Operator

Hello. Thank you for joining PetroTal's Q1 results webcast. Your presenters today are Manolo Zuniga, President and CEO; and Camilo McAllister, CFO. As usual, questions can be submitted via the platform during the webcast, and we'll do our best to answer them in the time available. Manolo, can I hand over to you? Thank you.

Manuel Zuniga Pflucker
President, CEO & Director

Thank you, Mark, and good morning, everyone, and thank you for joining PetroTal's Q1 2026 webcast, where we're going to discuss the financial and operational results we released overnight. My name is Manolo Zuniga, and I am the President and CEO of PetroTal. I am joined today by Camilo McAllister, our Executive Vice President and Chief Financial Officer. If you have clicked on the link in this morning's press release, you should hopefully see our slide presentation on your screen.

But before I begin, I should mention that there are some disclaimers towards the end of the main presentation on our website, which I encourage you to read after our prepared remarks. On Slide 2, we have provided a summary of our key operational and financial metrics. Starting on the left-hand side, we highlight our recent production performance.

In the first quarter of 2026, PetroTal delivered average production of approximately 14,900 barrels of oil per day, modestly lower than the prior quarter. As we will discuss later in the presentation, we remain comfortable with our full year production guidance of approximately 12,000 barrels per day. Reflecting the recent strength in oil prices, we have increased our EBITDA guidance to a range of [$10 million to $110 million], a significant increase from our prior outlook of $30