Thanks Soly. It will be interesting to see if these changes are enough to keep the status-quo, but whatever the outcome next Thursday, I expect positive news coming by the end of June. The Beetaloo potential would seem to be too great for a re-focused E&P company, like Hess is becoming, to ignore for the long haul.

Here is a short, but interesting read, that clearly shows that Falcon's strategy of finding billion dollar JV partners is clearly the only way to go - given the challenges of developing areas like the Cooper Basin south of the Beetaloo. I think it was Chevron that paid around $800 an acre for their recent purchase in the Cooper Basin, so the big boys are certainly prepared to accept the challenges if the prize is big enough!

http://www.theogm.com/2012/11/23/exploration-production-adventures-with-tony-morley/