> I was kind of hoping that one of our readers was a private client of Burlingame's and wouldn't mind sharing their internal expectations for Falcon.

I assume that they are still accumulating; therefore, it would be counter productive to share their outlook :)

>(I think their holdings are now larger than Renova, but not 100% sure).

- As at March 31, 2009, the Eligible Institutional Investor ownership or control over a total of 105,635,269 common shares representing approximately 17.7% of the Issuer’s outstanding common stock.

- Renova Industries Ltd. ("Renova") announced to-day that certain of its subsidiaries have entered into agreements in respect of a reorganization involving the 91,072,277 common shares ("Shares") of Falcon Oil & Gas Ltd. ("Falcon") owned by Renova's subsidiary Avelar Energy Ltd. ("Avelar").These Shares represent 15.3% of the outstanding Shares.