Josef Schachter: Okay. How many locations do you still have an area for drilling?
Sebastien Morin: Sorry, just to clarify that question, in which area?
Josef Schachter: We’re talking about Putumayo [Technical Difficulty] the CYC discovery?
Sebastien Morin: Yeah. So out of the 147 2P locations that we have, there is still 26 locations identified for Costayaco, Moqueta, for example. And then at Suroriente we’ve got an additional 30.
Josef Schachter: Okay. That’s good [Technical Difficulty].
Ryan Ellson: Well one other things, Josef. One other things that Sebastien and the team are looking at on Costayaco, we’ve got some very good results with our reservoir modeling and targeting unswept areas. That’s what’s outperforming at Costayaco in the north. We have another area in the southern part of the reservoir along strike that we’re going to try to target this year. So we’re — that’s why we’re excited about Costayaco.
Josef Schachter: Okay, good. One last one for me. With the flow in the moderate [Technical Difficulty] in the past you’ve talked about maybe you talked about maybe new area in Minot [Technical Difficulty] analyze everything and get it right briefing. Have you had any thought for here that you had the new app [Technical Difficulty] company?
Gary Guidry: Yeah. The answer to that is that we are always looking for opportunity. We don’t see anything specific at the moment, but our business development initiatives are all long-term. And so we’re looking always for ways to increase value of the company, but we don’t have anything specific on the horizon.
Josef Schachter: Okay. That’s it for me. Thanks very much and [Technical Difficulty] with the success in the drilling [Technical Difficulty].
Ryan Ellson: Thank you.
Operator: Thank you. [Operator Instructions] We have [indiscernible]. Your line is open.
Unidentified Analyst: Hi, thanks for taking my question. So you mentioned that $36 million of the $100 million that was used for the credit facility. Where will be the balance used?
Ryan Ellson: Yeah. On the — so out of the $100 million, the net proceeds were around $88 million, $35 million went to repay the facility, as you pointed out. And the remainder would it be cash on the balance sheet right now.
Unidentified Analyst: Okay, thank you.
Ryan Ellson: Thank you.
Operator: And our next question coming from the line of Alejandra Andrade with JPM. Your line is open.
Alejandra Andrade: Hi, thanks for taking the question. Just a quick one for me, confirming that after you repaid the committed line, you don’t have any available lines at the moment, correct?
Ryan Ellson: Correct. Correct. We repaid it and then terminated. We are looking at a working capital facility which coincided better with the business and some of the ebbs and flows of our cash outflows and inflows. But right now, we have nothing in place and we’re comfortable just with our free cash flow and cash on the balance sheet.
Alejandra Andrade: Great. Thank you.
Ryan Ellson: Thank you.
Operator: Thank you. And gentlemen, there are no further questions at this time. Please continue.
Gary Guidry: Thank you, everyone, for joining us today. We look forward to speaking with you over the next quarter and update you on our ongoing progress. I would like to thank the entire Gran Tierra team for their hard work in 2023, the fantastic results and to our shareholders for their continued support. Thank you.
Operator: Thank you. Ladies and gentlemen, that does conclude our conference for today. Thank you for your participation. You may now disconnect.
