Ryan Ellson: No. No. There is not.
Juan Cruz: They’re in treasury and that would remain in treasury for index inclusion purposes?
Ryan Ellson: Correct.
Juan Cruz: Okay. Thank you.
Ryan Ellson: They’re already at liquid enough, so we don’t want to do anything anymore to average.
Operator: Thank you. Our next question comes from Roman Rossi with Canaccord Genuity. Please go ahead.
Roman Rossi: Thank you very much for taking my question. Just a couple. The first one is regarding the buyback program. I just wanted to check what happened if you reached the limit of the program? Are you able to initiate a new one? And the second one is, last year, you mentioned you wanted to have a cash balance of around $100 million. I just wanted to check if that’s the guidance change? Thank you.
Ryan Ellson: Yes, we can renew the program once we fulfill — once we buy up to the maximum, which we would look at renewing afterwards, which would be good for a year. And then on the cash balance, we always target $75 million to $100 million in a cash balance. And that hasn’t changed.
Roman Rossi: Okay, perfect. Thank you very much.
Ryan Ellson: Thank you.
Operator: Thank you. Our next question comes from Chris Dechiario with Marathon Asset Management. Please go ahead.
Chris Dechiario: Yes, hi. Thanks for the call. Just wondering, I mean, what your current view is or outlook is on potential restrictions on exploration going forward? I know there’s been a lot of talk from various people in Colombia. It’s sort of hard to tell where it’s going to end up. But I mean, how are you looking at that? And does that affect your plans? Is that affecting maybe your thoughts on acquiring assets outside of Colombia? Give your thoughts on that.
Gary Guidry: Yes, we have a great portfolio of exploration lands, and we have plenty of work in front of us for the next five to five years. We also have some very exciting lands in Ecuador as well. So, in terms of exploration, we realize there have been some announcements in Colombia about no new exploration lands. We get that. But it’s no impact on what we’re doing in our five-year plan as we go forward in Colombia. I mentioned Ecuador, the answer to your question is, we are looking at some other basins. We have a very strict criteria in what we invest in globally. And we are looking at some opportunities in Africa, the Middle East, where we believe that we can not only expand our value portfolio, but diversify and mitigate risk. And so, the answer to your question is we’re very happy with our exploration in Colombia, but we’re also looking at other opportunities in other basins.
Chris Dechiario: Great. Thanks.
Operator: Thank you. Gentlemen, there are no further questions at this time. Please continue.
Gary Guidry: Thank you. Thank you, Andrea. I would again like to thank everyone for joining us today. We look forward to speaking with you over the next quarter and update you on our ongoing process — progress. Thank you.