Operator: And our next caller is Charles Meade with Johnson Rice. Welcome, Charles. Your line is open.
Michael Furrow: Hi, good morning. This is Michael Furrow actually filling in for Charles Meade.
John Christmann: Hello, Michael.
Michael Furrow: Hi, okay, just one question for me regarding Suriname. I know FID is not expected until late 2024 and this might be a bit premature, but when do you think that further exploration could occur within Block 58. And I recognize that Total is the operator here. So maybe a better way to frame it would be when would APA like to further explore Block 58 and maybe if you could even speak on Block 53.
John Christmann: No, it’s a great question. The focus this year was appraisal of Krabdagu, so we could start a project in terms of getting it moving into the next phase. And we’re in a position to do that now. We do see several high quality, low risk prospects in Block 58. A lot of the program at Krabdagu that obviously appraised that fairway also de-risked in our mind a lot of prospects. There’s no urgency in terms of getting to them in 2024, but we will be working through those with our partner. And when I look at the two blocks, we see more prospectivity in 58 over 53. We’re working with our various partners there on the next steps at Baja, but I think we would see more prospectivity in 58 over 53 at this point.
Operator: Please standby for our next question. And our next question is from Scott Hanold with RBC Capital Markets. Scott, your line is open.
Scott Hanold: Yes. Thanks. My question is going to be on just general exploration. I mean, obviously you got Suriname going on, but more recently, you’ve kind of farmed in a position in Alaska. And on top of that, obviously you’ve got different things in Uruguay and Dominican Republic. Can you tell us in general, just first maybe starting with Alaska and then how you think about these other prospects moving forward for APA?
John Christmann: Alaska fits our exploration strategy and that is trying to build a high quality portfolio. We’ve got a proven operator, its state lands, very, very prospective acreage and it’s something we look forward to sharing more in February. And it’s all about a portfolio on the exploration side and having choices to high grade and drill the best things that are going to create the most shareholder value.
Scott Hanold: So when I think of APA, and look, I mean it seems to be in contrast with some of, I guess, your U.S. or even just E&P peers where there’s a lot of, I guess, M&A going on there for domestic shale. But it looks like APA is taking a little bit different angle or is there still a desire to potentially maybe even bulk up in the Permian or other focus areas where you do have more, I guess, proven production at this point?
John Christmann: Yes. I mean I think we like to look at both avenues, both the organic and the inorganic. And we stayed committed to an exploration program and you’re seeing that pay off in Suriname and longer-term, but I also think you saw us last year bolster some acreage in the Delaware. So it’s a diet of both that you’re constantly looking at and you’ve got to continue to focus on adding to the assets as well as what can create value for your shareholders.
Scott Hanold: So when you look at the Permian Basin, do you all feel at a five, six rig pace? You’ve got — what you’d say ample inventory of kind of Tier 1 stuff?
John Christmann: Yes. I mean, I think with where we sit today, five to six rigs, David say, into the decade pretty easily. And that’s focused on higher quality, longer laterals and we’re always — we’ve got a nice footprint that we’re always moving inventory from one category of up into the high graded as we continue to test and find ways to make it all work, so.
Operator: Our next question comes from David Deckelbaum with TD Cowen. David, your line is open.
