Michael S. Taff

Hi John.

John Rogers - D.A. Davidson

First of all, on with respect to the J. Ray side for a second, in terms of your China joint venture for the deepwater vessel, when might we hear something in terms of projects there, are you''re already booking or just haven’t talked about it?

Bruce W. Wilkinson

No. That''s probably…I would say it''s 2010. It''s a year-and-a-half out that we''re....

John Rogers - D.A. Davidson

It''s from the bookings or revenues?

Bruce W. Wilkinson

Both. I think that....I think the belief there is that some of the first work would be booked, would be actually for the offshore market in China and the big picture, the big objective is for the FPSO market that sort of thing for export. But the reality is the...on the short term, while getting ourselves qualified for the big step, I think we would expect the Chinese partner to help deliver work into the joint venture that would be for the....a more traditional offshore market in China first.

John Rogers - D.A. Davidson

Okay. On a little bit short-term basis, if you look--?

Bruce W. Wilkinson

Yes. That would, I would see that as being a little bit like if you...the objectives that we have and down in Mexico longer term, I think many of you know is really to develop our facility that will go after the big deepwater offshore activity in all of the Gulf both U.S. and Mexican sectors, but it starts out with rather modest work with PEMEX doing traditional work in order to get the management team working on real things, and I think you''ll see that sort of pattern likely develop with the Chinese joint venture as well.

John Rogers - D.A. Davidson

Okay. And on a little bit shorter-term basis, if you look at the rest of the year and in the first part of 2009 on the J. Ray business, are there any significant project closeouts, if you...or timing issues that we should be thinking about?

Bruce W. Wilkinson

If you''re asking about the extraordinary numbers, either way, negative or positive I don''t know of any of that just hit me between the eyes. I think what happens is again if you take...when you take moving schedules, you move the time of closeout, you move the time of those events and so it could very well will be, I mean we''ve got a couple of big projects still going on in Asia that are going very well. I think there is some opportunity, but I don''t think you should think of that as determinative one way or the other.

Michael S. Taff

And I think, John, those happen just depending on the timing of when those occur. So it''s hard to predict those exactly when those projects exactly wrap-up and we assess the overall profitability of the job and the amount that is continuing, how much is remaining and how much is left and how much is needed, things like that and that is just things that we assess on a quarterly basis.