Perhaps most importantly, we've expanded our strategic partnerships in South America where we have entered into agreements with Statoil and Petrobras in a joint venture to explore in the offshore of Brazil and expanded our existing partnership with CEPSA to explore additional prospective acreage in Colombia. Both of these initiatives add new, large exploration prospects to our exploration inventory with both near-term and long-term drilling opportunities. Before going into more detail, let me now turn the call over to Martin Eden to discuss the financial results. Martin?
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