Stefano Goberti: Thank you, Massimo. The guidance is confirmed, €1 billion of EBITDA. Of course, we are going ahead well with our progress in the strategy. So, you’re right, we have 3 gigawatts of installed capacity, and we are working on 2 gigawatts of installation in 36 different projects across our operation areas. And also in retail, we are doing good process — progress in our strategy and performance, especially in Europe. So, for the time being, everything has been doing well, and we promised €1 billion. We target this €1 billion.
Francesco Gattei: On the buyback, you know that we started the buyback as soon as we have received the approval by the AGM. It can last up to the following year up to the month of the same year, so March and April of the next year. That is the period we are looking at. And clearly, it will depend on the evolution of the business of the scenario. But you have to consider as a preliminary estimate of this, let’s say, a 10-month period as a reference.
Operator: The next question is from Bertrand Hodee with Kepler Cheuvreux. Please go ahead.
Bertrand Hodee: Yes. One question left. It’s on Ivory Coast. Can you give us a bit more color on the Calao discovery and the optionalities behind that discovery? And just still, it was on a different block from Baleine. So, what’s the next step on Calao or more broadly on Ivory Coast exploration program going forward?
Francesco Gattei: Aldo Napolitano will do exploration, and then Guido will give the broader view on Ivory Coast.
Aldo Napolitano: Yes. Yes, the Calao discovery is a new discovery. It’s a discovery in a different play than Baleine. So we think we — so we have demonstrated that there are many options actually in Ivory Coast in terms of exploration. On — so new players like the kind — the one of Baleine or the traditional play, if you like, in the case of playing geologic theme in the case of Calao that is coming from the experience that we have done also in neighboring basins. So, we have exported the experience that we had there. So, we believe there are opportunities. So, we — you have seen, I guess, in the case of Baleine. So we have got also acreage addition to the discovery itself. We have some more acreage also around Calao. So, we will work on defining new opportunities.
For what consumes Calao itself, it’s quite a large hydrocarbon accumulation that we require some appraisal activity. So, we are working on different scenarios for development, depending on the — what will be the final results from the data that we will acquire. So, I leave to Guido to complete.
Guido Brusco: Yes. So, this is Calao and the new discovery. And on Baleine, we are running full steam now with the Phase 2 of the project, which would come on stream by the end of the year with an additional production of about 40,000 barrels of oil, which would add to the 20-plus — 22,000, 23,000 barrels, which is the current production of the Phase 1, which is largely exceeding the initial expectation. So once the Phase 2 will come on stream, we’ll have an overall production for oil between 60,000 and 70,000 barrels of oil per day and gas production of about 70 million standard cubic feet per day. While we are executing the Phase 2, we are in the feed procurement phase for the Phase 3, where we expect in the, I would say, by beginning of 2025 to make a decision on an investment. This will be an FPSO, a stand-alone FPSO and would bring the total production of oil to 150,000-plus barrel per day and gas to 200 million standard cubic feet per day.
Francesco Gattei: I think that we have completed the call. I would like to thank you for all the questions. And clearly, we will leave you, if you have any additional request, to be in contact with our Investor Relations team for all the additional information that you look for. Bye. Thank you.
