Our strategy has recently been broadened to identify, access and integrate hydrocarbon assets in known hydrocarbon basins globally. We seek to leverage our Venezuelan experience as well as our recently expanded business development and technical platform to create a diversified resource base. With the opening of our London technical office and our purchase of a 45 percent equity interest in Fusion Geophysical, L.L.C., we have made significant investments in the past year to provide the necessary technical foundation and global reach required for an organic growth focus. While exploration will become a larger part of our overall portfolio, we will generally restrict ourselves to basins with known hydrocarbon systems and favorable risk-reward profiles. We will continue to seek opportunities where perceived geopolitical risk may provide high reward opportunities in the long term.
