xploration miss, Guyana is not discounted in shar=s, and Liza #3 is an event that investors will have to revisit in coming w=eks. Next catalysts are the Liza #3 appraisal (4Q16) and Payara (early 201=). The Liza #3 well, has the potential to further de-risk a reso=rce base for the play opening Liza discovery