Petrus Resources Ltd. (PRQ) Q1 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.740 -- 00:00:05.946 Good day and thank you for standing by. Welcome to Petrus Resources' first quarter 2026 00:00:05.946 -- 00:00:11.093 results conference call. At this time, all participants are on a listen-only mode. 00:00:11.093 -- 00:00:14.617 After the speaker's presentation, there will be a question-and-answer session. 00:00:14.617 -- 00:00:19.203 To ask a question during the session, you will need to press star 1-1 on your telephone. 00:00:19.203 -- 00:00:22.747 You will then hear an automated message advising your hand is raised. 00:00:22.747 -- 00:00:27.172 Today's conference is being recorded. I will now hand the conference over to your speaker 00:00:27.172 -- 00:00:32.983 host, Matt Kendrick. Chief Operating Officer, please go ahead, sir. 00:00:33.226 -- 00:00:37.070 Good morning and welcome to the Petrus Resources Q1 2026 00:00:37.070 -- 00:00:43.317 conference call. I am Matt Skendrup. I am the COO here at Petrus. 00:00:43.317 -- 00:00:48.362 Ken Gray, our CEO, is not available this morning for our call. 00:00:48.362 -- 00:00:53.948 I am joined by our CFO, Matthew Wong, and our VP Corporate and Commercial Development, 00:00:53.948 -- 00:00:55.972 Lindsay Hatcher. 00:00:55.972 -- 00:01:01.078 We just released Q1 2026 quarter results, and this quarter has been an 00:01:01.078 -- 00:01:04.822 interesting start to the new year, to say the least. 00:01:04.822 -- 00:01:09.868 We have seen and continue to see dramatic volatility in the oil market, and 00:01:09.868 -- 00:01:14.934 inflationary pressures due to rising energy prices have suddenly started to make an 00:01:14.934 -- 00:01:19.577 impact on people's lives, no matter where you live. 00:01:19.765 -- 00:01:23.670 The effect that the current conflict in the Middle East is having on the su...