XOM statement on the 7 day extension - PNG News

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There is a small possibility that Exxon will alter their initial offer to pull the CRP out and offer XOM shares at the full 10 tcfe cap amount [as the unknown and un-assessed contingent value of the CRP was one of the 'red flags' that the Appellate Court noted]. This alone might be enough to keep the big institutional investors in line with a Yes vote, while not really costing Exxon any more [assuming the Total certification is 10+ tcfe, which Exxon probably already knows it will be]. I still think that it would require a new vote, however.