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

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.

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

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.