Parex Resources Inc.

Hello, everyone. Thank you for joining us and welcome to the Perixx Resources Q2 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 one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Mike Kruchten, Senior Vice President of Capital Markets and Corporate Planning. Mike, please go ahead.

Thank you. Good morning, everyone, and welcome to Parks Resources' second quarter 2026 conference call and webcast. My name is Mike Kruchten, and on the call with me today are our President and Chief Executive Officer, Imad Mohsen, our Chief Financial Officer, Cameron Grainger, and our Chief Operating Officer, Eric Furlan. Please note that at any time, telephone participants on the call can press star 1 to submit a question. As a reminder, this 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 Imad. Please go ahead.

Thank you, Mike, and good morning, everyone. Over the first half of 2026, Barracks completed major transactions to become Colombia's largest independent EMP company. This has resulted in the company nearly doubling its production guidance to roughly 86,000 barrels per day at the midpoint and expanding our footprint to over 7.9 million acres. With these transactions behind us, our focus shifts to capturing synergy and delivering strong operational performance. First, the Frontier transaction is officially closed with the integration processing smoothly. This major acquisition has added stable production, both top-tier technical talent to our team and significantly added to our long-term reserves. Today's updated reserves report information reinforces our acquisition thesis and validates our capital allocation strategy. As we continue to evaluate the portfolio, Foundational work is already underway to unlock operational and strategic synergies that will generate compounding efficiencies over time. Second, our Magdalena partnership with Ecopetrol has closed, and we have secured all regulatory approvals. Through a $250 million five-year capital program and zero upfront acquisition costs, we have secured a 50% interest in the Casabe and Yanito blocks, which have significant oil in place. Operational momentum is building as we prepare to begin drilling our first wells, which will trigger our 50% participation in the blocks, currently roughly 15,000 barrels a day of production growth. Beyond current volume, this acreage offers significant long-term upside through water flood optimization, EOR, and development drilling. Third, on the organic front, there are very encouraging We are very encouraged by our recent success in Eastern Llanos at Llanos 111 where we have delivered four discoveries so far in 2026. Our team views this area as highly prospective and we are actively developing a multi-year development and egress strategy with plans to drill up to 20 wells over the next 12 months to grow and expand this region. Looking ahead to the second half of 2026, I'm energized by our operational momentum, especially as we prepare to spot our Piedmont exploration prospect in the foothills, which represents a major growth opportunity for Barracks. With that, I'll turn it over to Eric.