Roman Rossi: Great. And the second question is regarding the Dutch offer you just announced. Are you expecting to initiate and complete in first quarter of 2024? Or are you assuming that you will have some of this during the second quarter of the year?
Jaime Caballero Uribe: Yes. Thank you. Thank you, Roman, on that. The Dutch auction in — I think the overall context was provided by Andreas in his opening remarks. In terms of the execution, what we are seeing is that this should likely occur. We’re going to initiate it in the next few weeks. I think there’s some time dependencies around that. We need to have that open for a 20-day — business day period. So that probably means that the execution of the Dutch auction is going to be completed around mid-April, mid- to late April. That’s what we would expect. So that’s the time frame that we’re operating with at the time. Thank you.
Roman Rossi: Okay, awesome. Thank you.
Operator: Thank you. We have a question from the webcast from Daniel Guardiola at BTG Pactual. Good morning, Andres and team, two questions from my end. Can you share with us what is the declining rate of LLA-24. And how do you foresee CPO-5 evolving? Thank you.
Martin Terrado: Good morning, Daniel, this is Martin Terrado again. If we talk about Llanos 34 and the decline for 2024, we basically see flat production on that field. The base production decline is around 20% to 25%. But with the activity that we got going on with two rigs drilling horizontal wells, injector wells and some vertical wells plus some conversions on water injection. Our view is that we’re going to stay flat throughout the year for Llanos 34. Talking about CPO-5, we’re excited about the well that is coming Indico-3. It’s a well that is a development well, the last development well of the Indico. Indico continues to be very flat and good production. All the wells are flowing naturally, around 23,000 barrels of gross — so in this well, we expect order of magnitude something similar to the previous wells.
So that’s the short term that we got. The rig will continue throughout the year. So as we mentioned on the previous question from the well Indico-3 we’re going to go back to the Halcon, Perico area and drill seismic — and then after that, we will drill an exploration well called [Indiscernible] followed by some additional appraisals in Cante Flamenco and then based on the results that we continue to have some additional drilling in the continuation of Jacana, Tigana.
Operator: Great, thank you. We have a couple of more questions from Daniel. Are you actively looking at the assets that Exxon is disposing in Vaca Muerta in Argentina? The next question, can you confirm what is the expected capital return yield for 2024 combining dividends, regular buyback and the extraordinary buyback of $50 million. Thank you.
Andres Ocampo: Thank you, Daniel. Yes, I mean, as you know, we have an active portfolio of opportunities that we’re looking at throughout Latin America Vaca Muerta is probably the most or one of the most attractive onshore oil plays in the region, one of the most underdeveloped ones. So obviously, looking at opportunities in a place like that is important for us, and we’re effectively looking at ideas there. And yes, that’s one of them. And — so it sounds like an interesting opportunity for a company like us.
Jaime Caballero Uribe: Daniel, with regards to yield, currently, given our dividend — our expected dividend distribution, we’re talking about a yield that’s around 7%. When you consider the continuity of that through the course of the year and buybacks, the Dutch auction that we recently announced and obviously subject to stock performance throughout the year, what we would be anticipating is a yield that may end up being in the 13% to 15% type range. That’s what we would expect. Obviously, contingent on stock price performance throughout the year and how these buybacks perform.
Operator: [Operator Instructions] It appears we have no further questions. I’ll now hand back to Andreas for any closing comments.
Andres Ocampo: Thank you, everybody, for your interest in GeoPark and your support. We’re always here to answer any questions you may have. So please feel free to reach out, and we encourage you to visiting our field and our operations or call us any time for further information. Thank you, and have a good day.
Operator: Thank you. This now concludes today’s call. Thank you all for joining. You may now disconnect your lines.
