Noble remains on track to meet full year 2017 guidance for both production and capital spend. But net debt continues to creep up and gearing now stands at 41%. Noble is one of the most financially stretched within our Diversified Independents peer group and further action will be needed to strengthen the balance sheet. A sell down of its interest in Tamar is expected in the next 12 months along with another drop down to its MLP. The sale of non core assets is also being considered.