8/6/2026

speaker
Corey Ruttan
President and Chief Executive Officer

Good morning. Thank you for joining us today for our Q2 2026 results webcast. I'm Corey Ruttan, President and CEO, and I'm joined by Alison Howard, our Chief Financial Officer, and Adrian Audet, our Vice President, Asset Management.

speaker
Alison Howard
Chief Financial Officer

Hi, everyone. Just a few administrative points before we begin. We will be recording today's webcast, and we'll have a replay available on our website later on today. All of the pennies have been placed in listen-in only mode, but we will be hosting a Q&A session that we'll get to at the end of our presentation. You can start logging any questions you have now using the Zoom Q&A feature. You should see a button on your screen there, so you can start sending in any questions at any time. If you dialed in by phone, you can send questions to socialmedia at elvopetro.com. Lastly, we will be going through various non-gap measures, oil and gas metrics, and we will be making some forward looking statements throughout this presentation so please do read the various cautionary statements we have at the end of our corporate presentation that's posted to our website and all of the further disclosures that are in our MD&A also on our website.

speaker
Corey Ruttan
President and Chief Executive Officer

Talk about our production. I recall we had some pretty strong results last year. We had 41% year-over-year production growth last year. But certainly the first half, our first part of 2026 here is off to a pretty strong start as well. If you remember, we had record quarterly production in Q1 at over 3,100 barrels a day. Q2 at 3,067 barrels of oil equivalent per day was pretty consistent with that. and we also announced yesterday our July production update, which again is over 3,100 barrels a day. So first seven months of 2026, again quite strong, roughly another 25% over that 2025 average that we had.

Disclaimer

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