Tim Moore : No, that’s great. I mean I really think it’s going to be very good. I can’t wait to hear a couple of years from now how many thousands of those you’ve sold because like you said, it’s not going to cannibalize, it’s incremental. So that’s a really good design there. And maybe just following up on international expansion. I know you get asked this a lot, I think I asked last quarter. I know it’s only maybe 4% to 5% of sales, but such a good untapped opportunity for you. Can you give any color maybe on some of the countries where you’ve done some demos and pilots the last couple of quarters, and where you think might be the focus countries the rest of this year?
Ann Fox: Sure. So as you know, we sell into about 22 countries, but the majority of our sales will be in the Middle East region as well as Argentina. And so when you think about the Middle East, you’re talking mostly about the UAE, as well as Saudi.
Q – Tim Moore: Great. And how do you like to handle capacity for the country, I mean it seems like it could be full up demand there. Are you — I mean I guess, you’re probably working hard to add extra capacity as orders come in and you’re able to satisfy them.
Ann Fox: Yes. We have not had a problem with that, thus far. So I think we do a really good job of managing that supply chain. So, so far that’s not been a bottleneck.
Q – Tim Moore: Great. Great. Just two other quick questions. I know, you reiterated the capital expenditure guidance this year $15 million to $20 million, you spent almost $6 million in the first quarter. What point this year? I mean, would you decide, if you might be more towards the lower end or the high end of that range, you probably will wait to see how things shake out this summer and then maybe finish your CapEx budget September October?
Ann Fox: Right. So, it’s a great question. So we’ve guided the market $15 million to $25 million, with a back-end loaded range. And if for some reason this summer, we don’t see any turn in anticipated gas pricing coming into the winter season, then obviously, we’d make adjustments. So we’ve purposely planned flexibility to do just that. So I think we’re all waiting to see, what is the weather shape out like ,where is gas production fall and what do those gas prices look like. So we’re ready to make those changes. And as you know, we’re always very flexible here, with CapEx.
Q – Tim Moore: Great and thanks a lot. And that’s it for my questions. Ann and Guy, appreciate it
Ann Fox: Thank you.
Operator: Our next question is from John Daniel with Daniel Energy Partners. Please proceed with your question.
Q – John Daniel: Hey, Ann. Hi there team. Just one for me. And we had several of the E&P companies this quarter, talk up opportunities on the refrac market. And I’m just curious, how you see that opportunity set over the next few years? And is it…
Ann Fox: Well – Good morning, John. Thank you. That’s a great question. I think you’ve started to see some of our public companies actually make this part of their program, and talk about it routinely. So the technology has changed here a lot. We actually forecast refrac into our business now. We’re one of very few companies in the US that offers this solution. So, this is a wonderful niche market for us, and we’re really excited to continue to see it grow. We’ve experienced certainly a lot of growth last year. We’re looking forward to more growth this year. So, very promising market. They certainly are looking at it from a production capacity, we’re also aware that these are obviously cleaner barrels. So, all the way around, these refracs are making a ton of sense and we’re seeing wonderful results thus far, with our refrac technology.
Q – John Daniel: Okay. That’s all I had. Thank you for including me.
Ann Fox: Okay. Great. Thank you so much.
Q – John Daniel: You bet.
Operator: This concludes…
Ann Fox: Okay. Great. Thank you for your
Operator: Go ahead, Ann.
Ann Fox : I was just saying, we wanted to thank our employees and our E&P partners and investors. Thank you all so much.
Operator: This concludes today’s conference. You may disconnect your lines at this time and we thank you for your participation.
