> Falcon definitely used the money of the PP completely to survive the first 2 quarters in 2008 and as far as I know,the PP was therefore never reallocated to anyone.

Nov 2008 MD&A:

"In light of the ExxonMobil transaction, the board of directors of the Company has assessed the overall business strategy of the Company and determined that a reallocation of the remaining proceeds of the December Offering be made to the Beetaloo Basin and Buckskin Mesa Project acquisitions."

...which is basically what John said this morning.