>Maybe I am missing something elementary. Lanman could you clear this up, you know a heck of a lot more knowledge on this play than I do.

The Production and Development agreement clearly states that certain confidentiality agreements that were signed by ExxonMobil on Sept 17th, 2007, were terminated. This may or may not have been referring to the 'standstill' agreements that Bruner mentioned.

If it is referring to them, then they were cancelled, and today would not be a 'special' day. If they are not talking about the standstill agreements, then that means we don't know what day those standstill agreements were signed. So again, today would not be a 'special' day.

I think the standstill agreements are part of these agreements that were terminated. From the Aug 29, 2007 conference call:

"To be clear, the term sheet outlying the potential partnership was discussed with potential partners before confidentiality agreements were signed. In the agreement they signed, a standstill agreement, explicitly prohibits them from trading in Falcon stock for several years."

Therefore, I don't think there has been anything preventing Exxon as a company from buying up Falcon since April 10th, 2008.

As for my nonsense comment, I mean that I think it's nonsense that there would be a team of ExxonMobil staff sitting at computers today suddenly buying FO shares on the open market. I wouldn't be surprised if a few Exxon employees privately bought some over the last year or so though.