Petrus Resources Ltd. (PRQ) Q2 2025 Earnings Call

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WEBVTT 00:00:00.706 -- 00:00:06.615 Good day and thank you for standing by. Welcome to Infectious Resources Q2 2025 00:00:06.615 -- 00:00:10.741 results call. At this time, all participants are in a listen-only mode. 00:00:10.741 -- 00:00:14.026 Please be advised that today's conference is being recorded. 00:00:14.026 -- 00:00:17.731 After the speaker's presentation, there will be a question and answer session. 00:00:17.731 -- 00:00:22.338 To ask a question, please press star 1-1 on your telephone and wait for your name to 00:00:22.338 -- 00:00:26.144 be announced. To withdraw your question, please press star 1-1 again. 00:00:26.144 -- 00:00:31.910 I would now like to hand the conference over to your speaker today, Ken Gritt. 00:00:32.752 -- 00:00:39.019 Hello and thanks for joining Petrus Resources 2025 Q2 earnings call. 00:00:39.019 -- 00:00:44.484 My name is Ken Gray, CEO of Petrus, and I'm joined here by our executive 00:00:44.484 -- 00:00:49.890 team of Matthew Wong, CFO, Matt Scandra, COO, 00:00:49.890 -- 00:00:55.113 and Lindsay Hatcher, VP, Commercial and Corporate Development. 00:00:55.355 -- 00:01:00.461 Q2 results were quite robust as we started to see the results of our accelerated 00:01:00.461 -- 00:01:04.274 capital spending in the first half of the year. 00:01:04.274 -- 00:01:09.742 Production started to pick up as we brought on five, two net wells 00:01:09.742 -- 00:01:14.790 in our north area area in May. This was made possible by 00:01:14.790 -- 00:01:19.957 the completion of the north area pipeline extension, connecting our farrier gas 00:01:19.957 -- 00:01:25.385 plant to the furthest north of our cardium acreage. 00:01:25.385 -- 00:01:30.785 This is the area where we drilled the company's best cardium well back in 2021. 00:01:30.785 -- 00:01:35.1...