Gary Chapman: Well, I think the current unit price prevents us from doing it from an equity perspective. The last two drop downs we’ve done have been internally financed through sale and leaseback. So to say that we won’t ever do a dropdown, there might be alternative methods to get value into the business and we’re always looking at those. So I think it would be wrong to make any firm judgments on what we should and shouldn’t do. And besides it’s a question that the board will look at and do look at every quarter because they’re trying to maximize the value of the business. And I think it would be wrong to rule anything in or rule anything out. But I understand what you’re saying. And certainly, it’s the board are aware of the position that we’re in.
Robert Silvera: Okay. Well, thank you very much for your efforts. I’m sure they were totally sincere over the years that I’ve talked to you. We’ve been shareholders actually longer than you’ve been the head of the business. So good luck in your future endeavors.
Gary Chapman: Yes. I may still be here for the second quarter. I’m not sure yet, but we’ll see.
Robert Silvera: Okay. Well, God bless you. Bye-bye now.
Gary Chapman: Okay. Thank you.
Operator: There has been a follow-up question from Poe Fratt of Alliance Global Partners. Your line is open. Please go ahead.
Poe Fratt: Hey, Gary. Just to confirm, did the balance on the revolver, the $55 million revolver, according to my records, it was $30 million was drawn on that at year-end. Did that change at all in the first quarter? And should we — I guess an easier way to say it is how much of the $55 million revolver will be rolled into that term loan on the six vessels going forward?
Gary Chapman: Yes. No. I mean, disclosed in our 20F at December 22. $55 million was fully drawn. So it will all be rolled.
Poe Fratt: Okay. Great. So I ate broken out into two different ones. So Thanks for your help.
Gary Chapman: Yeah. No problem.
Poe Fratt: Oh, Gary. Just to confirm that — Gary, if you wouldn’t mind, on the $55 million revolver, there was no amortization, but the amortization on the previous term loan was about $7.5 million. So essentially you’re saying that the amortization of $7.5 million will be the go forward amortization, but the loan will be essentially that much bigger than I guess is that a direct way to look at it?
Gary Chapman: Poe, can I come back to you on that detail? I don’t want to tell you the wrong thing. I need to double check which way around that is.
Poe Fratt: Okay, great. Thank you.
Gary Chapman: Thanks.
Operator: Thank you. I show no additional questions. At this time I’ll hand the conference back over to Gary for closing remarks.
Gary Chapman: Well, thank you everybody else for listening and please do have a good day. Thank you.
Operator: Ladies and gentlemen, this concludes today, KNOT Offshore Partners first quarter 2023 results conference call. Thank you for joining. You may now disconnect your lines.
