Guyana continued to deliver with an eighth discovery and a resource upgrade to over 4 bnboe. Hess and its partners now have ambitious targets to reach over 750,000 b/d by 2025. We think this will be a challenge, but a good one to have and there is more upside to chase. Investors have welcomed the buy-back programme and are now looking for signals of a cash flow inflection post 2020. Financial results continue to improve as oil prices recover.