The way we utilize it helps to de-risk these plays, but whenever you are dealing with a wildcat exploration well, you are going to have still have, even with R3M significant risk associated with those.

Neil McMahon (Bernstein): Are you still planning Madagascar and Southern Basin off shore in New Zealand?

Henry Hubble: We continue to utilize the R3M as part of our data collection efforts in these new areas, because we do think it is delivering value in our ability to assess the prospects.

Michael LaMotte (J.P. Morgan): Is it geology or end market or both that pushes you into an area like Hungary?

Henry Hubble: All of the above.

Michael LaMotte (J.P. Morgan): Is there anything in particular in the resource that would lead you to build such a big position, almost 600,000 acres?

Henry Hubble: We are basically being able to take advantage of our global understanding of these potential basins and to get in there early and work with the folks and being able to evaluate these prospects.

Arjun Murti (Goldman Sachs): Any update on the timing of some of the Qatar LNG products that are scheduled to start up this year?

Henry Hubble: Both of them we expect to have on this year.

Paul Sankey (Deutsche Bank): Comment on the 800,000 barrel a day outage in Nigeria?

Henry Hubble: On April 24th, the local chapter of the Senior Oil Workers Union there in Nigeria, halted collective bargaining discussions that we had and withdrew their services there. The union subsequently shut in those facilities. What we have heard this morning is that the union has directed the employees to return to facilities and so we are anticipating that will to move things ahead there.

Doug Leggate (Citigroup): Comment on the timing of tax payments?

Henry Hubble: The timing of tax payments we typically see that in the first quarter where both Norway and US we have more tax expense and we have actual payments in the period.

The bigger factor was associated with crude payables. And as you saw the rapid ran up in or the higher crude prices, we have basically closed through into the higher crude payables, and that was the bigger impact. We also had some net income increased that also impacted that as well.

Robert Kessler (Simmons & Company): On Piceance, where are you at in terms of total production there now?

Henry Hubble: Piceance is still above 55 million cubic feet per day.

Mark Gilman (Benchmark): On the new Malaysian PSC, does it extend the existing one and/or the terms more on risk?

Henry Hubble: It is basically an extension of the existing arrangements that we have there, but it does anticipate more enhanced oil recovery.

Unidentified Analyst: On TMS 22 in Brazil, are you able to give us an update on where you have the rig?

Henry Hubble: We had scheduled basically looking to do that in the third quarter of this year, we are bringing in sea drill rigs to do that work, and we have no change for that plan.