Good day, and welcome to the Kolibri Global Energy 's Second Quarter 2025 Financials Conference Call. All participants will be in a listen-only mode. Media may monitor this call in a listen-only mode. They are free to quote any member of management but are asked to not quote remarks from any other participant without that participant's permission. If anyone has any trouble and needs assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your touch-tone phone. To withdraw your question, please press star, then two. Please note that this event is being recorded. I advise participants that this conference is being recorded today, August 11, 2025. This call will be available on the company's website at www.kolibrienergy.com. Here is a disclaimer. This call may include forward-looking information regarding Kolibri 's strategic plans, anticipated production, capital expenditures, exit rates, and cash flows, reserves, and other estimates and forecasts. Forward-looking information is subject to risks and uncertainties, and actual results will vary from the forward-looking statements. This call may include future-oriented financial information and other financial outlook information which Kolibri discloses in order to provide readers with a more complete perspective on Kolibri 's potential future operations, and such information may not be appropriate for other purposes. For a description of the assumption on which such forward-looking statements are based and the applicable risks and uncertainties and Kolibri' s policy for updating such statements, we direct you to Kolibri 's most recent annual information form and management's discussion and analysis for the period under discussion, as well as Kolibri 's most recent corporate presentation, all of which are available on Kolibri 's website. Listeners should not place undue reliance on forward-looking information. Kolibri undertakes no obligation to update any forward-looking, future-oriented financial or financial outlook information other than as required by applicable law. I would now like to turn the call over to Mr. Wolf Regener, the President and CEO of Kolibri Global Energy Please go ahead, sir. Thank you, Nick, and thank you everyone for joining us today. With me on today's call is Gary Johnson, our Chief Financial Officer. As I'm sure you're all aware, we released our second quarter 2025 results this morning, and we're very pleased with what we've achieved this quarter, which continues to build on our last few years' results in multiple ways. Production from the field has been going very well with our second quarter, over $3,200 BOE a day, in spite of us temporarily shutting in about $540 BOE per day of wells for the Lobina well completions. Our operating expenses remain low with just over $7, that's $7.15 a BOE. We increased our line of credit, which is something that we have with our banking syndicate, Heartland Bank of Oklahoma. Further in the field, we have brought on the four Lobina wells that have shown a very high well percentage and are still cleaning up drafting stimulus employees, and we'll be testing the Ferguson well over the coming weeks. We are starting two new wells, the Barnes 6-31-2A and 3A. Basically, it's full speed ahead with operations. Things are going very well, and we're looking forward to increasing our production further this year. Now, with that, I'll turn the call over to Gary to discuss our financial results. All right. Thanks, Wolf, and thanks, everyone, for joining the call. I'm going to go over a few highlights of the second quarter and year-to-date results, and then you can take questions at the end of the call. All amounts are in US dollars unless otherwise stated. I'll start by going over the second quarter results. Average daily production was up 3% to $3,220 BOE per day compared to $3,128 in the prior year quarter. The increase is due to production from the wells that were recently completed in the last six months of 2024. The increase was partially offset by several wells that were shut-in during Lobina well completions operations, which temporarily reduced production in the quarter by $540 BOE per day. All these wells are now back on production, although some of them are now dewatering. Net revenue decreased 22% to $10.8 million compared to the prior year quarter due to a 24% decrease in average realized prices and lower oil production from the shut-in wells. D&A expense decreased by 9% during the quarter to $1.4 million due to lower accounting and auditing fees compared to the prior year quarter. Adjusted EBITDA was $7.7 million compared to $10 million in the prior year quarter, which was a decrease of 23% due to lower prices. Net income was $2.9 million and basic EPS was $0.08 per share in the second quarter of 2024, compared to $4.1 million or $0.11 per basic share in the prior year's second quarter. The decrease was due to lower revenue in the quarter. Our netback from operations decreased to $29.66 per BOE compared to $40.40 in the prior year quarter. This was due to lower average realized prices for the quarter, which were partially offset by lower operating expenses per BOE due to adjustment tools in the prior year quarter and lower water hauling costs. Moving on to the year-to-date June results, average daily production for the year-to-date June was up 13% to $3,646 BOE per day compared to $3,216 in the prior year period. The increase was due to production from the wells that were drilled during the last six months of last year, and again, this was partially offset by production loss from the shut-in wells during the quarter. Net revenue decreased slightly by 3% to $27.2 million compared to $28.1 million due to a 14% decrease from average realized prices, partially offset by the increase in production. Net income was $8.6 million and basic EPS was $0.24 per share compared to $7.4 million and $0.21 per basic share in the prior year period. The increase was due to lower operating and interest expense and realized and unrealized gains on our commodity contracts in 2025, partially offset by the lower revenues. Adjusted EBITDA was $20.5 million compared to $20.4 million in the prior quarter, as lower operating expenses and lower realized losses on commodity contracts were offset by the lower revenues. Net back from operations decreased 14% to $34.05 per BOE compared to $39.66 in the prior year period. This was due to lower average prices, partially offset by lower operating expenses per BOE. I also wanted to add, as Wolf mentioned, that our credit authority will redetermine in the second quarter, and our borrowing base was increased by 30% from $50 million to $65 million. The continuing increase in our borrowing base gives us more flexibility in managing our working capital going forward and also demonstrates the growing value of the field. As we discussed in earnings, we will have nine new wells that will start production in the second half of the year. We anticipate significant increases in both production and cash flow in the last two quarters of the year. With that, I'll hand it back to Wolf. Thanks, Gary. As Gary laid out, we had a solid second quarter. While our oil prices were lower during the quarter, we've still performed very well and are looking to continue the success we've had over the last few years. The company has had quite the growth, and with the activity going on, we're looking to continue that. As Gary said, bringing on nine wells in the second half of the year, as expected, might have a big impact on our cash flow, especially since the last wells we brought on were in December of 2024. In addition, we are intending to continue recurring capital to shareholders in the form of share buybacks. We're just in the month of July. We purchased about $130,000 shares. Overall, our plan is to continue to execute and build and grow company value for all shareholders, and we'll continue to get the word out about how the company for shareholders and potential shareholders, as we have a number of conferences and presentations that we'll be making later on this year still. This concludes the formal part of our presentation. We'd be pleased to answer any questions you now may have. We'll now begin the question and answer session. Again, to ask a question, you may press star, then one on your touch-tone phone. If you are using a speaker phone, please pick up your handset before pressing the keys. If at any time your question has been addressed and you would like to withdraw your question, please press star, then two. At this time, we will pause momentarily to assemble our roster. Your first question today will come from Steve Ferazani with Sidoti. Please go ahead. All right. Good afternoon, Wolf, Gary. I appreciate, Gary, you taking the questions today. Wolf, given the timing of the Lobina wells coming online and now the expectations that those two more wells and the completion scheduled, any thoughts on the original production guidance you provided for this year? Should we be rethinking that at all? Not so far, but I mean, we'll monitor that. If we see something that changes our guidance, you know, outside of the range, then we'll definitely put that out. Let's see how these wells clean up and how they come along. It's also price-dependent, right? Of course. Speaking to that, given the oil price environment and given where your share price is right now, was there any thoughts in altering your term, your capital allocation plans, slow down at least the completions maybe, and focus on the buyback? You know. Right now, we're still going forward where we are. You know, when we look at what our economics are on these wells, based on the type of curves that Nedlow and Sewell put together, they look like they're going to make us good money even in the $60 oil price range. I obviously like the prices to be higher. We make more money there. For now, yeah, we'll do it. Like you said, we always have the option if prices suddenly drop and not, then we can delay the completions if we need to. At this point, we're not anticipating that. I think we can make good money at these prices. At this stage, we're looking to go ahead and complete those just on schedule. Great. In terms of the Lobina wells, I think in the operations release, you noted the higher liquids content. Were you surprised by that? Does that shift at all where you might drill next or how you completed them? If you could just add a little bit of context around that. Yeah, sure. The offset wells were a little higher as well. These were a little bit higher than even the offset wells. This part of the field had a little lower of a gas oil ratio in general. It was lower than as we just offset these offset wells a little bit. We anticipated that it wasn't that far off. It's encouraging that it worked out kind of like it was anticipating and a little bit better, actually. We have high hopes for running this new thing in and just having a stabilized share or higher rates and hopefully having really low declines because we don't have any gas that's just going to blow off. Okay. Any thoughts? I know it's probably way too early on the Ferguson well and how you're thinking about the east side acreage. Yeah, no, just way too early. It's still the same range. Everything drilled them in the right spot. Everything went to completions, got all stages off, and everything went fine on the completion part of things. We got effective stimulation. Now it's in Mother Nature's hands as far as the blowback goes, and we're kind of ready for a go out of it. Great. Yeah, thanks, Wolf. All right. Thank you. Thanks, Steve. Appreciate it. Again, if you have a question, please press star and then one. Please stand by as we poll for questions. Seeing no further questions, this will conclude our question and answer session. I would like to turn the conference back over to Mr. Wolf Regener for any closing remarks. Thank you, Nick. Thank you, everyone, for joining the call. Appreciate it. Appreciate Appreciate your continued support of shareholders and maybe even some new shareholders here to understand the company a little bit better. Thank you, and hope everyone has a great day. Take care. The conference is now concluded. Thank you for attending today's presentation. You may now disconnect.