8/11/2025

speaker
Nick
Conference Operator

Good day, and welcome to the Calibri Global Energy's second quarter 2025 financial conference call. All participants will be in a listen-only mode. Media may monitor this call in a listen-only mode. They are free to quote any member of management, but are asked to not quote remarks from any other participant without that participant's permission. If anyone has any trouble and needs 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 touch-tone phone. To withdraw your question, please press star then two. Please note that this event is being recorded. I advise participants that this conference is being recorded today, August 11, 2025. This call will be available on the company's website at www.colibrienergy.com. Here is a disclaimer. This call may include forward-looking information regarding Calibri's strategic plans, anticipated production, capital expenditures, exit rates, and cash flows, reserves, and other estimates and forecasts. Forward-looking information is subject to risks and uncertainties, and actual results will vary from the forward-looking statements. This column may include future-oriented financial information and other financial outlook information which Calibri discloses in order to provide readers with a more complete perspective on Calibri's potential future operations, and such information may not be appropriate for other purposes. For a description of the assumptions on which such forward-looking statements is based, and the applicable risks and uncertainties and Calibri's policy for updating such statements, we direct you to Calibri's most recent annual information forum and management discussion and analysis for the period under discussion, as well as Calibri's most recent corporate presentation, all of which are available on Calibri's website. Listeners should not place undue reliance on forward-looking information. Calibri undertakes no obligation to update any forward-looking, future-oriented financial or financial outlook information other than as required by applicable law. I would now like to turn the call over to Mr. Wolf Regener, the President and CEO of Calibri Global Energy, Inc. Please go ahead, sir.

speaker
Wolf Regener
President & CEO

Thank you, Nick, and thank you, everyone, for joining us today. With me on today's call is Gary Johnson, our Chief Financial Officer. As I'm sure you're all aware, we released our second quarter 2025 results this morning. and we're very pleased with what we've achieved this quarter, which continues to build on our last few years' results in multiple ways. Production from the field has been going very well, with our second quarter over 3,200 DOE a day, in spite of us temporarily shutting in about 540 DOE per day of wells for the Lobina well completions. Our operating expenses remain low, with just over $7, that's $7.15 of DOE, We increased our line of credit, which we have with our banking syndicate, Lead High Bank of Oklahoma. Further in the field, we have brought on the four Levina wells that have shown a very high well percentage and are still cleaning up for action simulations later. And we'll be testing the Fortison well over the coming weeks. And we're spotting two new wells, the Barnes 6-31-2H and 3H. So basically, it's both geared ahead with operations. Things are going very well, and we're looking forward to increasing our production further this year.

speaker
Unknown
Investor Relations

Now, with that, I'll turn the call over to Gary to discuss our financial results.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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