High Arctic Energy Services Inc. (HWO) Q1 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

All participants, please stand by. Your conference is now ready to begin. Good morning, ladies and gentlemen. Welcome to the High Arctic Energy Services 2024 Q1 Results Conference Call. I would now like to turn the meeting over to High Arctic's Chief Executive Officer, Mike McGuire. Please go ahead, Mr. McGuire. Thank you, Melanie, and good morning to everyone. Welcome to High Arctic's first quarter conference call. Today I'll be providing an update on the press release we issued after markets closed yesterday, May 15th, including discussion of our financial performance for the first quarter of 2024. Following my remarks, I'll hand the call over to our Interim Chief Financial Officer, Lon Bate. Lon will be discussing our financial performance for the quarter in more detail. After our formal comments, we'll open the call to answer any questions that you may have. Before we begin, I'd like to remind you that certain information presented today may include forward-looking statements. Such statements reflect High Arctic's current expectations, estimates, projections, and assumptions. These forward-looking statements are not guarantees of future performance, and they are subject to certain risks, which could cause actual performance and financial results to vary materially from those contemplated in the forward-looking statements. For additional information on these risks, please take a look at our management's discussion and analysis and the 2024 annual information form available on our website or on CDAR+. Look under the heading Risk Factors. Starting with operations in Papua New Guinea, and during the quarter, Rig 103 had strong operational performance. This represents the fourth full quarter of drilling activity for the corporation since the suspension of operations i...