Help with a chart

[want2knit]

I'm doing a very simple knit and purl pattern. Here's the chart, I just want to make sure I'm reading it right as it's my first time reading a chart.

x o o x
x o o x
x x o o
x x o o
o x x o
o x x o
o o x x
o o x x

x = knit
o = purl

I am knitting straight, no circs. If I want to convert this would it be

Row 1 - k2 p2
Row 2 - k2 p2
Row 3 - p k2 p
Row 4 - k p2 k
Row 5 - p2 k2
Row 6 - p2 k2
Row 7 - p k2 p
Row 8 - k p2 k

Thanks for any assistance!