It's critical that (Apple) tie up capacity. They need to secure a reliable source to fund their continued expansion into this area.

We believe this is a company transitioning from its older products to its next-generation products.

We are pleased that the first oil production has been achieved on schedule and on budget.

We believe there is strong potential for development of further oil and gas reserves in the Jeanne d'Arc Basin.

We are looking at whether we should be in a position to expand or even build an upgrading refinery in Canada. Under current economics, also labor supply and the cost of construction, it is really difficult and really challenging make a decision to (build) in Canada.

This is a tremendous accomplishment for Husky Energy and our stakeholders with whom we have worked diligently to ensure this mega project meets the highest standards of quality and safety.

The addition of Mr. Peabody to our management team strengthens our focus on growing production, controlling costs and increasing reserves.

Our strong operating results in the third quarter of 2005, bolstered by continuing high commodity prices, should lead to a record year for the company.