This is a widely used conversion method in the oil and gas industry. The earliest discoveries were mines dug into hillsides to mine active oil seeps. Barrels of oil equivalence does not necessarily result in price equivalence. The majority of these revisions are located in the San Joaquin and Los Angeles basins. We also utilize the services of many third party contractors throughout our operations. We then deliver dry gas to pipelines and separately sell the NGLs. Approximately 30% of our NGLs are sold to export markets. For more information, see Part I, Item 1A – Risk Factors. In February 2021, Senate Bill 467 (SB 467) was introduced. The bill would also allow local governments to prohibit such practices prior to 2027. We cannot predict the outcome of this most recent legislative effort. Several of these ordinances face legal challenges. As a result, there has been an unprecedented reduction in demand for crude oil. This analysis is often inconclusive or subject to varying interpretations. In either case, the value of our undeveloped acreage may decline and could be impaired. Actual results will likely vary significantly from those contemplated by the projections. We may sell additional shares of common stock in subsequent public or private offerings. Acquisition and disposition activities involve substantial risks.