"A $50 million initial work program in the Mako Trough was a disappointment, however, and Exxon now says no further operations there are planned."

Of course you could put on some rose colored glasses, and this could simply mean that until they officially begin Phase 2, they don't have any specific operational plans.

Just reading over some posts from the weekend..can't believe you didn't get any responses to this, but FWIW, I must have my rose-colored glasses on, because I've seen reporters get it wrong about as many times as I've seen them get it right. I would assume that Exxon would have been referring to F1, and not the Mako Trough if they said "no further operations there are planned"

LeonRedbone