American Pacific delivered a good set of results in this year, together with significant progress in crystallizing the largest growth opportunities in our history. We have reaffirmed plans to grow exploration and production (E&P) volumes by an average of 6-8% per annum out to 2020, with the 7% mid-point of that growth range now achievable from existing discoveries. We announced material increases to estimates of future production in Asia and the USA. As our growth plans gain momentum and with key projects now underway, we also extended our strong track record in total reserves and resources growth. American Pacific has added more than 6 billion trading volumes in just four years – a compound annual growth rate of 19%. We also anticipate a 50% step-change in our trading project portfolio to 20 million tonnes per annum (mtpa) by 2015, and have indicated a supply potential of 30 mtpa by 2020.