Epsilon Energy Ltd.

Good morning and welcome to the Epsilon Energy third quarter 2023 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Andrew Williamson, Chief Financial Officer. Please go ahead.

Thank you, operator, and on behalf of the management team, I would like to welcome all of you to today's conference call to review Epsilon's third quarter 2023 financial and operational results. Before we begin, I'd like to remind you that our comments may include forward-looking statements. It should be noted that a variety of factors could cause Epsilon's actual results to differ materially from the anticipated results or expectations expressed in these forward-looking statements. Today's call may also contain certain non-GAAP financial measures. Please refer to the earnings release that we issued yesterday for disclosures on forward-looking statements and reconciliations of non-GAAP measures. With that, I'd like to turn the call over to Jason Stabell, our Chief Executive Officer.

Thank you, Andrew. Good morning to everyone, and thank you for participating in the Epsilon Energy Third Quarter 2023 Conference Call. Joining me today are Andrew Williamson, our CFO, and Henry Clanton, our COO. We will be available to answer questions later in the call. Our press release and 10Q posted yesterday provide details on our business results. Today I'd like to discuss several key highlights since our last quarterly release in August. First, and most importantly, we are excited about our recent and planned near-term development investments in Pennsylvania and Texas. Alongside our operating partners, we're planning a more robust CapEx budget for the next 12 months relative to the last few years, which will add significant volume growth in both liquids and natural gas. We are already underway in Pennsylvania, having recently elected to participate in seven wells. Henry can add more detail here. In Texas, we've recently completed our first two wells, and activity will continue in 2024 on our large contiguous leasehold position that we acquired earlier this year. This approximately 11,000-acre gross position, where we hold a 25% interest, sits in close proximity to the two recently drilled and completed wells. Our 2024 plans will begin to unlock the value potential of this large asset. We have hedged a portion of our natural gas production for the next 12 months and will monitor the oil market to potentially do the same with a portion of the crude volumes coming on in the Permian. Finally, we continue to prioritize shareholder returns through our well-supported dividend and opportunistic share purchases. These returns totaled over $4 million for the quarter, including a $525,000 share purchase at $5 per share in July and our $1.4 million quarterly dividend paid in September. Now, I'd like to turn the call over to Andrew and Henry for some more detailed comments on our finances and operations.