Parex Resources Inc.

Thank you for standing by. My name is Janet and I will be your conference operator today. At this time, I would like to welcome everyone to the Paris Resources Q1 operating and financial results. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask questions during this time, simply press star followed by the number one on your telephone keypad. If you'd like to withdraw the question, press star one again. Thank you. I would now like to turn the call over to Mike Crofton, Senior Vice President of Capital Markets and Corporate Planning. Please go ahead.

Good morning, everyone, and welcome to Park Resources' first quarter 2025 conference call and webcast. On the call with me today are President and Chief Executive Officer, Ahmad Molson, our Chief Financial Officer, Cam Granger, and our Chief Operating Officer, Eric Furland. Please note that any time telephone participants on the call can press star 1 to submit a question. As a reminder, this conference call includes forward looking statements as well as non-GAAP and other financial measures with the associated risks outlined in our news release and MD&A, which can be found on the website or at www.cedarplus.ca. Note that all amounts discussed today are in US dollars unless otherwise stated. I'll now turn the call over to Ahmad. Please go ahead.

Thank you Mike and good morning everyone. As we committed at the outset of the year in 2025, we are focused on delivering steady performance. By applying a discipline plan. Centered on lower risk activities and high graded set of opportunities. So far this year we are seeing strong base production from our core assets. and have made progress on our 2025 plan. Resulting in first quarter production volumes being in line with management expectations. Additionally, with drilling activities currently in line with our budget, much of the groundwork to support production has been completed, including three key strategic items that I'd like to highlight. First, we closed the tuck-in acquisition at Tiano 32. where we capture the remaining working interest on the block from the partner and gain full control. We are excited about this addition to our portfolio, which we added at strong acquisition metrics. With low cost-free completion opportunities and immediate development inventory, and that we can do this year, we see this area as a high-quality and well-positioned asset with both short-term and long-term upsides. Second, we are realizing new field exploration results. There's two prospects so far this year, yielding positive outcomes. Both successes are in the Southern Llanos, an area well known to PARICS, where we were targeting lower risk, higher chances of success opportunities. Third, we continue to progress groundwork in the Putumayo, where we are focused on starting initial operations in the second quarter, with significant proven oil in place. We have now completed the contracts with our partners to commence work and our team is currently finalizing short-term activities while also continuing the assessment of the basin to identify investment areas with the best capital efficiency going forward. Overall, I'm pleased with our performance in the first quarter where we have led the foundation that will enable us to deliver our plan as the year progresses. And despite our current activity plan largely remaining unchanged and supported by a strong suit of projects, we recognize the current market volatility and are monitoring it closely. With that, I'll now turn it over to Eric to provide an operation update. Please go ahead, Eric. Thanks, Hamad.