Wood MacKenzie on IOC/XOM

[will2bgreat]

This is the reason we are down big yesterday.  Two primary reasons from the report:

1. Recertification of the resource.  Makes it sound like we don't know what is really there and therefore throws into question the value of IOC as a whole.

2. 6.5 years to begin producing LNG is a long time.

I hope this report has it completely wrong,

Good luck longs.