Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from [Harry Mater] – Barclays Capital.
[Harry Mater] – Barclays Capital
I was just wondering if you could provide us with a more detailed schedule of the cost incurred in 2008?
John A. Manzoni
Harry, I’m not sure I understand your question. I think we can provide you will all sorts of details. Do you want to be a bit more specific or can we come back to you with some more detail?
[Harry Mater] – Barclays Capital
I was specifically looking for development spending, exploration spending. I think you typically break that out in your annual report, in your yearend disclosure but I didn’t see it in the press release today.
John A. Manzoni
I’m just looking around to see what we typically do. I’ve just been told that we’ve put some additional information that I think gets the data you require, we’ve put it on the web. So, the data I think you’re needing and is normally available to you is actually on the website.
Operator
Your next question comes from Gil Yang – Citigroup.
Gil Yang – Citigroup
Could you talk a little bit about the Saskatchewan sale? How you evaluated the credit risk or the risk of the buyer not getting funding for that transaction?
John A. Manzoni
Let me ask Scott to answer your question. We did of course quite a lot of inquiry.
L. Scott Thomson
One, the deal as you know closes June 1st; two, there is no financing out in the agreement; and there is a deposit put down by the buyers in the agreement that we’d obviously get if the transaction didn’t close for any reason. That being said, my understanding and you probably have a better understanding of this than I do, the financials went relatively well last night for both Crescent Point and Tristar so I’ll leave it up to them.
Gil Yang – Citigroup
So they’ve already gotten funding for it?
L. Scott Thomson
I think there was a bought deal last night for each of them.
Gil Yang – Citigroup
John, could you just talk about obviously F&D was a little high this year and maybe from some timing issues associated with Asia and the early development of the unconventional. How should we look at the longer term F&D from a timing matched basis?
John A. Manzoni
Gil, F&D is quite high this year and in fact I’ve been signaling that as we’ve been going through the year but I’m actually not too troubled by it to be honest. First of all, it’s naturally lumpy and some of those lumps we could see coming this year. For instance in specific 2008 we choose not to sanction or rush through to sanction the project developments in Vietnam HST, HSD both of which will be coming forward and they’re both coming together during the course of 2009.
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