where is consistency with statements made at AGM?What Art said at teh AGM was XOP was not waiting around for Exxon to drill Block 13. I don't recall Art saying anything about New Zealand at the AGM. We were told XOP were following through on adding value with new projects in Nigeria. Yet new people are being hired, after Art told everyone at the AGM that this new work could be pursued with existing expertise. So why do they need new people? There is no explanation for why these new people are needed and it, in fact, contradicts what Art said at the AGM. So if there is a release in a week or month about new work in Nigeria, to justify these new people, then our question has to be - why were they needed if you pursued that work based on existing expertise? Shareholders raised concerns about how money was being spent at the AGM.
The institutions have to be frustrated that XOP is spending money that was raised when the price was in a real low. Without justifying why these new people are needed now. There seems to be a lack of accountability to investors. Like many other posters here, I am getting frustrated with the lack of progress.