Good morning, ladies and gentlemen. Welcome to the Greenfire Resources Third Quarter 2025 Results Conference Call. [Operator Instructions] The conference is being recorded. [Operator Instructions]. I'll now turn the meeting over to Robert Loebach, Vice President, Commercial. Please go ahead, Robert.

Thank you, operator. Good morning, and welcome to Greenfire's conference call for our Q3 2025 results. Please note that today's call includes forward-looking statements and references non-GAAP and other financial measures. We encourage you to review the associated risks detailed in our latest MD&A. Unless specified otherwise, all monetary figures discussed today are in Canadian dollars. Capital expenditures and production figures presented today are based on our working interest net to Greenfire, unless noted otherwise. Joining us on today's call are key members of the Greenfire team, including Adam Waterous, Executive Chairman; Colin Germaniuk, President; Jonathan Kanderka, Chief Operating Officer; Travis Belak, Vice President, Finance; and Riley Waterous, Principal at WEF and Observer on the Greenfire Board. Upon conclusion of our prepared remarks, we will open the floor to questions from research analysts. I will now hand the call over to Colin.

Good morning, and thank you, everyone, for joining Greenfire's Q3 2025 Conference Call. On this morning's call, there are 3 topics I would like to discuss before opening up the call to questions from our analysts. First, I will provide an overview of Greenfire's recapitalization plan. Second, I will provide an update on Greenfire's current year operations. And third, I'll provide a progress update on our longer-term development plans. As we have previously communicated with our stakeholders, it's no secret that we believe the business today has too much leverage, in part due to the current oil price outlook, but more importantly, due to the significant amount of growth capital that needs to be invested to optimize the assets. At current strip pricing, Greenfire's heavy growth capital focused long-range plan means Greenfire is poised to materially outspend cash flow over the next 2 to 3 years, increasing our debt balance further. Accordingly, we have determined that a refinancing transaction, which results in not only a change in the structure of Greenfire's debt, but also an absolute debt reduction of the business is a critical first step to embarking on our organic growth business plan to fill the plant capacity at the Hangingstone facilities. With that background, I'm very excited to announce a transformational recapitalization plan for Greenfire in which we intend to fully repay all of our outstanding senior secured notes via a combination of cash on our balance sheet and a $300 million equity rights offering, which will be fully backstopped by Waterous Energy Fund. Our rights offering is an equity capital raise offered to Greenfire's existing shareholders, whereby each Greenfire shareholder has the opportunity to subscribe for their pro rata share of the offering, in turn, giving all shareholders an equal opportunity to participate and avoid being diluted.…

[Operator Instructions] There are no questions. I will now turn the conference over to Robert Loebach for closing remarks.

Thank you, operator. On behalf of Greenfire, we appreciate you joining us on our Q3 2025 results conference call. Have a great day.

This concludes today's conference call. You may now disconnect.