Parex Resources Inc.

Hello everyone. Thank you for joining us and welcome to Parex Resources Q1 2026 operational and financial results. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I will now hand the conference over to Mike Crookton, Senior Vice President, Capital Markets and Corporate Planning. Mike, please go ahead.

Good morning. On the call with me today are President and Chief Executive Officer, Iman Molson, our Chief Financial Officer, Cam Granger, and our Chief Operating Officer, Eric Furlan. Please note that at any time, telephone participants on the call can press star one 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 our website or at cdarplus.ca. Note that all amounts discussed today are in U.S. dollars, unless otherwise stated. I'll now turn the call over to Matt. Please go ahead.

Thank you, Mike, and good morning, everyone. Over the first half of 2026, Sparx executed a series of strategic transactions that have positioned us to become Colombia's largest independent E&P company. These transactions were designed to add complementary assets that enhance our scale, deepen our portfolio, strengthen the profitability and duration of our business for long-term growth. Starting with the Frontera transaction, for $725 million, This $725 million acquisition adds roughly 37,000 barrels equivalent a day of highly accretive production with strong industrial logic and compelling synergies. It materially increases our reserves inventory and strengthens long-term production visibility while being secured at an attractive valuation. Importantly, we are bringing in a deep branch of core technical talent and operational capabilities that will further strengthen our organization and enhance our ability to execute across the large asset base. The transaction also supports more efficient capital allocation across the portfolio, enabling us to direct free cash flow from mature assets to our highest return development and exploration opportunities. Secondly, the expanded partnership with Ecpatrol with the Magdalena and the Magdalena Basin. We have entered into an agreement with Ecpatrol that allows barracks to earn a 50% participating interest in the Kasabi and Yanito blocks in Colombia's Magdalena Basin through $250 million gross capital investment commitment over five years with no upfront acquisition cost. The transaction further expands our strategic partnership with Equipetrol and reinforces our longstanding collaboration in Colombia. These mature fields currently produce approximately 15,000 barrels a day and offer significant long-term upside through enhanced oil recovery, water flood optimization, and development drilling initiatives. The transaction provides a proven operating base with a clear path to incremental production growth, leveraging Pax's established track record of enhancing recovery through the application of proven technology. Upon completion of these strategic transactions, Prax is expected to become the largest independent Colombian-focused exploration and production company, with average production of 82,000 to 91,000 BOE a day, nearly doubling corporate production, alongside a land position exceeding 7.9 million acres and significant long life reserves. This expanded business provides a scale, inventory depth, and financial capacity to drive superior long-term returns while enabling more disciplined allocation toward our highest return opportunities. With that, I'll now turn it over to Eric to speak on our current operations. Eric, please go ahead.