We focus on growth in the volume and value of our proved reserves because we believe that is the best way to create value for our stakeholders. Our policy has always been to reinvest our cash flows, rather than pay cash dividends, in order to promote long-term growth in the value of our common stock. Although industry cycles can have a substantial impact on year-to-year performance, we have achieved significant growth in shareholder value in recent years. At the end of 2007, the five-year cumulative growth in our year-end stock price was 355%, comparing favorably with the five-year increases in the AMEX Oil Index (249%), the Russell 2000 Index (100%), the S&P 500 Index (67%), and the Dow Jones Industrial Average (59%).