Just to clarify, neither Philip nor John Craven are interested in Falcon becoming a production oil and gas company. It has been stated by Philip in every presentation that I have been to and in every interview that touches on the subject, that Falcon does not have the money or the interest in becoming a driller and producer. Philip wants Falcon to help prove up the assets and let the big companies like Chevron, Sasol, Origin and NIS (Gasprom) carry on with multiple repeat wells - after buying Falcon out at a stage where the assets are proven commercially viable and then Falcon will move on to the next one.

I am personally looking forward to hearing the election results in S.A. later this week, with the ANC getting a majority again, which will be the best result for Falcon. Then, in a few weeks time we should be hearing a postive release on exploration in the Karoo, where I think that Sasol will become Chevron's partner in our holdings there.

I am also expecting to hear some fairly regular announcements from Origin about drilling timelines and Northern Territory approvals. This 5 year timeline that was given in the JV press release had better be an absolute "worst" case scenerio!! I own a few PetroFrontier shares and their JV partner in the Georgina Basin - Statoil - will have all five of their test wells drilled in this current year, with the first one started one month ago and finished already, with the second one to spud in three weeks.

PetroFrontier Corp. (CVE:PFC) says it will drill up to five vertical test wells this year on its joint venture with Norweigan energy giant Statoil in Australia's Southern Georgina Basin.

In an update announcing the company's work plan and budget (WP&B) for 2014, it told investors that all wells will include an extensive coring and open hole evaluation program, and up to three of the wells will be hydraulically fractured and production-tested.