Santa Fe is one of the best buys out there. This should give them a premium trading multiple and should benefit both shareholders.

That valuation is clearly way beyond what we've seen. They're paying a lot for Spinnaker's exploration expertise, leasehold acreage - things that don't show up in the proved reserves.

That valuation is clearly way beyond what we've seen, ... They're paying a lot for Spinnaker's exploration expertise, leasehold acreage - things that don't show up in the proved reserves.

This did go through the heart of where probably 500 platforms exist in the Gulf.

knocking the other guy out. It's just getting in there and participating. So we wanted to keep it loose, and it's free-form. Although I hit Edward whenever I could and was able to get away with it.

[In fact, all he’ll offer is a simple] No, I’m not getting into all of that ... The Break Up.