All of a sudden there is a lot going on at Falcon, after I interviewed CEO Philip O’Quigley on TipTV the week before last there is activity in both its key areas. Last week it was Australia where drilling operations got under way and this week it is good news from South Africa. I understand that the Government there has Gazetted new fraccing regulations for the oil and gas industry. Publication of these means that exploration licences for shale gas can be issued to those companies that applied in the past. I take this to be good news for Falcon who have had an application in for a 7.5m acre permit in the Karoo Basin, a farm-out would probably follow, maybe to technical partner Chevron but i’m sure there will be plenty of interest in this asset. http://www.malcysblog.com/2015/06/oil-price-falcon-oil-gas-and-finally/