Grant Hofer - Barclays Capital
Dave, maybe I’ll just get us started here. The strategic alternatives you’d initially I think talked about in your Q2 call that you would be in a position to provide some more color on that with the Q3 results, is that no longer the case? You think it’ll take a bit longer?
David E. Roberts
No, I think one of the things that we as a Board have come to is that we would like to accelerate being able to talk about that. And so, I’m not going to put words in Jay Thornton’s mouth, who is the Head of that committee. But all of our work is geared towards being completed around the time we have the second – the third quarter call, because we think that will be a great time to talk about the future of the company on the basis of what’s going to be a set of results that are going to be more interesting to people about what’s going to happen in the future. So certainly, we are gearing for that and I know the Board is supportive of that as well.
So one of the things that we look at doing is shifting the focus of the company from being a front-end company in terms of exploration and new opportunity capture to one that more reflects the asset base we have, being focused on development and production. We’re an exploitation company, and that’s the mindset that we are going to bring to Penn West on a go-forward basis, and that’s the way that we will maximize return to our shareholders.