Jeff Robertson: One question, if I can on the CCS? Does the acreage expansion at Beaumont, Port Arthur, and these 1 billion tons of storage capacity? Is that an important aspect both in terms of cost and being able to show potential emitters that you’ve got the sink to take their CO2? Does that help advance some of those discussions with emitter, either Tim or Robin?
Robin Fielder: Absolutely. It’s great to have built-in backup storage sites that is apt for our customer base to show that we’ve got multiple places in our portfolio where we can take the CO2 and certainly having it situated close to those two markets is very important, that’s the low-cost nature that we’re trying to be competitive here.
TimDuncan: Yes, I think Robin has talked about in the past, operational assurance as a criteria for the customer base. And so when you can show you have redundancy when you can show you have multiple options that turn, that take some risk off the table for the emitter as well. And so, yes, it’s important that we have a leadership position both in the strength of our partnership and the size and capacity of our storage asset when we’re talking to the broader marketplace in these big hub areas.
Jeff Robertson: Thank you.
TimDuncan: Thanks.
Robin Fielder: Thanks.
Operator: Our next question comes from Leo Mariani with MKM Partners. Please go ahead.
Leo Mariani: Hey guys, I was hoping to see if we get a little bit more of a fulsome update on Zama. I guess in a handful of weeks, you guys are kind of approaching the deadline for FID here. I know you guys have been talking about potential joint operatorship of that project for a while, does it seem like it’s going to come to fruition here?
TimDuncan: Yes, it’s getting closer. I mean, look, there’s probably more collaboration than we’ve seen in a long time, which we think is great for the partnership. It took some time to get Pemex fully caught up in what we’re doing when we were the operator. And look, we’re supporting them in every way we can to get them prepared to put in the final development plan. So just to kind of a little point there, Leo, just to make sure we have it accurately. The deadline is for the partnership through Pemex to put in the final development plan, then it goes through the regulatory C and H approvals and then after that, you can reach FID. So this step, which is a huge step is to get everything in front of the government. And, then yes, we’ve been focused on integrated project teams and I think as we can get everything put in place get everything rolled out, we can talk to the market about ultimately what it all looks like, but I think the level of collaboration is fairly strong.
And again, all that’s positive for the project.
Leo Mariani: Okay, that’s good to hear. Can we get a little bit more information on Pancheron? Do you guys have any type of pre-drill estimate in terms of how big that can be, I know it’s 30% interest for which is I think pretty close to what your target is on these exploration-type prospects, but just trying to get a sense, is this something that could be a couple of 100 barrel — barrel type of gross project here and I’m assuming this is oil as well?
