cost?, we will pay in unitization currency, in my opinion.

The contract terms are unlikely to be changed.

Not a word will come from XOM before it is time, complete news blackout on anything associated with Mako, unless it is something that they are required to report to FO as per the contract (Pipe is out on limb here)

The Australian and African plays are a long shot in the dark and hopeless in the near term. Just my opinion, they are worth looking at and is good to have a tenuous lock on them, but dont expect much positive coming from there anytime soon. Falcon is about mako at the moment.

The share price will continue to come under stress until the end of the year. Tax loss reporting is a big deal for some. Lack of news spooks any daytrader.

A major issue to consider is the following: With several hundred million shares outstanding, and the trading is rather mute. Even the 10 to 12 million shares traded on one day dont add up to much. A million to less than a million shares traded lately tells the story. The smart money is holding on to falcon's shares. They never ate free cheese at knight or listened to a fat lady sing. They invested in Mako and have an idea that testing will go on.

just my opinion

db