Conference is being recorded. [Foreign language]. All participants, thank you for standing by. The conference is ready to begin. Good day, ladies and gentlemen. My name is Patrick, and I will be your conference operator today. At this time, I would like to welcome everyone to the NXT Energy Solutions Q1 2025 results conference call. All participants will be in listen-only mode for the first part of the conference call, with the ability to ask questions after the presentation by the company. For the question-and-answer session, if you would like to ask a question, please press star one on your telephone keypad. Should you wish to withdraw your question, you may press star two. I would now like to turn the meeting over to Mr. Bruce G. Wilcox, President and CEO of NXT Energy Solutions. Please go ahead, Mr. Wilcox. Thank you, Patrick. Welcome, and thank you everyone for joining us today for NXT Energy Solutions' 2025 first quarter financial and operating results conference call. My name is Bruce Wilcox, NXT's Chief Executive Officer. Joining me on today's conference call is Mr. Eugene Woychyshyn, VP of Finance and CFO. The purpose of today's call is to briefly discuss the highlights of the release of NXT's 2025 first quarter financial and operating results, and to give some color as to how efforts in the last year resulted in the first quarter strong results and relate to NXT's new business growth strategy. Our CFO, Eugene Woychyshyn, will start with a financial review, and I will follow with perspective on our business outlook. Following our update, we will open the line for questions. Please note all statements made by the company and management during this call are subject to the reader's advisory regarding forward-looking information and non-GAAP measures set forth in our Q1 2025 press release and MD&A issued May 8, 2025. All dollar amounts discussed in today's conference call are in CAD unless otherwise stated. The complete financial and operating results and consolidated financial statements for the 2025 first quarter were published on May 8 and are available on NXT's website, SEDAR+ website, and on EDGAR's website. Now, over to Eugene for the financial review. Thank you, Bruce. First, I'll start with the review of our financial results for the first quarter of 2025. The company completed data acquisition of the SFD survey flown for its strategic alliance partner, Synergy E&P Limited, in Q1. As a result, the company recorded SFD-related revenues of approximately CAD 12.6 million for the quarter of 2025 versus CAD 600,000 for the first quarter of 2024. Due to the activity of the survey during the quarter, SFD-related costs increased over 219%. All this contributes to a net income of CAD 7.68 million for the first quarter of 2025, including non-cash expenses totaling approximately $ 1.35 million. This compares favorably to a net loss of CAD 1.7 million for the first quarter of 2024. Net income per share for the quarter was CAD 0.10 per share basic and CAD 0.08 per share diluted, as compared to a net loss per common share of CAD 0.02 in the first quarter of 2024. Cash flow provided by operating activities was approximately CAD 1.47 million during Q1 2025. This again compares favorably to approximately CAD 590,000 used by operating activities in Q1 2024. We ended the quarter with cash and short-term investments of approximately CAD 2.03 million. The net working capital was approximately CAD 610,000 versus a negative working capital of approximately CAD 6.68 million at December 31, 2024, an improvement of approximately CAD 7.2 million. General administrative expenses increased by approximately CAD 87,000 in Q1 2025 as compared to 2024 due to increased business activity and related support costs. For more details on these items, please review our first quarter 2025 financial statements and management discussion analysis, which are available on both Cedar Plus and on EDGAR. To summarize the key financial points, first, there's been a significant improvement in profitability fueled by the SFD survey. Second, as a result, we have had positive operating cash flow, and net working capital also became a positive number again, all signs of our potential. Finally, and most importantly, our financial position has improved, giving us the ability to begin focusing resources on sustainable growth. One quarter does not guarantee success, but Bruce will discuss how we will move forward methodically on this good start to the year. The company will remain focused on the business fundamentals of revenue generation and growth and prudent cost control as we execute the previously announced SFD survey contracts and continue to add to our sales funnel with our strategy of frequency, adjacency, and repeatability. I would now like to turn the call back over to Bruce to further discuss our business update and forward plans. Thank you, Eugene. To begin, I want to convey my sincere thanks to everyone for their support over the last year. I especially wish to express my gratitude to our strategic partner, Dr. Darryl Acobo, CEO of Synergy E&P, for his leadership, mentoring, and tangible support during this period of change for NXT. Our last conference call was over a year ago, and I believe it is an important time to provide a comprehensive update on our progress and forward-looking plans. As Eugene mentioned, the company had a strong first quarter, strongest in nine years, to be exact. Having spent 40 years on Wall Street, I'm reminded of the saying, "One quarter doesn't make a year, and one year doesn't make a career." NXT is fully committed to executing its new business growth strategy, which was implemented a year and a half ago when I first took over leadership of the company by becoming interim CEO. The central theme of this strategy is frequency, adjacency, and repeatability. The business growth strategy's objective is to generate diversified revenue growth, concentrating efforts on the four most highly active exploration regions in the world: Africa, South and Southeast Asia, the Americas, and the Turkish Middle East region. Since inception, we have announced six new contracts, including another repeat contract in Africa, press release May 1, all of which are scheduled to be executed and largely completed by year's end. I want to reiterate my vision for the company that I brought forward at the beginning of my leadership and our progress on this vision today. The vision and strategy can be summarized in a handful of keywords: one, actively market; two, high-grade; three, diversify; four, monetize; five, collaborate; and six, grow. Let me report each in more detail. Actively market. After being nominated for the Best Exploration Technology Award at the 2023 Gulf Energy Awards in Houston, Texas, NXT won the award in October 2024. Shortly afterward, in December 2024, NXT was in New York City having to name the finalist at the Platts Global Energy Transition Award. By the way, Platts is the oldest industry journal covering the oil and gas sector. This is evidence that industry recognition is increasing. Our own business development and outreach efforts are proving successful. Increased survey activity in multiple international markets that are active in exploration also raised industry awareness. Two, high-grade. Quality prospects with regards to value, revenue potential, and adjacent opportunities. Our announcement on May 1 of another African SFD survey in 2025 is an example of our focus on high-grading work. Three, diversify. First, by geography. We are focusing efforts on highly active areas of exploration. These include Africa, South and Southeast Asia, the Americas, and Turkish regions. We have seen success in these strategies as per our announcement. Contracts in Africa, Southeast Asia, and Pakistan. Second, by company size and type. We will continue to target national oil companies, which generally can produce larger contracts but tend to be slower to commit. We are increasingly engaging with independent oil companies in all focus regions. Our current announced and completed contracts are with a diversified set of companies. Four, monetize. NXT possesses over 140,000 line kilometers of survey data, which remain unmarketed to the industry. Five, collaborate. We continue discussions with other oil and gas service providers, such as seismic survey and data service providers, to explore opportunities to work together to our mutual benefit. These discussions are exploratory in nature with the purpose of determining if and where possible synergies exist. Six, grow. Grow revenues and earnings. Growth equals shareholder value. Quarter one was a good start. We will continue to focus on the business fundamentals of excellent execution, which will lead to organic growth. In summary, we remain committed to executing our business growth strategy and increasing shareholder value. Before closing, I want to recognize and thank our outstanding staff for their dedication, perseverance, and accomplishments. On behalf of our board of directors and the entire team at NXT, I want to thank all of our shareholders for their continued support. I now ask our operator, Patrick, to open the line for us to take your questions. Thank you. You may now press star one if you have a question. First question is from Jerome Hass from Lightwater Partners. Please go ahead. First, I'd like to congratulate the whole team for an excellent quarter. I felt the best one in recent memory. So well done on that. Also, I'm very impressed with the fact that you were able to hold fiscal discipline despite growing the top line as you did. Kudos on that. My question is with regards to best prospects for this year. Is it possible that you could outline what the potential revenues would look for for the remainder of this year? Jerome's speaking. We are precluded in virtually all of our contracts in disclosing revenue. You should not expect quarter-over-quarter growth because sometimes we do demonstration projects. I think that we've announced a second Nigerian contract, and I don't want to put a number on it, but it will be a strong revenue year. Okay. Thank you. Thank you. Once again, you may press star one if you have a question. The next question is from [guess-Tom Wood] from [guess-Woodlet]. Please go ahead. Hey, Bruce. Tom is here. I'll say my congratulations and for sure it's the best quarter in long memory. I just wonder if we could talk about where you're just feeling at in terms of runway, which is obviously a great thing having a good quarter like this. I'm wondering, does it still feel like we're in kind of emergency mode, or does it feel like we've got enough in the pipeline right now that we're feeling more optimistic? Okay, Bruce speaking again. We are definitely not in emergency mode. We are in the I've been on the Board of Directors since 2015. This is the most sustainable and substantial financial and operational position we've been in that entire time. We are continuing to we've got a fairly full calendar for 2025. We have very high prospects for the first couple of quarters of 2026. My goal is that we build out the pipeline in the geographies that we've discussed, but we are in a secure financial position and have the luxury of thinking about how we expand our reach and functionality. Great. Thanks, Bruce. Thank you. Next question is from Charles Davidson from Private Investor. Please go ahead. Hi, Bruce. Congrats. You've been at your holdings for a long time, and this is really terrific news and a great quarter. We've got a lot of confidence in your team now. Just a quick question. Where's the company in terms of thinking about backup sensors, not only to cover the additional growth, but if something unforetold were to happen to the existing equipment? All of our sensors were not being deployed in the field, the logs in our office in Calgary, but we have a good inventory of sensors. We continue to build new sensors and test them and condition them. I think that I suppose if you really wanted to get extreme about it, it could be a locational risk, but I think we are very secure with regards to our equipment and our capacity with the existing and emerging sensor inventory. Yeah. Do we have enough? excuse me, okay. Go ahead. Go ahead. Okay. I'll just add a question about, so we actually just had some test sensors up on a flight two weeks ago. We are constantly trying to get these sensors built and qualified. That is an important thing to make sure that we do not have a risk on the sensors. Okay. That's great. For example, if the volume continues to increase, we could possibly run two aircraft if we needed to do that. Okay. So, let me address that. We have a strategic planning committee, and we are thinking ahead. I mean, I think, as I look forward, it is possible and maybe even likely that we will have an additional aircraft in the next few years. The aircraft is the easy part. It is the deployable staff that is more complicated, not complicated, but that needs very careful thought. Look, my goal as a career Wall Street buy-side portfolio manager is to develop a sustainable growth path for this company. Yeah, that probably implies maybe an additional aircraft, maybe, and certainly additional people. Those are things that we are going to do very thoughtfully and very, very carefully. Great. That is good news. We all have a lot of confidence in what you guys are doing because obviously you are producing. Congrats, and it is really great to be part of this program. Thank you. Thank you very much for your questions and your comments. Appreciate them. Thank you. You may still press star one if you have a question. The next question is from Norman Safarian from RBC Wealth Management. Please go ahead. Yes. Congratulations, Bruce. And Eugene, I really appreciate seeing good news. As you know, I'm in the investment business, and that's what we really want. And boy, did you come through. Congratulations. I had one question about Turkey, though. I just wondered how that worked out in the summary of business activities, and is it over, or is there any opportunity to continue to grow business in Turkey? Just curious how that turned out for you. Hi Norm. It's good to hear your voice. I would say Turkey was a very large success. The primary contract we did was for a Turkish independent company partnered with a, I think they were Scottish. You better remind me, Eugene, but it was a U.K.-based company. We executed a survey. The Turkish entity decided that they wanted some more data from us, so we did some independent work. It led to, this is the adjacency part of my kind of business formula. We did a demonstration survey for a, I'll just call it a very, very, very large Turkish entity. Turkey, in my view, was a roaring success. All these E&P communities are pretty small and pretty close, and a lot of people were paying attention. We have an outstanding agent in Ankara. He is sort of working the field there, which is not just confined to Turkey, but there are Turkish operating companies that have interests and/or projects in North Africa. And so again, my theme is frequency, adjacency, and repeatability. I think we've demonstrated frequency, but the adjacency part is really, really important. Turkey, what we've done so far has been a tremendous success, and I think will lead to some pretty promising leads in adjacent geographies. That's fantastic. That's fantastic news. Do you feel confident that that's the way it works on the other projects too? Are you seeing people knocking on the door, so to speak, or are you having to solicit everything you can one by one? How does it go with the prospecting or the gathering of new opportunities going forward? Okay. Norman, having highly qualified regional agents is sort of the foundation of our outreach. So, in Southeast Asia, for instance, we're going to do a fairly small project, a Southeast Asian country, but there are a lot of people, including some giant entities, paying attention. So, I think that our business development conveyor belt is in really, really good shape with our own efforts and with a handful of really, really qualified agents around the world: Southeast Asia, Pakistan, India, Brazil. And so, I think the pipeline development is in really good shape. I appreciate your response. Thank you so much, Bruce. Thank you. Thank you, Norman. Good to hear your voice. Yes. Yours too. Thank you. You may still press star one if you have a question. There are no further questions registered at this time. I would like to turn the meeting back over to Mr. Wilcox. Okay, Patrick. Thank you very much. For all the listeners, thank you for attending. Stay tuned. We're on a really good development path. We appreciate your attendance today, and we're always available for questions, Eugene and myself. Thank you very much for your attendance and your questions. Thank you. The conference has now ended. Please disconnect your lines at this time, and thank you for your participation.