right? It seems reasonable, and it continues to be reasonable when you look ahead. What is the balance that we wanna have? The balance that we wanna have is one where we have a bit of space there to, uh, encourage them, whether it's for inorganic opportunities that might arise, uh, and also to capture or to reflect in our consolidated balance sheet, the, the leverage that ISA, eh, might have. Given that their ceiling is 4.5 times gross debt to EBITDA. Why is that important? Uh, uh, leverage is an engine of growth for ISA. ISA has a pipeline of opportunities going forward that is very attractive. The more we look at it, the more excited we are, uh, and, and we definitely don't want capital to be a constraint for ISA's growth, right? So, so we are comfortable with that range that inaudible operating in. It's 3.5 to 4.5 times, and we wouldn't have any problem with ISA going to the very top end of that range. Uh, so with that, uh, our range of 2.5 kind of makes sense. That's ho- that's how we're looking at this. Now on leverage, we're not gonna stay, uh, uh, put. We just had this liability management transaction, we put two billion, uh, of our… inaudible of the near term. It was an expiry that we weren't gonna have in 2023. Now we kick that off into the future, and we intend to do that, uh, more. We believe that the, the fundamentals of the capital markets right now and the results that inaudible are delivering allows to pursue more transactions like that into the future. So directly, that's how we're thinking about that. With regards to dividend payments, you know our policy. Our policy remains unchanged, 40% to 60% of, of net income. And in good years, you should expect, and we all should expect to be on the very high end of that range. That's how we're thinking ahead. And that's how we're planning our, our, our cash on our, on our, on our, on our CapEx, uh, accordingly. Equity offering, where does the equity offering fit in into all of this? It's about optionality. It's about optionality, Christian. Uh, the idea here is that, uh, whilst our, our spending is robust and we're comfortable with, with, with leverage and we're comfortable with just, with our ability to fund this CapEx for growth, which is our main impact… We wanna continue growing the company. Uh, we believe that the equity offering offers the optionality to support whether it's a, an increase, uh, uh, uh, uh, uh, necessity of, of, of CapEx, you know, that's, that's competitive, uh, whether it's organic or inorganic, or simply to strengthen the balance sheet. Directionally right now, it would be about strengthening the balance sheet. It would be about reducing the depth that we have to, to get into a more comfortable level. Finally, with regards to your question around inaudible, uh, you might have seen that we posted a, a pretty solid inaudible, 10.8%, which is great, you know, uh, going back to double digits. Uh, it's, it's a number that puts us in, in with very little company in our sector. Very, very few companies are up there with us. And, and, and we're happy about that. When you include ISA in the equation, ISA is inaudible. With ISA, we're actually… Uh, I- ISA will probably add… Once you normalize temporary effects and, and the like, because obviously it's a consolidation that you're seeing right now only reflects one month. But once you normalize for, if you will, business as usual with ISA, ISA is gonna add probably, uh, you know, four or five, uh, uh, uh, uh, points into that. So I, I would believe that hopefully by year end, we're gonna be, uh, above 12% in terms of inaudible and we can sustain that into the future. Obviously, depending on price, but, but that's, that's what we believe in right now. Thanks, Christian. Thank you. We have no further questions at this time. I would like to turn the call over to Mr. Bayon for final remarks. Thank you so much. And, um, very, very quickly. I'd just like to thank everyone for being here today at the conference call. And, uh, thanks again for following Ecopetrol, for the interest that you've put into, uh, our activities and how we continue to make progress. Very good results for the quarter. Uh, very good results, not only in terms of numbers, but in terms of how strategically we continue to advance. It's great to have now, uh, one month of inaudible results into our consolidated results. Uh, very, very pleased with the acquisition. It's going very well. We continue to make progress in our TESG agenda. And, uh, hopefully we'll be able to, um, uh, sit again with you guys virtually, uh, for, uh, year end, uh, results and conversations around our plans going forward. So, uh, hope that everybody stays safe. Please take care. And th- thanks again for being with us today at this, uh, conference call. Bye-bye. foreign language. Thank you, ladies and gentlemen. This concludes today's conference. Thank you for participating. You may now disconnect.