Okay. Just talk a little bit more about Ansell. Ansell is an important, rich -- liquids rich gas play to us. Our
strategy is -- at Ansell is to move the play forward, maintain our land position, continue to drive down costs and
improve execution, but also to be patient. In the near term, in light of gas prices, we have redeployed some of
the capital directed at this play to other opportunities. However, the play, in the long term, still represents a
good opportunity for meaningful growth in our liquids-rich resource portfolio and we're currently producing
about 10,000 barrels of oil equivalent per day from this play, via a combination of vertical and horizontal wells.
We have great infrastructure access in this play. And we expect to grow production to about 14,000 barrels
per day of oil equivalent by the end of next year. We like our concentrated land position here. We're -- we've
basically got about 200 net sections over the entire area and they are large continuous, which is very helpful in
terms of development. And there's lots of opportunity in both the Cardium and the Wilrich formations. The
advantage here -- additional advantage is, we own most of the geological stack. So we can actually exploit all
the different reservoir horizons in most of this land area.
We have seen improved productivity from propane fracs in this area in the Cardium. And we see that through
all the work we've done in our vertical wells. And from this chart, you can see this is the first two horizontal
wells and you can see we actually have quite a large outperformance using propane in the Cardium here, in
the early stages here.
The reason for this sharp decline, again, is not well performance. It's actually because we had such an excess
of C-3s that the processing plant couldn't deal with it and we had to shut-in the well until we reconfigured the
infrastructure. So, again, very promising on the Cardium delivery with propane there, it's early days in the
Wilrich, but the results are encouraging when you look at all the data that's out there, particularly amongst a lot of our competitors and some of our very, very early results
Gasfrac has a 3 years contract(+2 years renewal option) signed in September 2011.
Thanks, Boon. Regarding the babble about "old news", a couple of comments which should be obvious to most observors: 1. Old news sometimes becomes very important new news to those who hear it and realize the implications for the first time and 2. additional developments can bring old news into sharp focus