This is my opinion -- I have read all of the posts this past couple of months.

Exxon has never said they are NOT moving on to Phase 2. If they say they are going to Phase 2 -- how fast do you think the stock will go up? So I buy shares now. I can't believe Exxon would pull out after drilling just one well. I see all of the wells being used for an analysis and final decision to move to Phase 2. Likewise -- If Exxon thinks it isn't worth it -- why wait 120 days? Since they haven't said -- it is probably because they are still doing their analysis and negotiations. So I look at a 60/40 chance they will move forward.

Beetaloo is another big play. If you remember how much Falcon went up with Mako-- yes I bought stock at over $5 a share years ago - so I see a possibility Falcon going up there again with just Beetaloo.

South Africa is also something new. -- Still years away.

If just one of the three hits -- it is all good. If none -- then you keep the day job. You never invest all your money in a risky venture -- but I see everyone saying doom and gloom and I haven't seen the major players say what they are actually going to do yet.

Now how many companies do you know have three major pots in the fire at the same time? I'm not trying to be a pumper -- but I do know PR and marketing and haven't seen Falcon do a very good job of that -- but likewise I know everyone tries to read something in the press releases that may or may not be there -- I just want to know definitely -- is Exxon in or out. If they are in -- I made a good investment -- if they are out -- then I wait for Beetaloo.

And yes -- I bought more PETRO -- not at 12 cents but at 3 cents and I think it could go up too -- if Falcon does -- due to all of the shares of Falcon they own.

As they say --

No Guts - No Glory.