I'm also going to speculate that Falcon is now currently evaluating Plan (d)

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The Exploration Licenses expire on December 31, 2009, and are not eligible for extension. However, under the Hungarian laws applicable to oil and gas exploration licenses,
the licensee has the first priority in obtaining a mining plot covering all or part of the area, but is not guaranteed that it will receive a mining plot. The process requires the filing of a “Closing Report” within six months from the expiration of the license, and filing an application for the mining plot within the second six-month period.

The Company is currently evaluating: (a) applications for one or more new exploration licenses that would include a portion of the lands currently included in the Exploration Licenses, (b) an application to extend the boundaries of the Production License to include a portion of the lands currently included in the Exploration Licenses, and/or (c) an application for a new production license, to include a portion of the lands currently included in the Exploration Licenses.