RE:Bless Exxon JVYeah wcp fec's comment in their recent NR about "water wet" rock in the Maas threw me. Why even mention that? Got people asking if cgx/fec drilled deepwater wells or deep waterwells. They didn't clarify what they meant. When petrophysicists talk about water wet rock they are talking about rock that water soaks onto it's surfaces and oil beads up on. In other words the rock surfaces attacts water and repels oil. It is not a reference to the amount of water in the formation fluids. But people don't know that. That fact and the reduction in Santonian pay spooked investors and there is no great panic by fec/cgx to calm fears. That lack of concern is adding to the uncertainty.