Parex Resources Inc

TSX:PXT

Earnings Call Transcript 2018-Q2

[Operator]

Good morning, everyone, and welcome to Parex Resources' second quarter earnings call and webcast. Yesterday, Parex released its unaudited financial and operating results for the quarter ended June 30, 2018. Like all Parex disclosure documents, the complete financial statements and related MD&A are available on the company's website at www.parexresources.com and on SEDAR.Before turning the meeting over to Mr. Dave Taylor, President and CEO of Parex Resources Inc., I would like to mention that this call is being recorded. So it will be available for playback on the company's website.Parex would like to remind everyone that remarks made during this session are subject to forward-looking statements, which involve significant risk factors and assumptions and have been fully descri bed in the company's continuous disclosure reports. The information discussed is made as of today's date and time, and Parex assumes no obligation to update or revise this information to reflect new events or circumstances, except as required by law. [Operator Instructions] I would now like to pass on the meeting to Parex' President and CEO. Please go ahead, Mr. Taylor.

[David R. Taylor, President, CEO & Director]

Thanks very much, operator. Thank you for joining us today for Parex 2018 Second Quarter Earnings Conference Call. With me today is Ken Pinsky, Chief Financial Officer; Eric Furlan, Chief Operating Officer; and Mike Kruchten, VP of Capital Markets and Corporate Planning. Please be advised, we're using this conference call as a form to discuss the ongoing business and current operational results. We will not be discussing the matters related to the news release entitled, Parex To Explore Potential Strategic Repositioning, dated July 17, 2018. Given the nature of the process and the need for confidentiality during the process, we won't be providing updates until such time as the board approves a definitive transaction or a strategic repositioning alternative or otherwise determines that further disclosure is necessary or appropriate. Our plan is to conclude this process by year-end 2018. Like all our earnings calls, the format of this session is Q&A with our audience. We are opening the line to questions right away.

[Operator]

[Operator Instructions] There are no questions registered on the phone lines at this time. I would like to turn the meeting back over to Mr. Taylor.

[David R. Taylor, President, CEO & Director]

Thank you very much. I would like to take this opportunity for your interest in Parex and your continued support of the company. For further information, we invite you to visit our webcast or calls. Thank you again, and have a good day. Operator?

[Operator]

Thank you, Mr. Taylor. The conference has now ended. Please disconnect your lines at this time, and we thank you for your participation.