I agree. It's very funny when they try to sound intelligent and fail miserably. The term "ultra deep" is referring to drill depth not water depth. All of FCX's ultra deep wells are on the shelf (relatively shallow water). Davy Jones is in less than 20 feet of water about 10 miles offshore.
Glad to see you are still around. I learned a lot from you and other intelligent posters on the MMR message board. We need more like you on this board. Do you have any GULTU units? I bought some FCX in the 27 to 32 range and had most of my MMR shares converted to the royalty trust. I'm eagerly looking forward to production from the sub-salt.
As for compensation from Walter; we all know what a shrewd businessman Jim Bob is.