Thank you, Mr. Chairman.
Welcome, gentlemen.
My first question is for Mr. Boles.
You offered $150 million to buy the Shell refinery and you had discussions with certain company officials on a number of occasions. What specific terms or conditions proved to be a stumbling block in the process? Was it a question of cost? Were there other factors? They may have been quite clear with you on certain things or perhaps you had your own interpretation of the facts.