Operator
Good morning, ladies and gentlemen, and welcome to the Advantage Energy Limited Q3 2025 Results Conference Call. [Operator Instructions] This call is being recorded on Wednesday, October 29, 2025.
I would now like to turn the conference over to Brian Bagnell, Vice President. Please go ahead.
Brian Bagnell
VP of Commodities & Capital Markets
Thank you, Joanna, and welcome, everybody, to our conference call to discuss Advantage’s third quarter 2025 results. Before we get started, I’d like to refer you to our advisories on forward-looking statements that are contained in the news release as well as advisories contained in Advantage’s MD&A and annual information form, both of which are available on SEDAR and on our website.
I’m here with Mike Belenkie, President and CEO; and Craig Blackwood, our CFO; as well as other members of our executive team. We’ll start by speaking to some of our financial and operational results. Once Mike has finished speaking, we’ll pass it back to the operator for questions.
And as usual, we’d like to ask that if you have any detailed modeling questions that you follow up with us individually after the call, and finally, I’ll note that we have posted an updated corporate presentation on our website. So with that, I’ll turn it over to Mike Belenkie. Mike, please go ahead.
Michael Belenkie
President, CEO & Director
Thank you, Brian. And thanks, everyone, for joining us this morning. For Canadian gas producers, the third quarter was clouded by the lowest AECO prices in




