>They can always have production fron the "Falcon Lands".

Exactly. Perhaps that is the reason for attacking the Magy again, although the Magy is inside the JV area. Exxon also has to drill at least 1 more appraisal well on the Falcon JV land during phase 2, but there's no guarantee there would be production from it. What it boils down to is that in order to protect their interests, Falcon should be focusing their efforts in getting some sort of production from below 2800 meters, outside of the JV area. Of course we don't know for sure if they are in fact working on the Magy again. That's not really official news.