Alvopetro Energy Ltd.

Good morning. Thank you for joining us for our Q4 earnings call. And before I get started, I'm Corey Rakam, President and CEO. On my right is Allison Howard, our Chief Financial Officer, and on my left is Adrienne Adet, our Vice President, Asset Management.

Good morning, everyone. Just a few administrative points before we start. We will be recording today's call, and we will have a replay available on our website later on this afternoon. All attendees are placed in listen-in only mode for the duration of the call. We will have a Q&A session at the end of our presentation, and you can start logging any questions you have now using the Zoom Q&A portal that you should see on your screen if you're logged in on Zoom. If you've dialed in, you can send any questions to socialmedia at elbowpetro.com. Lastly, we do go through various non-GAAP measures and some oil and gas metrics, and we do make forward-looking statements throughout our presentation. So, I do encourage everyone to read all of the cautionary statements and various disclosures that we have, both in our MD&A that was released yesterday, as well as in our corporate presentation. It's in the last few slides of our corporate presentation that's on our website.

All right. Thank you, Alison. So, you know, 2025 really was an exceptional year for Alvo Petro. I think if you look at year over year, our production growth was about 41% to average 2,500 and 23 barrels of oil equivalent per day. And then with the strength of the 183D4 well on our 100% owned Merck 22 asset, it really helped us exit the year quite strongly. We recorded record production in the fourth quarter of 2025. up to nearly 2,900 barrels of oil equivalent per day. And that was up 22% from the third quarter. And something to note is in the orange bar that you see on the graph there, it did include 148 barrels of oil per day from our Canadian assets that we added last year. And then to note, 2026 is off to an extremely strong start for us. We posted a record monthly production number in January of close to 3,100 barrels of oil equivalent per day. And if you look at the January and February average, if you projected that through, just even assuming that that stays at that level through the year, averaging over 3,000 barrels of oil equivalent per day, that would be up over 22% from the 2025 average.