>Exxon to sign up for next stage of the agreement before the final flow testing is complete, which would also be very good news and another $75 million in operating capital.

Paul, it seems for some reason this notion that the second payment worth $75 million dollars has stuck in your mind. Actually, the second payment is $50 million.

“Second Payment. Within ten (10) business days after ExxonMobil has provided the Appraisal Option Notice, it shall pay to Falcon (or Falcon’s designee) the amount of US$50,000,000 (the “Second Payment”), by wire transfer to the account specified in Section 7, above.”

Hopefully, in due time we get to the Development Phase and then Falcon will collect the third payment that’s worth $75 million dollars. Regards, John.

“Third Payment. Within ten (10) business days after ExxonMobil has provided Falcon with the Development Option Notice, ExxonMobil shall pay to Falcon (or its designee) the amount of US $75,000,000 (the “Third Payment”), by wire transfer to the account specified in Section 7, above.”