Inter Pipeline Fund provided capital expenditure forecast for the full year of 2012. The company expects to invest approximately $751 million in total capital during the year, including approximately $459 million to fund the previously announced Danish bulk liquid storage acquisition which closed in early January. A total of $246 million is forecast to be spent on organic growth projects in 2012, with a further $46 million directed to sustaining capital projects. Organic growth capital expenditures will primarily focus on pipeline capacity expansion projects. Approximately 74%, or $182 million, will be spent on projects in the oil sands transportation segment. A total of $38 million of growth capital will be spent in the NGL extraction business segment, with the remaining $26 million directed toward projects within the bulk liquid storage and conventional oil pipelines segments.