As of December 31, 2006, our gross capitalized oil and gas property costs in New Zealand totaled approximately $349.1 million. Approximately $332.5 million has been included in the “Proved properties” portion of our oil and gas properties, while $16.6 million is included as “Unproved properties.” Our functional currency in New Zealand is the U.S. Dollar. Net assets of our New Zealand operations total $261.3 million at December 31, 2006. Our capital expenditures on oil and gas property in New Zealand were approximately $56.7 million in 2006.