Vermilion first entered Germany in 2014 through the acquisition of a non-operated, 25% interest in a four-partner consortium with then-current net production of approximately 2,500 boe/d. Since then, we have continued to bolster our presence in the country with the execution of a significant farm-in agreement in 2015, the addition of additional licenses and the 2016 acquisition of operated producing properties. Germany is the largest gas market in Europe and has a long history of oil and natural gas development.