07-23-2016, 01:50 AM
'davidhmtk' pid='74659' datel Wrote:Alignment of the interests of XOM and former IOC shareholders who will be entitled to a share of the Contingent Resource Payment is based on that the same appraisal/certification process will govern it as well as the Total/IOC SPA payment which will now be due to XOM. This was not the case with the OSH deal, which extinguished the SPA as part of the side deal between Total and OSH.
Yes, but I see two issues. First, and most important, as shareholders we don't have an advocate overseeing this process. Second, we have lost the second certification (as well as all other subsequent payments) to make us whole.
Of course the third is giving away for $0 everything else.