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Table 1: Notional multi-phase development at Guyana: about $22/sh to Hess
document IMAGES-003-HOUSE_OVERSIGHT_014879.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Table 1: Notional multi-phase development at Guyana: about $22/sh to Hess Gross Barrels Full Project NPV Hess 30% Interest NPV net to (mmboe) $MM NPV Hess (mmboe) $mm $mm $/sh Liza Early Production System 425 4258 1,277 $3.9 Phase 1 600 4,932 1,480 $4.6 Phase 2 600 3,821 1,146 $...

June 2014, I was asked to articulate the vision at the first Belt and Road forum in
document IMAGES-007-HOUSE_OVERSIGHT_023573.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…n Urumai, Northwest China's Xinjiang Uygur autonomous region. I described five categories: history, culture, trade, mutual development and peaceful development. The second forum was in Quanzhou, Southeast China's Fujian province, in February 2015. It enlarged the vision to inclu...

214 12 The Engineering and Development of Ethics
document IMAGES-002-HOUSE_OVERSIGHT_013130.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… thinking, this is a cognitive precedent to being able to reconsider an entire belief system, one that has had contractual logic built atop reflexive adherence that began in early development. If the initial moral system is viewed as positive and stable, then this cognitive capac...

11.3 Piaget’s Theory of Cognitive Development 191
document IMAGES-002-HOUSE_OVERSIGHT_013107.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…t order, are easily achievable. Classification becomes more sophisticated, yet the mind still cannot master purely logical operations based on abstract logical representations of the observational world. e Formal: Abstract deductive reasoning, the process of forming, then testin...

(ORE Feen 21Me Pularch 214)
document IMAGES-004-HOUSE_OVERSIGHT_016754.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…4) Owned by: 6 Ownership Name Role | 55 DIT Holdings LLC Shareholder 1 THC DEVELOPMENT BRAZIL Shareholder 167 THC CENTRAL RESERVATIONS LLC Owned by: 3% Ownership Name Role A THC CENTRAL RESERVATIONS Managing Member MEMBER CORP 95 BIT Holdings LLC Member 168 THC CENTRAL RESERVAT...

Exhibit 36: Contribution from Change in
document IMAGES-003-HOUSE_OVERSIGHT_014574.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…rt growth after five quarters of subtracting from GDP. Recession Contribution Percentage Points, 5-Quarter Moving Total 14 5 1981 1986 1991 1996 2001 2006 2011 2016 Data through 03 2016. Source: Investment Strategy Group, Haver Analytics. Exhibit 37: National Association of...

Mark Landler and David E. Germany, Japan, the United
document IMAGES-003-HOUSE_OVERSIGHT_014616.txt Dec 2, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…edy School, December 10, 2015. 112. Stu Wood, Rick Carew and Eva Dou, “SoftBank to Buy ARM Holdings for $32 Billion,” Walt Street Journal, July 18, 2016. Kate O'Keeffe and Damian Paletta, “Tensions Linger Over Seizure of Survey Drone in South China Sea,” Wall Street Journal, De...

Sharmin Mossavar-Rahmani
document IMAGES-003-HOUSE_OVERSIGHT_014533.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Sharmin Mossavar-Rahmani Chief Investment Officer Investment Strategy Group Goldman Sachs Brett Nelson Head of Tactical Asset Allocation Investment Strategy Group Goldman Sachs Additional Contributors from the Investment Strategy Group: Matthew Weir Managing Director Maziar...

encouraging investment over consumption and plowback over dividends
document IMAGES-001-HOUSE_OVERSIGHT_010942.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

encouraging investment over consumption and plowback over dividends, particularly in the last half century, have led to dangerous overinvestment in the private sector. The empty eyesores and bulldozer bills of 2008 are symptoms of pro- investment policies founded in many countrie...

Where Keynes and Kuznets and macroeconomic tradition have been right is in
document IMAGES-001-HOUSE_OVERSIGHT_011057.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…” spent on consumption and gross investment. This fact of arithmetic is the logic behind Say’s law: pay plus profit are always enough to buy what is produced. We saw that this truism gives cold comfort when calamity or misjudgment make profit negative, as with the subprime houses...

Unauthorized redistribution of this report is prohibited. This report is intended for jake.byrne@bam
document IMAGES-003-HOUSE_OVERSIGHT_014873.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…to BofAML’s US 1 ‘best ideas’ list Reiterate Rating: BUY | PO: 80.00 USD | Price: 49.97 USD Short interest ratio: catalyst for recovery Over the past six months Hess has been one of the most volatile stocks in the sector, facing headwinds from a significant increase in short...

to Temporary Investments, “PIPES” and other purchases of
document IMAGES-007-HOUSE_OVERSIGHT_024059.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…s Market at the time of such investment, “toe-hold” investments (e.g. investments that are intended to lead to a potential private or larger investment), Portfolio Investments where the Partnership has the right to designate a director, and follow-on investments in or related to...