Strong Production Performance
Q3 2025 average production of 634,750 BOEs per day, at the high end of guidance range of 625,000 to 635,000 BOEs per day. Fourth quarter production expected to average between 655,000 and 665,000 BOEs per day with a '25 exit volume of 680,000 to 700,000 BOEs per day.
Natural Gas Storage Agreement and LNG Contracts
Entered into a long-term natural gas storage agreement with AltaGas at their Dimsdale storage facility. Secured 2 short-term and long-term LNG gas supply contracts, complementing the existing portfolio.
Earnings and Cash Flow
Third quarter 2025 cash flow was $720 million and third quarter '25 earnings were $190 million.
Cost Reduction Initiatives
Q3 2025 corporate OpEx of $4.80 per BOE was down $0.34 per BOE from the first half of the year, approximately a 7% improvement. Continued focus on margin improvement initiatives.
Special Dividend
Declared a special dividend of $0.25 per share payable on November 25, with plans to declare the quarterly base dividend of $0.50 per share in December.