Parex Resources Inc.

Good morning, everyone, and welcome to PARICS Resources' first quarter 2022 conference call and webcast. Please note that at any time, participants on the webcast can submit their questions under the Ask a Question tab at the top of the webcast interface, and participants on the phone can press star 1. I would now like to turn the call over to Mike Cacton, Senior Vice President of Capital Markets and Corporate Planning of PARICS at PARICS. Please go ahead, Mike. Thank you.

Thank you, Operator, and good morning, everyone. On the call with me today are Matt Molson, Parks President and Chief Executive Officer, Ken Pinsky, Chief Financial Officer, Eric Ferland, Chief Operating Officer, and Ryan Fowler, Senior Vice President of Exploration. I would like to remind you that this conference call includes forward-looking statements and non-GAAP and other financial measures with the associated risk outlined in our news release and MD&A, which can be found on our website or at cedar.com. All amounts discussed today are in U.S. dollars unless otherwise stated. Traditionally, in lieu of a quarterly conference call, PARECs invited shareholders to participate in our annual general meeting. However, given the virtual nature of that event and our exciting and material increases to both production guidance and return of capital, PARECs wanted to hold a call to review our record quarter and provide some context how we are growing PARECs in 2022, 2023, and the long term. Please go ahead, Ahmad.

Thank you, Mike, and good morning, everyone. We believe that Perixx is positioned to take advantage of the opportunity that lies ahead. We have set the company up to quickly deploy capital to meaningfully grow production and therefore funds flow in an environment where oil supply is constrained. The unique proposition that Perixx has is that we can do this while we increase our return of capital, including building on our track record of industry-leading share buybacks and increasing our quarterly dividend by 100% over the past year. The dividends have been stress tested and robust even in low commodity price environments. Ken will discuss our first quarter results as well as our return of capital track record and framework. Before I make some remarks on our guidance and outlook as we focus on the execution of our plan, to target record production by year end 2022. Please go ahead, Kevin.