At Nexen, we’re building a sustainable future. We have a solid track record and are well positioned for growth in some of the world’s best oil and gas basins. With a proven operating strategy, strong management team, dedicated employees, and commitment to integrity and ethics, we are an exciting company with a great future.

For us creating value is ensuring maximum return for every dollar of capital we invest. For the past few years we've been developing our world-class assets with the confidence that these projects would result in significant value growth once on stream. In 2007, we successfully brought Buzzard on stream which was a significant contributor to our record cash flow and 33% growth in net production. This year we are excited to bring our first oil sands project at Long Lake on stream and Ettrick in the North Sea. Yet there's more to develop and bring on stream in our global portfolio such as Knotty Head in the Gulf of Mexico, Usan offshore Nigeria, and CBM, shale gas and oil sands leases in Canada.

Looking at the company, I believe we have the talent and discipline to turn these opportunities into value-generating projects. I’m excited to see a new generation of employees at Nexen. They are young, energetic people who value integrity, diversity, innovative thinking and our rich portfolio of worldwide assets. Once again our employees named us one of the 50 Best Employers to work for in Canada. This is a great measure of our success in a world where human potential is truly the world’s richest resource. I thank all employees, our participative Board of Directors and committed shareholders who all see value in what’s next.