Epsilon Energy Ltd.

Good day, and welcome to the Epsilon Energy full year and fourth quarter 2024 earnings conference call. All participants will be in a 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 a touch-tone phone. 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'd like to welcome all of you to today's conference call to review Epsilon's full year and fourth 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 might 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, and thank you for participating in our 2024 year-end 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. I am pleased to report that in 2024 we achieved our main strategic objectives to continue to develop our Permian business, add a new project area with meaningful upside potential, and weather an oversupplied gas market. In the Permian, we added additional production and undeveloped acreage through a bolt-on acquisition in the first quarter. That deal, followed by incremental investment in two gross wells during the year, led to our 180% year on year increase in oil production. The Permian contributed more than 60% to our cash flows in 2024. We also established a new project area in Alberta, Canada with the joint venture announced in October that we believe adds multi-year economic inventory for approximately a $7 million drilling carry. The operator has committed to five gross wells on the position before the end of first quarter 2026. The project is underway with two wells now on flow back. In 2025, we will further delineate this position with two gross wells, 0.5 net, and expect to have four gross wells, one net, on production in the Garrington area by year end. Finally, in the Marcellus, we survived a challenging natural gas market with sub $2 per MCF net wellhead pricing, production curtailments estimated at 20 to 25% of our net total in the basin, and deferred turn in lines. The environment started to change in the fourth quarter of last year, and we are off to a great start to 2025 in the basin. Andrew can elaborate further there. Today, our business is more diversified with multiple avenues available for capital allocation and organic growth across the commodity mix. We remain committed to our fixed dividend while keeping an eye out for attractive opportunities to reduce our share count. I'll now turn it over to Andrew and then Henry to provide further details on our plans and activities, including an early comment on the strength of our first quarter 2025 performance.