Exxon announcement of May 7th
I believe that since Exxon chose to make an announcement at all is extremely significant. It is most likely due to pressure from Guyana I speculate, and they did not cap this well. Therefore the only logical answer is they have a significant find( not to diminish it but any find at this point in Guyana is significant), but the devil is always in the details. It has to be not just commercial but more importantly is the reservoir where the hydrocarbons contained? So they need to do whatever testing they do to determine the viability for making this a producer. I think this is going to be done fast and we will all know real soon.