This is a solid project that adds certainty to our production profile beyond 2007. The North Sea is important to our overall growth strategy, and Ettrick is a stepping stone to growing a sustainable business in this area.

Overall I am pleased with the quarter. All of our core businesses performed well, our key development projects are on track and our marketing group enjoyed another great quarter.

We are encouraged with the results of the wells drilled to date, which has confirmed Knotty Head to be a potential world-class discovery. We will continue to accelerate the appraisal of the field in order to determine ultimate reserves and formulate an optimal development plan.

It's been a lot of hard work and running.

They let me in quick. They were real easy to get along with.

We believe Knotty Head has the potential to be a significant development in the Green Canyon area. With continued drilling success, our plan would be to sanction a development project within the next 24 months.