>Paltar, through its joint venture agreement with 50% partner, Sweetpea Petroleum Pty Ltd, has applied for 3 licences in the Beetaloo Basin (EPA 136, EPA 143 and EPA 197).

You are exactly right emperor. These 3 licenses are adjacent to the lands owned by Falcon's subsidiary Falcon Australia. Falcon Australia holds 100 percent interest in over seven million acres in Exploration Permits 98, 99, 76, and 117 covering the majority of the Basin.

Here's the map I posted back in June 2011 showing the Sweetpea and Paltar JV permits.