Craig Shere: Got you. So, to the degree we defer some of these emerging market opportunities that Steven was referring to out a couple of years, the work you’re doing in Europe doesn’t have the same development expense. So, we should have some comparable improvement versus what we thought maybe two or three quarters ago heading into €˜23 perhaps.
Steven Kobos: Craig, and by the way, it’s good to hear you on one of our calls, and thanks for joining. I appreciate it. Always glad to have Tuohy Brothers around. I don’t want to act like it’s any big shift that we’re talking about. The reality is, as we’ve discussed many times, you’re continuing to see pricing on long-term LNG. You’ve seen some indications just recently that it doesn’t look like it’s been affected by the war in any meaningful manner. And without getting too much into the weeds now, you’re seeing IMF and others assisting some of these entities in APAC and elsewhere reentering, in fact, the short-term LNG spot market. We look to see some of that in 2023. So, I don’t want to suggest that we’re looking at a long-term shift in those APAC markets.
I think Dana used the phrase sequencing, and that’s what we really think about. This is a sequencing. If there is any sort of shift, it’s just in terms of how we can advance on all fronts. But our focus has very definitely been for the past few months to get bodies on the ground in Europe to form gas marketing entities in Europe and do that sort of thing. So, it might have some adjustment in €˜23 spend, but I don’t want to suggest that there’s any loss of support or enthusiasm for APAC. Absolutely not.
Craig Shere: Right. And just a little net, I apologize, and maybe I got it wrong, but did I see correctly that the year-to-date nine-month cashflow reported investment in PP&E was lower than in the first half?
Dana Armstrong: I don’t think so. It was 60 – sorry, I don’t have the numbers in front of me right now, but no, it wasn’t lower.
Craig Shere: Maybe we could take it offline. I’m just trying to understand the net spend.
Dana Armstrong: Well, we had – yes, sorry. So, what – yes. The second quarter included the $25 million for the Excelsior purchase. So, that would have been the difference there. That was reported as PP&E. We bought the two vessels. We bought the Excelsior and the Excellence with our proceeds. The Excellence was reported as financing, because that was a lease, but the Excelsior was a PP&E. so, that was the driver there. So, yes, that makes sense.
Craig Shere: Got you. Thank you.
Operator: Thank you. There are no further questions at this time, so I’ll hand you back over to Steven Kobos for closing remarks.
Steven Kobos: Well, thank you again to everyone who joined us on today’s call. I hope, as you can see, we are pleased with the progress we’ve made to date. We look forward to providing you with additional updates in the coming months. Until then, if you have any questions, please feel free to reach out to Craig Hicks, our VP of Investor Relations. And with that, thank you very much.
Operator: That concludes today’s Excelerate Energy three quarter 2022 earnings call. You may now disconnect your lines.
