Parex Resources Inc.

Good morning, everyone, and welcome to Parex Resources' third 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 Gresham, Senior Vice President of Capital Markets and Corporate Planning at Parex. Please go ahead, Mike.

Thank you, operator, and good morning, everyone. On the call with me today are Ahmad Moulton, Parks' President and Chief Executive Officer, Ken Pinsky, CFO, and Eric Ferland, Chief Operating Officer. As a reminder, this conference call includes forward-looking statements and non-GAAP and other financial measures with the associated risks outlined in our news release and MD&A, which can be found on our website or at cdar.com. All amounts discussed today are in U.S. dollars unless otherwise stated. Please go ahead, Ahmad.

Thank you, Mike, and good morning, everyone. Production for the quarter was pre-released at approximately $51,000 a day, up 8% from the comparative quarter in 2021. With production on the per share basis up 19% over the same period. We are in the process of optimizing and maximizing our key assets by making significant investments at our Southern Lanos assets, LL34 and Capastero, as well as Northern Lanos infrastructure, EGRAS. We expect to lower our long-term corporate decline rate and sustaining lower capital expenditure requirements. This is expected to maximize our reserves as well as generate sustainable and significant free funds flow that can be used for both reinvestment and returns to shareholders. We are also showing new growth within our portfolio. Recently, we announced that successful drilling efforts year-to-date have translated to crude discoveries on multiple of our blocks. In Northern Llanos, we have had positive drilling results with two wells that have encountered new zones. We had a near-field exploratory discovery and new play in Southern Llanos, and in Magdalena Basin, at Lim 1, we are seeing encouraging results, where we are planning to cycle the gas for an enhanced condensate recovery at the first quarter. I will now turn the call over to Ken to discuss some of our financial highlights, return of capital, and the proposals for changes in the tax regime in Colombia, before I come make some final remarks. Please go ahead, Ken.