Question-and-Answer Session
Operator
I appreciate that, thank you. (Operator Instructions). And we will open today’s questions. First question is from Steve Berman representing Pritchard Capital Partners. Please go ahead.
Stephen Berman - Pritchard Capital Partners
Good morning gentlemen. First question, historically on your realized price you spent within a couple of dollars of the benchmarking close recruiting your case. I mean what happened in the fourth quarter, it wasn’t even close, why so far off in a plan which I think averaged in mid-to-high 50s.
Robert Gerry
We did not get a lifting in October, so basically we got all our liftings in the fourth quarter in November and December. And rent average I think about $68 in October, so if you take that out of the mix and you will see what happened.
Stephen Berman - Pritchard Capital Partners
Okay, so going forward if it’s a smoother numbers spread out evenly say over a quarter you should be, there is no reason to say you won’t still be I mean normal basis within that couple of dollars.
Robert Gerry
Right.
Stephen Berman - Pritchard Capital Partners
And in terms of capacity on the FPSO as you bring this into development wells on, I think you talked about growing that the capacity on the FPSO. Is there anything in the CapEx budget to deal with that? Can you talk a little bit about that?
Robert Gerry
Well we actually did that work this year to ensure we could get 30,000 barrels of fluids through that FPSO. For the first time we are going to have the ability to have surplus oil production capacity such that we will probably have to do some balancing acts with some of the higher water wells to maximize oil production.
Stephen Berman - Pritchard Capital Partners
Alright. I mean is there need until we start thinking about bringing in a bigger platform with some plan.
Robert Gerry
I think that’s going to depend on Southeast Etame.
Stephen Berman - Pritchard Capital Partners
Okay. And in terms of the balance sheet, one reason it seems like cash went up so much was that the payables went up a lot. Is that just a timing, can you talk a little bit about that?
Robert Gerry
Yeah we picked up two rigs.
Greg Hullinger
Late November.
Robert Gerry
In November, and so the builds were just starting to pour in on [crude]. those two offshore rigs.
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