RE: RE: News OutYes, about 2/3 of the rather modest loss was attributable to hedging. The good news includes the progress in shifting to greater oil and NGL production with an anticipated big jump in that ratio this quarter. Increased exploration and development budgets and greater efficiencies in drilling costs, particularly in Garrington make this a not bad quarter. Certainly the numbers were better than 2010! And the transition to oil is right on course.