Section 3.6- Final Resource Certification (And Payment)

[SamAdams]

Thanks for all the work Palm. People need to realize this was the best deal for IOC, both on a $ per mcf basis and for sure on the LNG participation stake. There was no big payoff from XOM tossed aside to take this deal. TOT is comfortable with the size of E/A ( my inference 2 trains) per MH. The tranches, re-certification is all SOP. MH and new management got the deal done. They did not want to get stuck with the XOM deal from MAY, but they should have reset price expectations sooner on the sell down. If they had done that when the stock was in the $60s, perhaps the stock would have moved up instead of talking up getting the deal done knowing the $ per mcf was out of whack with the few street analysts and most all longs. Water under the bridge but a mistake on their part. Good deal LT but this will all take time.