Okay. Now I have to tell you guys that next year we are banning ties, no one is allowed to or tied to present at least in the oilfield service track for next year, so be aware. We’re also going to limit you to three slides like we use to do so we’re going to be in here and we’re going to be punitive. Okay, next step we’ve got Core Laboratories, Dick Bergmark is the CFO, David Demshur is the CEO and has been the CEO ever since this was carved out of Western Atlas years ago. Core Lab is one of the, the most unique companies in the industry; it’s also been one of the best performing stocks over the last 10 or 15 years. It is a stunning niche that they have carved out and they have made what used to be an R&D type business into a fabulous iterative business Ergo with logo and I’m going to let Dave tell you all about.

Well Jim we’d like to thank you and the Credit Suisse team for having us here today. We’d like to update you on the progress of Core Laboratories many of you know we reported fourth quarter earnings last Thursday, we had quarterly records for revenue, operating income, EPS and most importantly for us free cash flow and so it’s quite a good end to the year. So, we’re going to look at some technology today that Core Lab is using to help our clients do two things; number one to help our clients produce more oil and gas everyday but more importantly to produce more oil and gas over the life of the play. On average the petroleum field produces about 40% of its reserves naturally. Our mission is to optimize the reservoir so we can squeeze out those incremental barrels. So when we talk about reservoir optimization our mission is to get that recovery rate from 40%, 41% on average up into the 43%, 44%, 45% range, I’m not sure our project at the end of the technical presentation where we think we can yield an additional 1 billion barrels of oil from a field that’s offshore in the Middle East. We have three segments by which we report our earnings that is reservoir description, production enhancement and reservoir management. The presentation today we’ll look at the value proposition our clients get and using Core Lab, we’ll look at the client curve analysis because our mission is to alter that decline curve, remember we can’t alter the laws of physics and thermodynamics but we can use those laws to alter the decline curve. And then we’re going to look at some new Core Lab technology as it led to our record fourth quarter of this year and then Dick…

Thanks, Dave. That’s new financial slides here for you just want to introduce the company for those who may not know us. We’ve been on the New York Stock Exchange since 1998 we went on the year next in Amsterdam just last year it’s broaden our potential shareholder base we’re pleased we have done that. Market cap right now is about $5 billion 47 million shares outstanding and we gave guidance for revenues this year to use the midpoint about a $1.50 million that’s the size of the company. I feel back in 1995 when the market capital is about a $120 million so you grow pretty well the shares compounded average annual grow since our IPO about 3X over the S&P 500 about 2.5X over the oil service group. And we want to talk about why we focus on that we are a public company that’s our duty we think there is some pretty important tenants on how you run a company to drive those types of returns and I’ve got some slides on each one of these points but what we want to talk about is how well does a company employ their capital so how we call a capital investment efficiencies how much revenue do you generate from your CapEx dollars and earnings conversion how much of your net income actually turns into free cash and then how much return on invested capital do you earn to the investment in your projects. And the reason why I focus on this is they’re all building blocks to return on invested capital. Most of us know that valuations on companies are tightly tied correlated to return on invested capital. Okay, let’s look at the first one how much revenue we’re generating from our CapEx dollars. So for Core Lab…

We are out of time. Thank you very much.

Yes.