“We still think we can get to 150,000 or so by year-end.”

In context

“we have seen some action now from the U.S. government. We had been previously operating under an OFAC license, which was modified at the beginning of this year, a general license. There's some specific licenses that go with that, that define the terms under which we can operate. The recent action in the new general license issued by OFAC really kind of opens up operating room for others more so than it does for us. We already – it doesn't materially change our circumstances here. And so I think what you'll see is some more people lifting crude, bring it to the – you'll see more crude flow to the U.S. I don't think the – the impact on our operations really is not particularly significant. We are up to something around 130,000 barrels a day from maybe 60,000 barrels a day earlier this year. We still think we can get to 150,000 or so by year-end. So we are seeing improvements and expect there's some more that we can see through the balance of the year. And that's driving – the cash from that is going to pay legitimate operating expenses, tax and royalties, recover some past dues that we are owed. And we're really working on what I would call pretty straightforward field maintenance and things to restore production that aren't particularly long cycle or capital-intensive and staying within the kind of cash that's being generated from those sales in order to fund that. I would expect that's the posture we'll remain in for a while here until we see how the longer-term sanctions environment plays out, the political situation in the country with elections and the like and continue to make progress on recovery of the past dues that I me”