Epsilon Energy Ltd.

Good afternoon, and welcome to the Epsilon Energy Third Quarter 2024 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. 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 2024 financial and operational results. Before we begin, I would 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 would like to turn the call over to Jason Stabell, our Chief Executive Officer.

Thank you, Andrew. Good morning and thank you for participating in our third quarter 2024 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. In the Permian, we brought the seventh hectare well online in the third quarter, driving 19% quarter-over-quarter oil production growth. In the fourth quarter, we will see some quarter-over-quarter declines in liquids production until drilling resumes next year. Henry will discuss specific well performance later in the call. In Pennsylvania, wellhead prices have remained low heading into winter. In October, we have seen a small portion of our curtailed volumes come back online, and three of the seven previously announced deferred tills were put on production last week. So we expect quarter over quarter growth in natural gas volumes in the fourth quarter with a further ramp expected into the first quarter of next year as curtailments are lifted and the remaining deferred till wells are brought on. Currently, we do not forecast incremental drilling in Pennsylvania in 2025, but we will keep you updated after discussions with our operator in the fourth quarter. Late last month, we announced our entry into Alberta, Canada through two joint ventures with Calgary-based private operators. In the larger deal, after approximately a $7.5 million USD development carry is satisfied, we will earn 25% in approximately 160,000 acres. Our initial development focus will be the Garrington area, approximately 30,000 gross acres, in the liquids-rich, glauconitic, and Ellerslie intervals. Initial plans call for four gross wells in 2025, with operations likely to commence in the fourth quarter of this year. Andrew can provide further details on the projected capital expenditures. Overall, the company remains well positioned to deliver volume and cash flow growth in 2025. We continue to evaluate opportunities and see the potential for additional investments, particularly in Canada. Meanwhile, we will continue to pay our dividend and monitor opportunities to reduce our share count at attractive prices. Now I would like to turn the call over to Andrew for additional comments.