Whitecap Resources Inc.

Good morning, my name is Sylvie and I will be your conference operator today. At this time, I would like to welcome everyone to Whitecap Resources 2023 Results and Reserves conference call. Note that all lines have been placed on mute to prevent background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star then number one on your telephone keypad. And if you would like to withdraw from your question queue, simply press star then number two. I would now like to turn over to Whitecaps President and CEO, Mr. Grant Fagerheim. Please go ahead, sir.

Thanks, Sylvie, and good morning, everyone, and thank you for joining us this morning. Here on the call with me are five members of our management team, our Senior Vice President and CFO, Tone Kang, our Senior Vice President of Production and Operations, Joel Armstrong, and our Senior Vice President, Business Development and Information Technology, Dave Morin-Bouquet. We also have Joy Wong, our Vice President of the West Division, and Chris Bolin, our Vice President of the East Division, joining us as well. Before we get started today, I would like to remind everybody that all statements made by the company during this call are subject to the same forward-looking disclaimer and advisory that we set forth in our news release that was issued yesterday afternoon. We are very pleased to report strong operational and financial results for 2023. Our assets in each of our East and West divisions have performed exceptionally well with average production for the year at 156,501 BUE per day, comprised of 66% oil and liquids, 34% natural gas, which equates to 11% growth on a per share basis over 2022. Of the 215 wells drilled, 181 were in our 80% Northern Liquids East Division, and 34 wells in our West Division, which is 60% natural gas, 40% liquids highlighted by our Montney and DuVernay assets. From a financial perspective, we reduced debt by over $500 million since the end of 2022, and upon reaching our second internally set net debt milestone in the second

Please stand by, Mr. Fagerheim, as disconnected.