The 'scary' part about the amendments to the P&D agreement is that the unitization part was still up in the air, but spending the Phase 2 money on MOL's land wasn't. What's to stop Exxon from paying Falcon 50 million to proceed to phase 2, and then spending most of the $100 million exploration budget on MOL's land over the next 2 years. By the time 2012 rolls around, Falcon still doesnt have any production on their side and looses the license, then Exxon and MOL pick it up for nothing.