Without a economic flow rates from any of Falcon's field, there will be no sustainable SP rally. Here are what our inner circle investors believe or hope:

1. Falcon has ridiculously high TCF

2. Mako reservoir is much better than other successfully developed basins and it is almost a conventional play with its thick pay sand, porosity, permeability etc

3. Exxon will certainly do much better than Falcon in their operation and economic flow is almost assured and imminent

4. Natural gas price is much higher in Europe

5. With such high TCF numbers, the high share outstanding is certainly justified

and here are what the ignorant analysists and inverstors think of Falcon:

1. Resource number is nothing since there is no proven economic flow from the fields

2. Mako is deep and high pressure etc and it is a tight and difficult field to produce anything

3. Who knows - even with Exxon, there is at least 50% chance of no economic flows, extreme risky investment and the SP will go to ZERO if the flow rates are bad

4. Nature gas price will take years, if ever, to recover - the cheap shale gas is flooding the market

5. Too many OS for a company without any production and cashflow

Unfortunately, the share price will be decided by the ignorants. There will be no sustainable SP appreciation until the ignorants can be convinced!

Back to day dreaming...........