Hon Dr MEGAN WOODS: Exploration permits are just that: they are exploration permits. Companies take them on and explore them in a speculative manner. They do not know if they are going to find any wells. I point the member to some of the largest areas of acreage that have been relinquished, like the Great South Basin, which is connected to the fact that dry wells were drilled. There simply was not the gas there. We have to face the reality that in fact there has not been an offshore oil or gas find that is commercially viable in New Zealand since 2000. We have not seen an onshore viable gas find in New Zealand since the early 2000s. The reality that we have to face as a country is that we have to prepare for a future that is beyond fossil fuels.