Alvopetro Energy Ltd. (ALV) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.514 a few administrative points before we start. 00:00:03.514 -- 00:00:09.000 We are recording today's call and there will be a replay on our website later 00:00:09.000 -- 00:00:14.005 on this afternoon. In addition, all attendees have been placed in listen-in 00:00:14.005 -- 00:00:19.270 only mode for the duration of the call. As per usual, we will have a Q&A 00:00:19.270 -- 00:00:24.715 session at the end of the presentation and you can start logging any questions now using 00:00:24.715 -- 00:00:28.313 the Q&A button that you should see on your Zoom screen. 00:00:28.313 -- 00:00:34.899 If you've dialed in by phone, you can send us any questions to socialmedia at elvopetro.com. 00:00:35.243 -- 00:00:40.209 And lastly, just before we start here, we do make various forward-looking statements 00:00:40.209 -- 00:00:43.274 and we go through non-GAAP measures throughout the presentation. 00:00:43.274 -- 00:00:48.120 And so just please review all of the cautionary statements and other disclosures that 00:00:48.120 -- 00:00:53.548 you can find at the end of our presentation, which is posted on our website 00:00:53.548 -- 00:00:58.385 and also in our most recent MD&A, which we just released yesterday. 00:00:58.385 -- 00:01:00.786 Thank you, Alison. 00:01:00.851 -- 00:01:03.136 So let's start off with our production results here. 00:01:03.136 -- 00:01:08.548 Just as a recap, if you remember, before we came on production from our Cabaret project, 00:01:08.548 -- 00:01:10.693 our pre-commercialization 00:01:10.693 -- 00:01:16.325 production guidance was basically equal to our firm sales under our Bahia gas contract 00:01:16.325 -- 00:01:21.338 at that time. and it was also equal to the unit 00:01:21.338 -- 00:01:26.709 productive capacity multipl...