Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Neil Dingman - Dahlman Rose.
Neil Dingman - Dahlman Rose
Fred and Bob, I am just wondering, looking forward to Entrada next year the sensitivity as far as I know you’ve got a lot of things laid out at least for the initial several months for that, but was wondering how sensitive maybe the back end of next year then going forward you would be with that project based on the sort of current commodity environment?
Fred Callon
I’m not quite sure I’m answering your question
Neil Dingman - Dahlman Rose
As far as just activity behind. I know you laid out a lot of things and spelled out a lot, and just wondering beyond sort of the initial things that obviously you’re already drilling, you laid out a number of things Fred already. I’m wondering later down the line how sensitive that you would be with that project activity with ramping up would be to the current environment or the environment at that time?
Fred Callon
Well, I think as we said before, right now of course between now and the time we get first production at Entrada we’re certainly focused on our time on Entrada and getting it’s first production and managing our liquidity accordingly.
As Entrada comes on line, it’s certainly our plan and continues to be our plan to ramp up our activities both in terms of drilling opportunities. We’ve got a number of drilling opportunities at which we are in the process of permeating and having ready as well as looking at some acquisition opportunities and we’ll continue to do that and quite frankly obviously subject to what happens with the commodity prices next year, but certainly anticipate being in a position to ramp up activity in the second half of next year fairly significantly, both on the drilling side as well as looking at some acquisition opportunities that quite frankly given the recent events I think there may be a number of opportunities out there that may be looking even more attractive next year.
Neil Dingman - Dahlman Rose
So you think almost irregardless of -- I guess you could say somewhat irregardless of prices you could still see a pretty significant ramp in the second half of next year?
Fred Callon
Yes, absolutely.
Neil Dingman - Dahlman Rose
Okay and then wondering as string as we’ve seen this year as well as what we saw in ?05 what your thoughts or Bob’s thoughts as far as insurance is going forward?
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