Lorenzo Donadeo
Management
Provide you a bit of an update on our 2012 key accomplishments. Some of our first quarter highlights and some of our ongoing activity. So I'd also like to welcome the people who are just joining us by webcast today. And so if you have any questions at the end of the presentation, we ask that you speak into the microphones that are at the center of the room. And questions can also be addressed from our webcast audience. So I've got a couple of advisory slides. So just going over our 2012 key accomplishments. 2012 was a very strong year for Vermilion. In terms of our portfolio and future growth, we achieved 7% growth and -- 18 -- in production, an 18% growth in fund flows. We completed a couple of strategic acquisitions in France, adding about 2,800 barrels a day Brent-based price crude. We identified contingent resources of 161 million BOEs and prospective resources of 249 million BOEs, announced a significant position in the liquids-rich Duvernay play, 175,000 acres roughly, and we commenced testing of that play. We awarded -- we were awarded 3 land permits in The Netherlands totaling about 222,000 acres and captured a 2.3 million-acre block of land in Morocco, following a nonconventional and conventional exploration play. In terms of shareholder returns and financial stability, a very strong year. We significantly outperformed our peers at 19.6% positive returns versus the negative 21.5%, outperformed a number of other relevant indices as well. Our balance sheet is sort of best in class, a balance sheet of 1.2x debt to cash flow at the end of 2012, which is very, very strong. In terms of our operations, we doubled our production in the Cardium light oil play to about 7,500 BOEs per day, and we achieved record consolidated…