they all matter { here’s why } Growth in our International operations fueled a solid year despite protracted weakness in our North American businesses, once again demonstrating the beneficial impact that Nabors’ breadth and diversity can have on our performance. The year also provided strategic opportunities to expand our business in Canada and further enhance our financial structure, actions which had a slightly negative short-term impact, but which are already significantly enhancing the long-term outlook. While 2002 likely represented a cyclical low point, we still managed to post the fifth best year in the Company’s history at $0.81 per share. nbr {16-17}