Valeura Energy Inc.

Hi, everyone. Thanks for joining us for Buller's 2026, I almost said 25, 2026 AGM. My name is Robin Martin, SVP Communications and Investment Relations. Just a few housekeeping items before we get going. No fire drill scheduled for today, so if we hear an alarm, it's the real deal. If we need to evacuate, that'll be through the back of the room, up the stairs, out the front door, and we'll follow the instructions from the Petroleum Club thereafter. Today's event is being broadcast and recorded, and we'll make that available online later today or tomorrow. Running order for the day. So, in a moment, I'm going to hand over to Dr. Tim Marchant, our chairman, who will take us through the formal AGM. Thereafter, Tim will hand over to Dr. Sean Guest, our CEO, to do a business update. At the end, we'll take a Q&A session. We can do that live with those of you in the room. And for those who are listening online, you can either type your questions through email or type them through the MS Team system. So, with that, over to you, Tim. 4 o'clock on the dot.

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So, good afternoon, everybody. It is 4 o'clock, and I will ask that this meeting come to order. My name is Tim Marchant, and I'm the Chairman of the Board of Directors of Valura Energy. I will ask for the chair for today's meeting. On behalf of Valura, I'd like to welcome you all to today's meeting, and I'd also like to welcome the shareholders and others listening on our live audio broadcast. Before we proceed with the formal business of the meeting, I'd like to introduce the directors and the management of Valura, who are present today. And I would ask that each stand momentarily, if I remember to call their names. First, our directors. Tim Chapman. Anna Green. Russell Hescock. Lena Livy. Sean Gess, also our CEO, as you well know. From the management team, we have Yassine Ben-Mirren, our CFO. We have Greg Koloski, our member this year, our COO. Kelvin Tai, our EVP, Corporate General Counsel and Corporate Secretary. Robin Martin, who's already introduced himself to you. And James Boyd, who's our Chief Information Officer. And also, we're also joined today by our outgoing director, Jim McFarland, and our founding CEO. And our new director nominee, Joe Tompkins. You can get to know Joe after the formal proceedings. Before proceeding with the business of the meeting, I would like to inform the attendees of the meeting that the board decided to extend the cutoff for proxies in respect to this meeting by an additional 24 hours from the original deadline. And all proxies received prior to 4 p.m. May the 13th, so yesterday, have been accepted. For this meeting, Kelvin Tang will act as the secretary. and I appoint the representatives of Computer Share Trust Company of Canada to act as the scrutineers. Thank you. The notice of calling this meeting the form of proxy and the mailing request form to present to all those that requested printed copies of the information circular. These were mailed to all registered shareholders on April 17th, 2026. The declaration of mailing is available for inspection by any shareholder and I would ask the secretary to file a copy with the minutes. I've been advised by the scrutineers that the quorum has been met for this meeting. The scrutineer's report is available for inspection by any shareholder, and I would ask that the secretary file a copy of this also with the minutes. With that said, I declare that the meeting is regularly called and properly constituted for the transaction of business. As Robin said earlier, for convenience, we've divided this meeting into two parts. The first part will deal with the formal business of the meeting and is the most exciting. The second part will consist of a presentation by strong guests or presidents and CEO on the operations of Allura and will be followed, as Robin said, by questions from registered shareholders and proxy holders. To facilitate the timely completion of the formal business, arrangements have been made with certain shareholders to move and second the resolutions to be considered. Votes will be conducted by way of ballot. If you are a registered shareholder and have not received or submitted a form of proxy, or you are a proxy holder and you have not received a ballot, please identify yourself to the scrutineers and a ballot will be provided for you. Thank you. The first item of business is the presentation of the 2025 audited financial statements of the LURA and the auditor's report therein. The financial statements are available on CDAR Plus and have been sent to those shareholders who have requested copies. The next item of business is the appointment of the auditors. May I please have a motion for such business?