Tim Duncan: Yes, look, I think some of the timings of these shut-ins and some of this downtime, I mean, look, you can beat the schedule. We might have two weeks and something, and realize you can beat it by four days and get the production back a little sooner. I think there’s some performance in a couple of assets that could surprise to the upside. We had some declines in the Tornado field last year, and some of that has stabilized and surprised to the upside. And so I think it’s always a combination of how your assets performing. How are you managing the downtime? Can you beat the schedule? There could be some natural slippage, which actually could be potentially a benefit for this year, and then we can model it through kind of into next year.
So we’ve gotten to where our asset base, Subash. Again, you should think about this as 100,000 barrel equivalent a day business. And when you have that asset base, things move around across all these assets with some upsides in some areas and then again some downside risk if a third-party pipeline calls us out of the blue and we realize the field shut-in and we didn’t get a lot of warning on that. So we’re going to do our best to be transparent about it quarter-to-quarter. It’s hard to be predictive when I think three-quarters out. And that’s why I think we’ve talked about annual guidance. And then as we enter the quarter, we’re going to talk about quarterly guidance as opposed to layout guidance for all four quarters, when these things can move around.
And again it’s a little less in our control.
Subash Chandra: Got it. And to that, the odd job project non-audit when do you see that sort of coming back? Or I guess, enhancing volumes?
Tim Duncan: Yes. No, that’s a subsea pump, right, with Kosmos. It’s Kosmos. Yes — look, I look, I think that’s Kosmos question. I think it’s on track, and I certainly don’t want to speak for them. We don’t have as much exposure to that. So it’s not something, I think we’re around 17% if I remember our working it just right. So it’s not something I’m following day-to-day, but my understanding is on track. And I would tell you just the technology of that is really, really interesting. You know, the ability to lower the overall reservoir pressure, that’s been a high-performing asset. I know it’s important in their portfolio, even at 17%, it’s important in mine. But kind of giving you the date and time, probably a little less certain than the operator. Probably a better question for those guys.
Subash Chandra: I appreciate that. Thank you.
Tim Duncan: Good.
Operator: [Operator Instructions] There are no questions at this time. I now hand the call back to Tim Duncan, CEO. Please go ahead.
Tim Duncan: Thanks, operator. Look, great questions. Good Q&A. It’s good to see with more people covering the story, we’re going to get more questions, and we appreciate those. And we want to be transparent. We want to give the right amount of color so people understand our business. Really happy with the first quarter, happy to see production, EBITDA, CapEx, free cash flow, kind of all ahead of consensus. Four transactions, refinancing the debt, driving down our cost of capital. I mean, all those are important milestones as we reposition the company. I’m excited about the second quarter. I’m excited about the rest of the year. And so we should have some good calls throughout. So thanks for everyone’s attendance, and we look forward to talking to all of you soon.
Operator: Thank you. This concludes today’s call. Thank you for participating, you may all disconnect.
