1. Battle plan-Share buyback assumption with only ***$65 oil***. I could get used to $65+ oil...at a 50/50 split that would give us $240 million a year for share buyback. That should be able to make a dent. Below is a "What IF" on Q4 @ $65 along with all 2022 @ $65...remember in 2022 they are hedged in 2022 and get I believe $58 for oil if between $48 and $58...on the 3-way. My thoughts on a BTE battle plan (debt/share buyback) @ $65. Hopefully that $240M+ could buyback a lot of shares IF oil was $65 throughout Q4 21 and all of 2022.
 
     Millions ($)
------------------------------- -------------------------------------------- -------------
  Jun 30th Net Debt $1,629
  Jul payment (1H FCF) $125
2021 Debt payment Q3 FCF ( @ $70 WTI) $130
2021 Debt payment Q4 FCF ( @ $65 WTI) $120
  2021 Ending Net Debt $1,254
     
2022 Debt payment Q1 FCF ( @ $65 WTI) $60
2022 Debt payment Q2 FCF ( @ $65 WTI) $60
2022 Debt payment Q3 FCF ( @ $65 WTI) $60
2022 Debt payment Q4 FCF ( @ $65 WTI) $60
  2022 Ending Net Debt $1,014
     
     
2022 Share buyback Q1 FCF ( @ $65 WTI) 50% $60
2022 Share buyback Q2 FCF ( @ $65 WTI) 50% $60
2022 Share buyback Q3 FCF ( @ $65 WTI) 50% $60
2022 Share buyback Q4 FCF ( @ $65 WTI) 50% $60
  2022 Total Share buyback ($) $240