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Message: Exxon on reliance on Unconventional

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Re: Exxon on reliance on Unconventional/Soly

posted on Mar 19, 10 12:08PM

>How this compares to this year's slide. Gee, you would think Exxon would have left off Hungary by March 11 2010.

With all due respect, they could not have left it off as the header plainly says "2009 Acreage Acquisition" and to do so would at a minimum be incomplete and possibly viewed as incorrect or false. In the interest of fairness and accuracy, please include or refer to the next slide as well when discussing this matter and look to the lower left that describes the meaning of the red dots in various countries - "Planned Wells 2010/2011". "We are executing a major exploration program focused on high-potential opportunites" has no indication of anything in Hungary for 2 years. I am not saying Hungary is dead to/for FO but it is of no interest to XOM based on their presentation and personally I am not interested in seeing any company tie it up for that long with no new work to prove/disprove the asset.

I thank you for all your work on this board (and others past) over the (too) many years but on this matter of XOM interest I disagree with your interpretation. I am not here to promote nor to bash. The presentation speaks for itself with regard to XOM's (and XOM's alone) interest in the property.

Respectfully,

BF

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Falcon Oil & Gas Ltd. is a global energy company that is focused on acquiring, exploring and developing large acreage positions of unconventional and conventional oil and gas resources. read more