Petrus Resources Ltd. (PRQ) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.438 Hello, and thank you for standing by. Welcome to Petra's Resources third quarter 2025 00:00:05.438 -- 00:00:11.526 earnings conference call. At this time, all participants are in a listen-only mode. 00:00:11.526 -- 00:00:15.992 After the speaker's presentation, there will be a question and answer session. 00:00:15.992 -- 00:00:20.879 To ask the question during the session, you will need to press star 11 on your telephone. 00:00:20.879 -- 00:00:24.704 You will then hear an automated message advising your hand is raised. 00:00:24.704 -- 00:00:28.972 To withdraw your question, please press star 11 again. 00:00:28.972 -- 00:00:33.016 I would now like to hand the conference over to Ken Gray, Petra's CEO. 00:00:33.016 -- 00:00:35.337 You may begin. 00:00:36.140 -- 00:00:42.367 Good morning, and thanks for joining the Petra's Resources Q3 earnings call. 00:00:42.367 -- 00:00:48.113 I'm Ken Gray, CEO of Petra's, and I'm joined by our executive team 00:00:48.113 -- 00:00:53.038 of Matthew Wong, CFO, Matt Scandrup, COO, 00:00:53.038 -- 00:00:58.101 and Lindsay Hatcher, VP, Commercial and Corporate Development. 00:00:58.368 -- 00:01:03.255 The results of the drilling we did in the first half of the year are reflected in our 00:01:03.255 -- 00:01:05.218 Q3 results, 00:01:05.218 -- 00:01:11.467 with production up 7% and cash flow up 17% from last year. 00:01:11.467 -- 00:01:16.474 These are exceptional results, especially when you consider the quarter saw some of the 00:01:16.474 -- 00:01:20.640 worst commodity pricing we have ever seen. 00:01:20.640 -- 00:01:22.883 So how did we do this? 00:01:22.883 -- 00:01:28.120 By managing our business to handle the volatility we see in oil and gas 00:01:28.120 -- 00:01:29.741 prices, 00:01:29.741 -- 00:0...