We continue to work on Barzan as the majority of the construction related to that has not been awarded and there are other large projects that we''ve turned bids in recently. One, we''ve reviewed just last week, it was well over $1 billion. And so I think the activity remains pretty strong and robust and then our prospect was of target projects, focused projects has actually grown in the quarter.

Andy Kaplowitz (Barclays Capital): Are you worried about any other areas of the J. Ray backlog?

John A. Fees: What we really try to make sure we could do is really understand the depth and the breadth and how this would impact to any extent anything that we are doing inside the company.

In addition to that, we have certainly tested those assumptions heavily. We have spent many hours and many meetings understanding what''s going on across the entire backlog. There is a level of confidence that we have that we captured. What''s going on, if the lean is any direction, it''s probably little conservative.

Stephen Gengaro (Jefferies & Co.): Can you give a better sense for asset utilization and efficiency and how we should think about the overall business?

Michael S. Taff:We have talked in the past that there was 12 or 14 of those vessels that we acquired. A number of them are still on charter up in the Canadian market. There was really kind of four of those vessels that we really coveted, two of those are actively working in the Middle East and or Asia Pacific market.

The other two are in the process of being retrofitted. The whole idea of the Secunda acquisition was we can support our diving operations from those and do some kind of tie in work and stuff like that.

Once the pipelines have been laid, we can bring those vessels in and then kind of finish off the finishing touch and then send our more expensive vessels, the large derrick barges on to other projects. And that certainly, all incorporated in the scheduling of these projects.

John A. Fees: And that''s all working in accordance with what we anticipated. What we expect for a deployment of the Secunda assets and to our operations is doing what we really wanted it to do on the basis that we put the acquisition together. But the majority of the work in around these pipelines, are for core J. Ray vessels that were owned before us.

Marty Malloy (Johnson Rice): Give us any additional comfort that you have been conservative with your assumptions here in that the cost are not going to further increase on these projects over next four or five quarters as they move along?

John A. Fees: We have analyzed these pretty hard and what we think is reasonable contingencies, we put into our estimates rates on the pipeline that we have been accomplishing in the actual conditions.

We have taken the current weather circumstances into consideration. And we have looked at whatever cost escalations we had in the region and made sure those were fully reflected in our estimates going forward.

But that does not say that the things can go wrong. And there is always a possibility on construction projects when you are working out in the weather have other events come up and other things occur. But right now, we feel that we have taken a reasonable approach to capture what we think is going to take to complete these projects with representative contingencies based upon the risks that we feel we face.

Marty Malloy (Johnson Rice): On your 10-Q, you talk about $110 million worth of LDs you''ve potentially liable for. Can you explain why you haven''t recognized and then you don''t think you have to?

Michael S. Taff: We really obviously looked at that very hard both internally and with our independent auditors and the audit committee of the Board of Directors. And ultimately, we came to the conclusion that we didn''t feel based on the current discussions we were having with our customers that those LDs would be probable at this time.

Additionally, we have not reached the trigger date on those, although we feel we know that we will reach those trigger dates if we do not get the contract amendments. At this point, we don''t feel is probable.

We have had very good dialogue with both of the customers primarily on the two of the projects over in the Middle East and then feel that those contracts dates will be extended to allow us to complete the projects on time, based on those amended dates.

John A. Fees: One element here as well is that some of the onshore type of activities that these projects tie into is further behind schedule and where these complications put us in terms of our delivery to the customers.

We are very focused on meeting the needs of the customers and trying to meet those with some margin so that there is really no impact upon his ability to be able to move the materials and process the gas in this particular circumstance.

Marty Malloy (Johnson Rice): Do you expect the amendments related to these LDs to be done this quarter?