"You're saying you believe that new (Aust.) investors would be investing in Falcon as a whole, but current shareholders would be given shares of the new (Aust.) Falcon as well?"

That was just a quick guess on my part as the idea was just floated out there by MAB with no specifics and the discussion moved on to other questions by investors before we got any real clarification. I think that maybe Moyes Co. ran into difficulties in selling the new issue in Australia with allot of excitement around the Beetaloo, but too much negative sentiment towards the current Falcon and our problems in Hungary. Therefore, separating out the problems in Hungary from a Newco that just holds the promise of the Beetaloo may be an easier sell for Moyes Co. down under. The way I understood it was there could be two companies with current shareholders owning the same level of equity in both as they currently do now (which doesn't make complete sense given that Petrohunter has 25% of Australia) but the new Australian investors would only own shares in the Newco and would thus have no share of the Mako. My guess is that this would possibly be an easier sell in Australia as those investors are looking to the Beetaloo and maybe could care less about what is happening in Hungary. Regards Paul