Valeura Energy Inc.

Hi, everyone. Thanks for joining for this Valora Energy webcast. Today we're discussing the news we released earlier today, our Q2 2025 results, as well as commentary on the recent FarmIn announcement. My name is Robin Martin, Vice President, Investor Relations and Communications. Joining me on this call are Sean Guest, our CEO, Yaseen Ben Mariam, our CFO, and Greg Kalowski, our COO. We're recording the event today, August 7th, 2025, and we'll make a replay available through our YouTube channel and website later today. Running order for the event, we're going to start with prepared remarks by Sean, Greg and Yaseen, followed by a Q&A session. For that portion, I'll guide us through. Options for asking a question are you can press the raise button in Teams, which will indicate to me that you'd like to ask a live question, in which case I'll make your microphone available. You can press the Q&A button to type a question to us or you can email us using IR at ValoraEnergy.com. So with that, Sean, go ahead and unmute your microphone and I'll hand over to you.

Thanks, Robin. If you could just step forward a couple of slides, just past the disclaimer slide, let people review that at their leisure to the first slide we've got. Yeah, thanks very much. And thanks for everyone joining us here today. Last month, late July, I was actually up in Bangkok for about 10 days straight on some business. And as I kind of reflected back on that, I was thinking, you know, the reason for that trip and a lot of the business is doing at that time was really more related to the longer term future of Valora in Thailand. Now, I know a lot of the time when we're talking to you, we're very much focused and remain so on the cash flow, on the near term value add. But really all of that trip I was up there was very much focused on the longer term value, not what are we going to do in the next year or two years, but what is Valora going to be doing in Thailand in the next five to 10 years? Obviously, one of the key elements is we finished the negotiation at that time of the deal with PTTP, the strategic farming that we announced in late July. And at that time, I was up there as well with Coon Montree, the CEO of PTTP, and we did that announcement there. Another reason I was up there was we actually had a whole exploration workshop within the company, really looking at all the acreage we now had, the whole of the Gulf of Thailand is to where the opportunities for the future of the company. And then finally, the other thing was we went out with a group of us from the company to tie it up on Steel's yard and they've started the construction of the Wasana platform now. And it was just really good to go out there for the first official steel cutting and to look forward to that this facility is extending the field life out to forty three and really allowing even the future development tiebacks there. So really, it was that focus on the longer term view and the change we made in the company and not just looking at that cash flow immediately, but how do we great this company to grow into the future? So I'll start with a bit of information on the strategic farming. I'll then hand over to Greg for a couple of slides on with Q2. We took the FID on Wasana and then finally over to Yassine to really talk about the details of the Q2 financial results and to bring us to conclusion there. But what's really nice is looking at the share price as well, we see the good uptick we really got in that strategic deal with PTTP. And that's why I'll focus on that quite a bit. I just look at some of the market data and that one thing to note in recent times is we've actually seen Bailey Gifford, who's been a long term supporter and one of our biggest shareholders, actually increase her position over the past month.

OK, Robin, next slide, please. So the deal with PTTP,