Epstein Secrets

zing by 2Q15. Mexico reform is getting close and onshore service contracts could materialize in 2H14 followed by IOC offshore tenders in 1H15. Even Venezuela is improving with a recent agreement on receivables and additional activity. • Raising EPS estimates slightly, more upside from buybacks. We raised

ssued and approved for distribution in the U.K. and the EEA by JPMS plc. Investment research issued by JPMS plc has been prepared in accordance with JPMS plc's policies for managing conflicts of interest arising as a result of publication and distribution of investment research. Many European regulators req

Peru 5.8 4.2 55 6.9 0.3 I§ 6.0 7.0 5.5 3.0 32 3.0 2.5 Uruguay 4.7 3.0 4.0 6.4 -1.8 A4 t 6.0 t 40 t 3.0 4 8.6 81 75 7.3 Venezuela 1.3 -1.0 2.5 2.3 41 0.0 2.5 2.0 25 52.9 572 58.2 35.0 Asia/Pacific 4.6 4.5 1 4.8 IS 5.3 22 4 5.3 t 50 4.8 32 3.3 29 33 Jap

ssued and approved for distribution in the U.K. and the EEA by JPMS plc. Investment research issued by JPMS plc has been prepared in accordance with JPMS plc's policies for managing conflicts of interest arising as a result of publication and distribution of investment research. Many European regulators req

9 4.3 4.5 01 6.7 Ecuador 8.0 5.0 4.0 4.2 4.8 Mexico 3.9 3.9 3.6 41 3.5 Peru 6.9 6.0 7.0 13 60 Uruguay 5.7 3S 4.0 11.8 21 Venezuela 4.2 5.0 0.0 10.1 0.6 Asla/Pacific Japan -0.7 1/ 0.1 5.3 02 Australia 2.1 3.5 2.5 51 2.6 New Zealand 1.3 2.6 21 4.1 2.3 Asa e

ssued and approved for distribution in the U.K. and the EEA by JPMS plc. Investment research issued by JPMS plc has been prepared in accordance with JPMS plc's policies for managing conflicts of interest arising as a result of publication and distribution of investment research. Many European regulators req

4.8 3.0 5.5 5.0 3.0 3.0 4.0 5.1 5.1 5.4 4.7 Mexico 3.9 3.9 3.6 3.3 1.8 2.3 3.9 4.5 4.6 4.0 3.9 4.4 4.1 3.5 Peru Uruguay Venezuela Asia/Pacific 6.9 5.7 4.2 6.2 3.5 5.0 6.0 4.0 0.0 6.0 2.2 t -0.5 5.5 7.8 t 42 6.0 a 0.0 6.5 6.0 .4.0 6.0 4.3 0.0 5.0 4.0 3

ssued and approved for distribution in the U.K. and the EEA by JPMS plc. Investment research issued by JPMS plc has been prepared in accordance with JPMS plc's policies for managing conflicts of interest arising as a result of publication and distribution of investment research. Many European regulators req