Paul Cheng: For the option on the biggest field facility, is there a timeline in terms of when you have to make a decision at all that you use the option or your separate? Can you remind us?
Avigal Soreq: Yes. There is no there is no timeline for that. The option is exist and there is no way timeline for us to make a decision. It’s more when the opportunity presents itself, if we find that the constructive and beneficial for shareholders, we do it and vice versa.
Paul Cheng: All right. We do.
Avigal Soreq: Yes.
Joseph Israel: Thank you.
Operator: The next question is from Jason Gabelman with Cowen. Please go ahead.
Avigal Soreq: Hey Jason. Thanks.
Jason Gabelman: Hey, morning. Just wanted to clarify something on Paul’s question. Is the Bakersfield Renewable Diesel asset? Is that up and running? because I thought there was the kind of option is once it’s up and running. So, just to clarify that.
Avigal Soreq: No. It’s not. There’s still no planning.
Jason Gabelman: All right. Thanks. My questions the first one is going back to the trading supply and other line item, and I appreciate all the color and the run rate guidance forward is helpful, but I guess if I look last year, 1Q 2022 was over negative a $100 million each quarter versus kind of the $60 million positive run rate you would expect. So, I was hoping you could elaborate on what drove that massive delta between the expected run rate and what you reported in the first half of 2022. And even in 1Q 20123, that that’d be helpful. Thanks.
Avigal Soreq: Yes. So, we changed few ways. We are showing DKTS in the last year and a half or so. So, I think that the guidance that Joseph gave going forward is more — going to be allow you to model that better going forward versus looking on the past. In the past, it had different objective around the entities and when we streamline processes, we made it a bit more clear. And that’s part of the reasoning that Joseph gave a much more clear guidance around that. You can all feel comfortable that it’s around the asset and there is a big part of that is sustainable.
Jason Gabelman: Okay. So, if I understand what you’re saying, there were other activities within that bucket that you’re no longer engaging in to the same extent you were over the past year and a half. Is that fair?
Avigal Soreq: That’s fair.
Jason Gabelman: Okay. Thanks. And then my follow-up is just on the strategic reorg Mark, thanks for the color. Should we should we expect an update before the end of the year? Is that a reasonable expectation for the market?
Mark Hobbs: So, I said that in my remark earlier that the executive compensation has a big component around the some of the parts. So, you understand that everyone motivation is around that and everyone focus is round that. But we are going to make the right transaction for the company and we try to balance between fast and the right transaction. So, we’re on the same boat. So, we want it. We have the right incentive in place to make everyone want it. We have the right plan in place to make it work. We just need to make sure that that’s what we committed and that’s what we want to happen. So, it’s a big decision. we’re going to make it right.
Jason Gabelman: Okay. Thanks so that.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Avigal Soreq for any closing remarks.
