I see a 1c div or $6m to be paid around the same time as last...

I see a 1c div or $6m to be paid around the same time as last year. My base case scenario is that I don’t see us being 100% owners of Montney, so we’re not bearing all the capex.

Any sell down would cover the capex with the exception of a full sale which should result in a material capital return.

My low end oil price forecast gets me to $10m FCF after $40m capex. That’s also based on 4,450 BOE/d, which I think is reasonable / conservative. That leaves $4m to cash growth given I see only a marginal low probability scenario where we fully develop Montney.