Just some notes below from Murphy's Conference Call held May 8, 2012, see below.

Also, if you get a chance - would also recommend to download the recent May 2012 presentation from Kosmos website (see slide 17).  Interesting...

Final comment: out of all the E&P companies out there - believe we are teamed up with the best...Tullow.  Time will tell....

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Murphy Oil, CEO:

We have some very impactful, very well-defined opportunities, we are drilling them now. We're going to drill them next year. You didn't see much of what's going to be drilled in 2014 and 2015, it was a question about Suriname. Suriname, for some strange reason, is the pretty darn hot block, and we've got a lot of people knocking at the door, and we haven't even got the full data done yet. So that goes to, I think Sam's and his team's capability in spotting things early, all of which bodes very well for us down the road. So the upstream business I feel really good about. I wouldn't feel bad at all about separating our businesses having a standalone retail business in a standalone independent E&P business.