Tourmaline Oil Corp. (TOU) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Tourmaline Q2 2025 results conference call. At this time, note that all participant lines are in the listen-only mode. Following the presentation, we will conduct a question and answer session. And if at any time during this call you require immediate assistance, please press star zero for the operator. Also note that this call is being recorded on Thursday, July 31st, 2025. And I would like to turn the conference over to Scott Kirker. Please go ahead, sir. Thank you, Sylvie, and welcome everyone to our discussion of Termaline's financial and operating results as at June 30, 2025, and for the three and six months ended June 30, 2025 and 2024. My name is Scott Kirker and I'm the Chief Legal Officer here at Termaline. Before we get started, I refer you to the advisories on forward-looking statements contained in the news release, as well as the advisories contained in the Termaline Annual Information Forum and our MD&A available on CDAR and on our website. I also draw your attention to the material factors and assumptions in those advisories. I'm here with Mike Rose, Tourmaline's President and Chief Executive Officer, Brian Robinson, our Chief Financial Officer, and Jamie Ford, Tourmaline's Vice President of Capital Markets. We'll start with Mike speaking to some of the highlights of the last quarter or year so far, and after his remarks, we'll be open for some questions. Mike, please go ahead. Thanks, Scott, and good morning, everyone, and we're happy to review our Q2 results and then... answer some questions. Highlights, second quarter average production was 620,757 BOEs per day, and that was at the midpoint of the guidance range that we provided on May 7th, and up 10% from the second quarter of 2024. Second quar...