Pine Cliff Energy Ltd.

Good morning and thank you for joining the Pinecliffe Energy fourth quarter and year end results conference call. Today we will open with remarks from President and CEO Phil Hodge. Mr. Hodge is joined today by Terry McNeil, Chief Operating Officer, Christopher Zak, Chief Financial Officer, Austin Newdorp, Vice President Finance, and Dan Keenan, Vice President Exploitation. Questions for the management team can be registered on the webcast. Prior to starting, we'd like to remind participants that this call may contain comments on or discussion of forward-looking information. As such, we refer participants to the cautionary statements on forward-looking information included in the presentation on our website, www.pinecliftenergy.com. With that, we'll turn the call to Mr. Phil Hodge, President and CEO. Thanks, Chris.

Thanks for those joining in and for those who will be listening on the replay that will be on our website. As we've been doing on these webcasts in the past, our intent is not to reread the president's message or the press release that you already got access to. Many of you already received my quarterly email also that went out last night, which focuses a bit more on the macro, how we see the environment. We received several questions last night, and so I think we'll work through those. But if you've got any other questions, please send them along and as we're speaking and we'll be happy to address them. One of the probably the the most questions I got last night and this morning have been just looking for a little bit more clarity on our Glock well that we drilled. And we totally understand the curiosity around that because we haven't done any drilling for a couple of years. Everybody's well aware of how much we think of that area and that we're very positive and that we've actually increased the number of Glock locations that we have in that area to now being 22 net locations. And for a company of our size, that's significant because these locations are highly valued. That being said, anyone who's been following Pinecliffs or has been a shareholder of ours for some time knows that we're not a neon lights type of company as I sometimes refer to it. We're not going to be out there with 24-hour type IP rates We want to make sure we're giving the market a very clear picture of the well. Maybe what I'll do is I'll hand this over to Terry and let him give you a bit more detail on the well. But again, we're not intending to give a lot of production information until we know that we have a more consistent production history.

Thanks, Phil. Good morning, folks. Yeah, with regards to the well itself, execution went well, drilled ahead of schedule. Overall costs came in consistent with our expectation. The well has been on production for almost two weeks now, and it's still in very, very early cleanup, so really hasn't reached a stabilized rate. We're quite encouraged by the early results, but it's really too soon to draw any firm conclusions on any long-term productivity or performance. So we keep an eye on it regularly, and that's probably the best update we can give at this time.