Charlie Fischer Quotations

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.

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.

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

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.

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.

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