Petrus Resources Ltd. ($PRQ)

Good day, and thank you for standing by. Welcome to the Petrus Resources Year-end 2025 Results Conference Call and Webcast. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Ken Gray, President and CEO. Please go ahead.

Good morning, and welcome to the Petrus Resources conference call. I'm Ken Gray, CEO of Petrus. And as usual, I'm joined here by our executive team of Mathew Wong, CFO; Matt Skanderup, COO; and Lindsay Hatcher, VP, Commercial and Corporate Development. We've just released Petrus 2025 Q4 and year-end results, but that seems like ancient history given the recent world events and developments here at Petrus. I'm not going to say too much about 2025. It was a good year for us from an execution standpoint. We drilled 13 operated wells very efficiently, lowering our overall well cost and generating excellent productivity from the wells. We expanded our focus to include the oilier Belly River formation, where we drilled several wells that helped increase our liquids weighting. We added to our undeveloped land and continued to invest in our infrastructure. We held production flat, slightly increased cash flow and continued to pay our high-yielding dividend. We achieved all this despite overall pricing being even weaker than in 2024 with falling oil prices and the LNG premium failing to materialize. These results point to the strength of Petrus, both the team and the assets and to the bright future for the company. We're only just over 2 months into 2026, but it's already been quite an eventful year. Wars and other actions in oil regions around the world have dramatically increased oil prices. It is extremely frustrating to us that we have this tremendous resource here that the world requires and yet government policies over the last decade or so have limited our ability to get it to where it's needed. Our efficiency as an industry has allowed us to grow to record production levels despite chronically weak prices. It is a shame we are not able to do more today. Let's hope we as a country can correct this and be in a better position to help out in the future. Petrus will continue to do its part. Already in 2026, we have drilled 6 wells, 4 of which will come on production at the end of this week. We completed an acquisition of a complementary oil-weighted Deep Basin asset at Harmattan, which added about 2,000 BOE per day of production and undeveloped lands that we expect to begin drilling on this summer. At Petrus, we are proud of what we do and what we have accomplished, and we will continue to efficiently find, develop and produce affordable energy for Canada and the world.

[Operator Instructions] I'm showing no questions at this time. Thank you for your participation in today's conference. This does conclude the program. You may now disconnect.