"In the Lower Saxony Basin in Germany, we have drilled three exploration wells in the promising shale gas play there and are preparing to commence testing operations. In the Mako Trough in southeast Hungary, we are now drilling our second and third evaluation wells. Testing operations will begin once we have completed the first set of wells."

"As you recall, last year, we did announce that we had signed an agreement to begin phase work program in the Mako Trough in Hungary on about 184,000 acres. The first two of those wells have spud last year and the second well spud in December and we continue to explore and work on that prospect."

Ryan Todd - Deutsche Bank

That's great. Thanks. And if I could just sneak in one more, Neil asked you about the gas prospects over there in Hungary and you mentioned as well drilling in Germany. Would it be possible to -- from the wells you’ve drilled so far to make any comparisons to gas assets that we see here in the U.S. in terms of reserve, flow rates or just how you view those assets versus gas assets here in the U.S.?

David Rosenthal

No. I wouldn't want to make any direct comparisons other than to say that although it's a little early, we do view the prospects that we have in Germany as potentially world class resources, but we're still evaluating and testing programs are underway, and we'll be testing the wells that we drilled and determining the extent of that resource.

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