The proper analogy for IOC shareholders current situation

[Relker]

The period of exclusive talks with XOM last 60 days. It is my take that this period is necessary for the lawyers to work out the deal. Only minor points are left to be negotiated. I hope this time the devil is not in the detail. For strategic reasons they want to negotiate the Gulf project after the XOM project. In the last CC they expect the start of this negotiation is planned in Q3.