My money is on Chevron stepping in. They have been increasing their exposure to Australian plays and we already have a good and growing relationship with them in South Africa.

Will be interested to see Hess's press release and how they spin it from their end. I would not be happy if I was a Hess shareholder... what a way to p*** $80milion up the wall!! Small potatoes for a company the size of Hess I know... but still. They are not a company that has its act together at the moment.

I have learnt to be patient with Falcon (no choice really)... so I shall just have to be patient some more. The main thing was the quality of the seismic data... which by all accounts is very encouraging. Now we can take that back to the negotiating table and get a better deal for ourselves.

I've no doubt FO.V will sell off tomorrow (and the days after)... the market didn't get what it was hoping for. If it drops a lot... I'll shall be buying more.

MT