Alvopetro Energy Ltd. (ALV) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.416 Just a few administrative points before we begin. 00:00:03.416 -- 00:00:08.584 We are recording today's call and we will have a replay available 00:00:08.584 -- 00:00:13.591 on our website later on this afternoon. All attendees have been placed 00:00:13.591 -- 00:00:18.398 in listen-in only mode for the duration of the webcast, but we will have a Q&A session 00:00:18.398 -- 00:00:22.925 at the end of our presentation. So if you have any questions, you can start sending those 00:00:22.925 -- 00:00:26.828 in now using the Zoom Q&A button that you should see on your screen. 00:00:26.828 -- 00:00:33.292 If you've dialed in by phone, you can send us any questions to socialmedia at albopetro.com. 00:00:33.794 -- 00:00:38.578 Lastly, we do go through various non-GAAP measures and we make forward-looking statements 00:00:38.578 -- 00:00:44.062 throughout this presentation. So we do encourage you to review all the cautionary statements 00:00:44.062 -- 00:00:49.447 and additional disclosures, both on our corporate presentation and on our most recent 00:00:49.447 -- 00:00:52.249 management discussion and analysis 00:00:52.249 -- 00:00:55.372 that was just released yesterday for Q2. 00:00:55.372 -- 00:00:58.514 All right. Thank you, Alison. So 00:00:58.514 -- 00:01:03.740 as we previously announced, we did upgrade our gas sales agreement with Bahia Gas 00:01:03.740 -- 00:01:09.267 late last year, and as part of that we did increase our firm gas sales volumes 00:01:09.267 -- 00:01:12.448 by 33%. That, combined 00:01:12.451 -- 00:01:15.615 with some considerable operational successes, 00:01:15.615 -- 00:01:21.282 has resulted in a very strong start to 2025 for us. 00:01:21.282 -- 00:01:26.629 As per last quarter, Our production was up 41% quarte...