Major Drilling Group International Inc.

Good morning, ladies and gentlemen, and welcome to the second quarter 2022 results conference call. I would now like to turn the meeting over to Chantal Melancon. Please go ahead, Ms. Melancon.

Thank you, and good morning, everyone. As mentioned, we would like to welcome you to Major Drilling's conference call for the second quarter of fiscal 2022. On the call, we will have Denis Larocque, President and CEO, and Ian Ross, our Chief Financial Officer. Our results were released yesterday evening and can be found on our website at www.majordrilling.com. We also invite you to visit our website for further information. Before we get started, we'd like to caution you that during this conference call, we will be making forward-looking statements about future events or the future financial performance of the company. These statements are forward-looking in nature and actual events or results may differ materially from those currently anticipated in such statements. I will now turn the presentation over to Demi Vara. Please go ahead.

Thank you Chantal and good morning everyone and thank you for joining us today. Before we start I would like to acknowledge our Canadian operations for achieving quite a safety milestone this past month as they have now reached 7.5 million hours without a lost time incident which is quite remarkable. I'm very proud of what our teams are achieving globally as we continue to be a leader in safety in our industry, especially at a time when we are bringing a lot of new people to our industry. I must say we're very happy with our second quarter results as activity levels continue to increase in most regions. I'm particularly pleased with the progress that our team have made in developing our labor force, which enabled us to grow in high demand regions while maintaining our dedication to safety, productivity, and quality. The competition for skilled drilling crews continues to be a challenge facing our industry in the most operationally intense market, which is putting pressure on cost and productivity. However, our proactive training and retention efforts have allowed us to support our rapid growth and deliver value to our customers. Our strategy of holding rigs and inventory ready for immediate deployment to customers continues to deliver results. During the quarter, we secured a number of North American contract renewals with incrementally favorable terms, although this was somewhat offset by cost inflation for supplies and labor, which we're seeing across the industry. In South America, the lingering effects of the pandemic continued to cause some operational disruption, though we're seeing a gradual return to normal activity levels. In Australasia, our recently acquired McKay drilling operations continued to perform very well, and contributed to a marked improvement in the region. Finally, we have seen an increase in specialized drilling demand and activity across all of our operations. We attribute this to our increased market share and a resurgence of specialized projects as our customers turn to more challenging targets as the upcycle progresses. So with all that in place, we were able to grow our revenue by 50% and more than double our net earnings at $14.3 million as our operational leverage is starting to bear fruit. With that, Ian will walk us through the quarter financials, and I'd like to discuss the market outlook before opening up the call for questions. Ian?