Michael Blum: Thank you. Good morning, everybody. I wanted to just stay on Payra for a minute. Wondering if you have just like a ballpark cost at this point for the project, assuming it goes forward and any updated outlook on what the economics could look like?
Steven Kobos: Sure, Michael and thanks for joining us. Appreciate it. I would just comment, I believe I said the mandate letter, we’ve signed on the financing was for a significant portion of the debt, that’s still contemplates a bit of scope or variation, especially on the onshore part of the project since the scope hasn’t been finally determined. Daniel, you want to add any color for Michael.
Daniel Bustos: Yes, Michael, this is this one of the very interesting positions that we have in Bangladesh and for example on the design of the onshore pipeline, which is a substantial part of the investment. We actually don’t have exactly what level of participation, we’re going to have and the reason for that is because we’re collaborating with Petrobangla which is our counterparty to design the pipeline that they need. That also is going to give us ample flexibility to take an optimal position on the investment, at this point we’re not closing on position exactly where we want to see it. But we are aiming clearly have a good level of participation with exceeding our capital involvement. In terms of return, I think as Craig has pointed out, and we have pointed out in the past, we still aim to have three to five times EBITDA.
We see of course, the lower EBITDA multiples related to gas sales to, but I think that there is still healthy range now we feel comfortable that we can execute on it, yet again on the combination of infrastructure plus gas sales.
Michael Blum: Okay, great, thanks. Thank you for all that. And also wanted to just ask, I know you’re not providing a specific growth CapEx estimate, but I’m wondering if you could just kind of bucket the opportunities that would drive that growth CapEx number throughout the year. That’d be helpful? Thanks.
Steven Kobos: Dana, I was – let you comment on this one.
Dana Armstrong: Yes. Unfortunately, Michael, there’s not a lot of information, we can share at this time, I mean obviously we purchased our Sequoia you know, that will impact our CapEx in the second quarter but in terms of growth CapEx beyond the maintenance CapEx that we have already got it. We really don’t have anything we can share at this time. As we stated them on the call when we have something we could share we will definitely be happy to share with you guys, but unfortunately just – we’re not in that position right now.
Michael Blum: Okay, thank you very much.
Operator: Thank you. We currently have no further questions. So I’ll now hand back over to Steven Kobos, President and CEO for closing remarks.
Steven Kobos: Thank you again to everyone who joined us on today’s call. We appreciate your interest in Excelerate Energy and I look forward to providing you with additional progress updates in the coming months. Until then, as always if you have any questions please feel free to reach out to Craig Hicks, our VP of Investor Relations. Thank you.
Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.
