Thanks for posting Hess's very detailed response to the Singer Proposals. I think that Hess is making all the right moves to thwart Singer and for our purposes - a more focused E&P Hess should be great for the Beetaloo.

The only risk that I see going forward - would be from the following statement:

The transformed Hess will have a focused portfolio of world class, higher growth, lower risk E&P assets that we anticipate will deliver a five year CAGR of 5 to 8%, based off of pro forma 2012 production, with aggregate mid-teens production growth between pro forma 2012 and 2014.

The mention of "lower risk" E&P assets is somewhat worrisome, but if Hess does proceed with the Beetaloo, it will be huge confirmation that they view the Beetaloo as a lower risk asset!!

Would you, or anyone else, know whether Falcon will become the owner of Hess's $55 million worth of seismic results "IF" Hess decides not to proceed - for any reason - including their own mandate of not going after the riskier E&P assets??