Tourmaline Oil Corp. (TOU) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Tourmaline Q4 2025 results conference call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on March 5th, 2026. I would now like to turn the conference over to Scott Kirker. Please go ahead. Thank you, Operator, and welcome, everyone, to our discussion of Termaline's financial operating results for the quarters and years in December 31, 2025 and December 31, 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 Form 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 Hurd, Tourmaline's Vice President of Capital Markets. We will start with Mike speaking to some of the highlights of the last quarter and the full 2025 year. After his remarks, we will be open for questions. Go ahead, Mike. Thanks, Scott, and thanks, everybody who dialed in. So we're pleased to announce our Q4 2025 Disclosure and Reporting and update on 26 activities so far. So a few highlights, we had record production in Q4 of 25, and that carried on and set a new record in January of this year. We added 829 million BOEs of 2P reserves in 25, including a corporate record single year organic 2P addition of 457 million ...