I think there is a positive impact here for Falcon. Obviously, Surgutneftegas thinks the investment worth double the open market price. As for XOM, their position still the same, they are after the assets in the ground.

Hungary MOL to pursue independent strategy even after Russian buy

http://www.portfolio.hu/en/cikkek.td...

Monday, March 30, 2009 02:29:00 PM

Hungarian oil and gas group MOL has announced on Monday that it learned of the transaction to be concluded between OMV AG and Surgutneftegas “from press coverage", adding that OMV acted without prior consultation with MOL. It noted that the Russian company's intentions are not clear, but regards Surgut as a financial investor.

MOL's statement is as follows:

“MOL understands, that Surgutneftegas sees MOL shares as an attractive investment opportunity. However, MOL would like to clarify its intention to follow its own proven strategy to create value for its shareholders is unchanged and it will serve the interests of all stakeholders in the sustained growth of MOL Group."

“MOL has always held three important pillars to be the foundations of its strategy:
- the combination of efficiency,
- organic and partnership-based growth, and
- excellence both in the operation of its assets and in the quality of its products."

“In the current environment, MOL believes strengthening its partnership with INA to be the main driver for value creation. The joint operation of the enlarged group enables MOL to optimise a larger asset portfolio, provides economies of scale and more flexible operations, as well as the transfer of knowledge."

“In previous discussions with a range of companies, MOL has always had a clear approach to favour partners providing stable, mutually advantageous cooperation. There have not been, nor are there, any strategic or operational relationships between Surgutneftegas and MOL."

“Therefore, the intentions of Surgutneftegas, formulated in its statement, are not clear. The Board of Directors of MOL considers Surgutneftegas to be a financial investor, and does not comment on transactions between ordinary shareholders."