Canacol Energy Ltd.

Good morning and welcome to the Canacol Energy 4th Quarter and 4-Year 2022 Financial Results 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 0. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star then 1 on your touchtone phone. To withdraw from the question queue, please press star then 2. Please note this event is being recorded. I would now like to turn the call to Carolina Orozco, Vice President of Investor Relations. Please go ahead.

Good morning and welcome to CannaCold's fourth quarter and year-end 2022 Financial Results Conference Call. I am with Mr. Charles Gamba, President and Chief Executive Officer, and Mr. Jason Bednard, Chief Financial Officer. Before we begin, it is important to mention that the comments on this call by CannaCold Senior Management can include projections of the corporation's future performance. These projections neither constitute any commitment as to future results nor take into account risk or uncertainties that could materialize. As a result, Canon Call assumes no responsibility in the event that future results are different from the projections shared on this conference call. Please note that all finance figures on this call are denominated in U.S. dollars. We will begin the presentation with our President and CEO, Mr. Charles Gamba, who will cover the operational highlights for the fourth quarter. Mr. Jason Bednar, our CFO, will then discuss financial highlights. Mr. Gamba will close with a discussion of the corporation's outlook for 2023 and beyond. And finally, we will have a Q&A session. I will now turn the call over to Mr. Charles Gamba, President and CEO of Caneco Energy.

Thanks, Carolina. Good morning or good afternoon, and welcome to Caneco's 2022 year-end conference call. In 2022, the corporation achieved several important goals with respect to creating value for our shareholders and other stakeholders. including an increase in realized natural gas sales year over year in line with guidance and a 13% return on capital employed. We also generated high and stable operating margins, averaging 77%. We continue to report strong and stable financials, which allow us to continue to return capital to shareholders in 2022 via our quarterly dividend program and share buybacks. In addition to announcing our financial results yesterday, we also announced our year-end reserves the week prior, The discoveries we made in 2022 are estimated to have added approximately 93 billion cubic feet of new proven plus probable gas reserves, replacing production in 2022 by more than 150%. We also made an interesting discovery at Chimela in the Middle Mag Valley that we are currently evaluating. All seven exploration wells that we drilled in 2022 were successful. Our gas exploration drilling results over the past nine years have yielded an industry-leading 85% hit rate of commercial discoveries. Looking ahead to 2023, we are excited to be in a position to continue drilling a combination of low-risk development and exploration wells, some of which will be targeting newly developed prospects based on seismic acquired in 2022, as well as some higher-impact exploration wells we plan to drill outside of our core producing areas. With respect to our ESG achievements, we continue leading the industry as one of the cleanest oil and gas producers in both Colombia and North America, with Scope 1 and Scope 2 greenhouse gas emissions that are 80% lower than our oil-focused peers and 50% lower than our gas-focused peers on average. During 2022, through the continuous and successful implementation of the corporate ESG strategy, we obtained several achievements such as the Equipares Silver Seal, from UNDP in gender equality. We were accepted as an engaged corporate member of the Voluntary Principles Initiative and achieved significant and outstanding upgrades in several of the most important ESG ratings and rankings internationally. I'll now turn the presentation over to Jason Bednar, our CFO, who will discuss our fourth quarter of finances in more detail. When he's done, I'll provide a detail on the outlook for the remainder of 2023. Thanks, Cheryl.