more value, right? To, to give you an idea, you know, this year's plan compared to, to last year's plan, uh, speaks about, um, maturing around 1.5 billion, uh, barrels of resources of three P resources, right? That's the extent of the total portfolio. Last, when we were looking at this number 18 months ago, it was more in the 1.1 kind of range. So we've actually seen a bigger portfolio to, to work with. The second thing that we're seeing is that in the context of the full agenda of a performance plus and efficiencies and becoming more competitive and the like, we're also seeing improved ratings, and therefore a more value associated to the portfolio. So directionally, a portfolio that maybe a couple of years ago was worth, and I'm talking about the growth component of the portfolio, around $6 billion in, in, in NPV. It's now around $9 billion in NPV. So where I'm trying to go here is, is, is that there's, there's value to be had. And we, and we wanna change that value. Obviously in a disciplined way, like, like Felipe had mentioned in a structured way, but, but, but there's, there's, there's value to be created. When you look at the ramp up of activity, the ramp up of activity, uh, that we expect to have inaudible, it's, it's, it's significant. We're talking about, you know, directionally around 540 wells of development wells next year, around 600 workover, uh, uh, workovers, around anywhere between 25 and 30 exploration wells. And, and going back into sizing so this is, this is… You know, the opportunities are there and they're sufficiently mature. Let me give you a statistic here. Uh, all these numbers that I'm quoting, about 67% of the activity set, it's already in its, in its, uh, third or fourth stage of maturing. So there, there are things that are reasonably good to go, and it gives us confidence that we're gonna be able to, to execute them this, uh, next year. So kind of, that's where we're going. When you look at that number that Felipe had mentioned of between $4 billion and $5 billion of organic, of organic CapEx… Uh, I would say that, that, that, uh, the upstream, uh, as usual will represent a, a, a big, a big chunk of that. Uh, when we look at the three years, I would expect upstream to be, to be capturing probably anywhere between $10 billion and $12 billion of CapEx. Upstream alone. That's, that's where directionally we're heading. Obviously, this is all subject to some fine tuning. And we're gonna have a more detailed conversation in February, but that's, that's where our head is right now. Frank, and, uh, I, I will just add that, um, when, when you look at our portfolio, uh, and years back, our focus was, uh, the main and mature fields, uh, heavy oil fields. So now in, in our plant now, you'll see new areas emerging. For example, in terms of exploration, you'll see activity, uh, associated with the, the Caribbean offshore and also, um, a lot of focus in terms of, uh, the, the inaudible foothills, where we have, uh, the expectation of finding both, uh, light oil and gas. So, um, so you'll see that diversification… When you look at other projects that are gonna be emerged, you'll see inaudible close to inaudible, which will be another focus in our portfolio. So, so, uh, more diversification, I would say. Thanks, Alberto. Thanks, inaudible. Thank you. Our next question comes from Christian Audi from Santander. Thank you. Hello Felipe, inaudible. Hope you're well. Um, I wanted to get your views on a couple of points. Um, first, uh, capital allocation, and then on the return on capital employed. In terms of capital allocation, um, you've already touched on CapEx. Um, I was wondering if you could also touch on deleveraging and, uh, and dividend payments, um, how you prioritize those, given the very strong results in cash flow generation that you're having. And, um, also touch on the potential need for an equity offering. Um, and whether that equity offering, if needed, would be more to, um, supply ISA with capital to pursue, uh, inorganic growth, or is it, would it be more driven to just, um, strengthen the overall inaudible patrol financial position? And then in terms of, um, return on capital employed, which is an area where you've… The company always stood out relative to your peers, um, with the addition of ISA that has great margins and, and great return and capital employed, I was just wondering if you could talk a little bit about where you see… Uh, well, let's see… Maybe X ISA is going into, uh, 2022, please. Thank you. Thank you, Christian. Uh, hope you're doing well. So, um, so, so, let's talk about capital location and inaudible. I, I, I'd first start with kinda, what is our, what is our view of the, of the world going forward in terms of price environment? Because it actually, it actually does set the stage a lot around how to think about, uh, uh, some of the questions you're making, you know, a capital allocation, deleveraging, dividends and the like. And, and, and one of the things that, that, that we've seen is that, um, uh, fundamentals do support a, a, a, a, a more optimistic view around, around prices going forward. You might recall that in the plan, the plan that we're actually executing right now, our, our price assumption for this year was, was around $45 per barrel. Next year, we were looking at $50 per barrel, and that's something that we have been reflecting on, and that we are gonna update in our plans going forward. So the outlook in which we are planning ahead is one where, where, where next year is at $63 per barrel, and ' 23 and ' 24 at, are at 60. These, these, this price that, uh, uh, uh, is still, is still conservative. It's still conservative. Uh, when you look at, at the current, you know, uh, uh, headline price, uh… But we believe that it kind of position us as well in a place where, where we can retain our capital discipline, capital and cost discipline, whilst at the same time, making sure that we don't leave opportunities, uh, on the table. Uh, the broader conversation around long term price, uh, uh, uh, in, in this business, we, we still remain conservative. We believe that that our, all our projects need to fly at $50 per barrel. And that's that in a, in a, in a view that when you look at the, the majority of our projects and the time to market inaudible these projects, you're looking at the long term. So that's how we're saying about this, right? So with that in mind, what, what are we looking at? What we're looking at, uh, firstly, in, in terms of your question about, of our own leverage and that, that 2.5 times, uh, gross step to inaudible that we have been operating is one that seems reasonable,