Alejandro Demichelis: As a small follow-up, because Andrés, you mentioned the [Indiscernible] you didn’t mention the [Indiscernible] outcome. Could you give us some kind of range on the [Indiscernible]?
Andrés Ocampo: It is more or less 25, 30 feet, which is similar to what we’ve seen in other parts of being that formation in other parts of that area. So it’s more or less within what we expected.
James Deckelman: And just adding to that, that well also intersected no water contact, which is very, very important as well.
Operator: Next question comes from Stephane Foucaud of Auctus Advisors.
Stephane Foucaud: I have got a few. First looking at 2024 production guidance. Given the level of activities and the new [feed] entering production, it looks a bit conservative. So I was wondering whether you could give us a sense of why you would expect production to be at the end of 2024 when the Llanos 123, 87 and Ecuador are in full production that would help us, I think, me to have a view on it where 2025 could be in production? So that’s my first question. Second, on 123 and 87, what do you think from what you see so far and the development program, what do you see being the production capacity of each of these fields [indiscernible] bit early stage, but you might already have some sense of that? And lastly what — do you expect to pay any cash tax in Colombia in Q4 ‘23? And if yes, how much?
Martin Terrado: I’ll cover the first one around production exit for 2024 and then I’ll pass it on to Andrés and Veronica again. So for 2024, as Andrés mentioned in the initial remarks, the average will be 37,000 to 40,000 barrels of oil equivalent per day. And as you can imagine next year, it’s going to have significant appraisal activity in this cover field. So the exit will depend on the learnings and the results of these fair ways that we will be appraising. In Ecuador, we’re going to be drilling between two and seven appraisal wells. In Llanos exploration, three to nine wells. So at this point, that’s as much as we can share.
Andrés Ocampo: So I think Stephane, both the first and second question, this is what is different about next year’s program is that it has a — maybe a more significant component of delineation and appraisals than maybe in the past couple of years. I think in the past couple of years it was either development or new exploration and it was very easy development, we associate production and exploration. We don’t. In delineation and appraisals, there’s some risking associated with it. And you can see that the range of activity on each one of this delineation place is pretty wide. I mean, some of it goes to, I think in Ecuador we’re going to do something like two to seven wells and I think in Llanos exploration goes from three to nine wells.
So that’s a pretty wide range. And the reason for that is because we’re in early stages. We’re seeing what we’re seeing is encouraging. We hope we can be on the upper side of the range. And if we are there, then yes, we would be on the de-risking side of the play. And hopefully what that brings is a lot more upside on the production side than what we’re showing in our guidance. So probably that is the main reason why it sounds a little odd, the level of activity compared with the level of production that we’re showing. Also part of the production as it was mentioned by Martin, it is offset by three assets that we have that are producing today collectively something around 4,000 barrels a day that are not getting any capital associated that are going to be declining.
So that offsets a little bit the corporate production growth.
Veronica Davila: So as you well know, income taxes in Colombia are paid primarily in the second quarter. So the bulk of our cash taxes we have already paid for this year. Now on every quarter we do have withholding taxes that are part of that cash tax payments. And so if we look at the fourth quarter, we would expect on and about $10 million to $20 million of those to be paid for during the quarter and that is included and in line with the guidance we’ve provided previously.
Operator: [Operator Instructions] I’ll now hand the call back to Mr. Andrés Ocampo for any concluding remarks.
Andrés Ocampo: Thank you everybody for your interest and your support, and we’re always here to answer any questions you may have. Please reach out and we encourage you to visit in our fields and our operations or call at any time for further information. So thank you, and have a good day.
