Re: Falcon Oil & Gas Ltd. enters into binding agreement to acquire an additional 25%
posted on
May 28, 2009 04:32PM
Developing large acreage positions of unconventional and conventional oil and gas resources
The full agreement is available from Petrohunter, nothing of particular interest that I can see except for this part:
(f) Accept, support and vote in favour of such work plans and budgets as Falcon may propose under the Beetaloo Basin JOA for the remainder of 2009, but only to the extent such work programs and budgets are intended by Falcon in good faith to satisfy the minimum work requirements under the Permits in a manner that Falcon believes to be commercially and technically reasonable, and with the understanding that Falcon’s present intention is to limit the capital expenditures in the work plan and budget for 2010 to the minimum believed necessary to keep the Permits in full force and effect
http://www.sec.gov/Archives/edgar/da...