Philip Choyce: Yes. If you recall, the only way you could get us, in the fourth quarter to get a super, an additional rig was to take our rig on stack or reactivation. And all of our intelligence and what we are seeing is, that’s an $8 million to $10 million investment by the drilling contractor, we are requiring contractual payback, a lot of operators just couldn’t for a lot of different reasons were willing to sign a year or longer contract that would require that. So obviously, those opportunities, they have an opportunity to take a rig that maybe they didn’t €“ maybe didn’t have a chance to take before. And then obviously, after the market settles, if the rig count does tick-up again, they will be back and if they need incremental rigs, and they are going to have to come back out from reactivation. So, we will have to see when that occurs.
Anthony Gallegos: Dick, I would also add, our marketing team, Scott, Mark, they did an amazing job. And some of the opportunities that we are contracting today with the rigs coming out of the Haynesville are opportunities that you wouldn’t see on any active customer chart. So, there are guys that wound down a program in the first half of last year they were idle, or maybe they couldn’t get their hands on a super-spec rig in the back half of the year. And now we are in a New Year, new budget season. Like said, the guys did a great job, stayed in touch with a whole wide array of customers. And we are being very, very successful there. In addition to increasing the number of multi-rig clients that we have guys that we have been working for, that have maybe an underperforming rig, not a rig of ours, but someone else’s.
And okay, we go to them with a sister rig, like what’s already there. And we have been able to execute that here in the first part of the year. Like I have said, it’s kind of churn in the basin, so you won’t see it. But as we look out over the next couple of quarters, we are going to look to try and create more of those kinds of opportunities like that. And we are in some pretty good discussions right now around those opportunities.
Dick Ryan: Okay. Great. Thank you and congratulations.
Anthony Gallegos: Thank you so much Dick.
Operator: The next question is a follow-up from Jeff Robertson with Water Tower Research. Please go ahead.
Jeff Robertson: Thanks. Anthony, you mentioned the refinancing window for the pick notes. But can you just talk about the options that going into that window with much stronger balance sheet as you talked earlier, push the 21st activation out and build cash and improve the metrics on the balance sheet? What kind of options that will give you as you think about alternatives to refinance the notes into something a little more conventional?
Anthony Gallegos: Yes. We are kind of limited in what we can do right now outside of negotiating something with our creditors, our creditors or great partners, Jeff. As you know, we put the convertible note in place, about this time last year. And we want to €“ we are going to have to build cash. And we are going to have to take advantage of these mandatory redemption opportunities that we have. And make sure that we continue to build cash as we enter this defeasance period and
