 Well, hello everybody. This is Byron King with Investor Intel. Today we're going to speak with a man named Mark Varney with a company called Wedgmont Resources and they are in the old-fashioned oil business in Texas where they drill wells and they produce oil. It's not artificial intelligence. It's not super high-tech, although much of the energy business is that as well today. But we're talking about good old-fashioned oil and gas coming out of the ground. Hello Mark. You have a company that's new to many people in the market. Many of our viewers probably don't know much about you. Tell us about Wedgmont. What is this company that you put together? Thanks Byron. Wedgmont is a newly listed company just in 2021 and we are a brand new entrance into the Permian Basin, in particular the eastern shelf of the Permian Basin in Central Texas. We announced our first asset acquisition on December 31st of 2022 and we are now working on our first acquisition just south of the town of Abilene, Texas. We anticipating adding more assets to the portfolio in our immediate core area over the coming months. And some people have asked us as a Canadian listed company why Central Texas? I think it's pretty important. Obviously it's one of the most prolific hydrocarbon basins in the world. And we had the opportunity when we first looked at the area to partner with an established drink heat operator with a 40-year track record in Central Texas that brings us the relationships with the local industry, with the local landowners to really give us we feel an advantage over some people as far as doing deals and getting work done in this part of Texas. So that's an absolute key for us. There's a multitude of financially strapped operators in Central Texas here because of the downturn from 2014 to 2020. I think everyone would should be familiar with that. Obviously oil prices before even COVID from the fall of 2014 through 2020 was a pretty tough time. So there's a lot of distressed owners who are keen to sell. Well that brings up an interesting point there. So here you are, you're in Texas which knows a few things about the oil business. They've been doing it for 140 years. And so you've just mentioned distressed assets people are looking to sell. I think what a lot of people think of the Texas oil industry today, they think of the booming Permian Basin which is what's got. But you're not there exactly. You're over to the east of that in a more traditional area of vertical wells. This isn't all fracked up like a pin cushion or whatever. So what is it that you're doing in this area? What are you bringing to the table to the owner operators out there? Why would they want to work with you? Yeah, Byron, you hit the nail on the head there. So as most people know the large shale operators kind of in the center of the Midland Basin from kind of Midland Texas west of the New Mexico side. And those large operators, everyone from Exxon Mobile to Chevron to Pioneer Natural Resources have literally stocked all the resources including people, equipment, capital, technical expertise out of the conventional central Texas oil industry, which really has been the backbone of the industry there for 70 or 80 years. So everyone is focused on that area. And obviously these larger companies in order to grow and to move the needle need these large shale targets over over thousands of acres to, you know, to grow production. For the rest of us and smaller operators, midsize operators, central Texas has literally been abandoned and we're able to go in there because of our partner. We have the full turnkey operation side with all the services we need with the relationships with the landowners and go to the areas that have been ignored. You should really think about it. A lot of these areas are like people bought a car 17 years ago and they've done nothing to it. A lot of the conventional vertical wells that we're looking at were drilled 10 to 20 years ago. No work has been done on them and we are able to go in, do chemical workovers, sorry, chemical treatments and workovers, news zone purfs that nobody has touched for a long period of time. So we see a huge amount of opportunity really because they've been under optimized, underdeveloped and under capitalized. So that's interesting. Now these are old vertical wells. We're not talking about these directional wells like you hear about in the fracking country. Like I said, they're drilled with these old rotary bits that are full disclosure. My first job as a geologist was in the Permian basement in west of where you are, but out in the Midland Odessa area. But this was one of the drill bits from one of my first oil discoveries here. But so you're out there picking up these older wells that need the work and then you bring capital and you bring the new expertise that maybe the existing operator cannot afford or just has not been able to muster the team that they need to do the work. Is that the business plan? You're exactly right. And people ask me like, why are these people selling? What's going on down there? Why is the opportunity so good? But again, a lot of the owners here are distressed and a lot of them, for example, are family owned businesses. And we got offered a deal the other day where the fellow who ran the business, he wanted to retire. His kids didn't want to get into business and that person's looking for an exit. And because our partner Petrosaurus has these local relationships, they're the first call. So that's why that's kind of the strategy what we're doing here. So acquire distressed asset, consolidate the adjacent properties, enhance and optimize the existing well. So to give you an example, in Reynolds County, there's only a handful of horizontal wells out of the thousands that have been drilled throughout the history of the industry here. And so what our partner is able to do and what we're able to do is go into these mature fields. For example, our Willben field number one, we go in, we do chemical treatments of the wells and formations, we do workovers, and then we'll do new zone purfs. And so far, the results that we've been getting have just been outstanding. We're really excited about the upside potential. So think about it very basically, we can go in and for a very low purchase price and a very inexpensive chemical treatment, we can get all our capital back in a very short period of time and all the growth on the other side of that will be funded by cash flow. It's truly an excellent opportunity. So in a sense, what you're doing is you're going around to the smaller operators, operations, and you're doing kind of a roll up of these old wells, then you apply capital to them, modern technology, modern treatments, and you're going to be able to ramp up the output because after all, it's all about producing and selling barrels, right? Got the business plan going forward. That is, it's really a rinse and repeat process, right? So what we wanted to do on our Willben asset, which was a small asset to start, is show the market to show people that we know what we're doing, that we're able to grow the production and not just grow production, but grow production on a really economic basis for extremely, we're able to add flowing barrels. Our goal, we stated our initial PowerPoint and we could do it at sub $5,000 per flowing barrel and so far, we're ahead of that. So exactly rinse and repeat firing. There's a ton of opportunity here, but we really wanted to prove it on asset number one. Now we're in a position to go out through the further assets in our area and really consolidate it and get a core area where we can grow. So that's an interesting number. So for $5,000 per barrel of increase, and then you figure, you know, pick a number, let's just say, let's say $50 a barrel, let's use a really super conservative number for right now. So in 100 days, you basically get your money back 100 days times $50 a barrel, you'll get your $5,000 back. Yeah, and we're actually modeling, it's actually even better than that, but I'm happy to go, I'm happy to be conservative and for us to under promise and over deliver on that. And I think people will see, you know, as the news comes out with us, we'll start to be able to talk about what we're adding production on an EP per flowing barrel because at the end of the day, it's all about capital efficiency. Okay, Mark, we're going to wrap it up here for the viewers out there. Tell the viewers, where are you listed? How would they buy your shares? And obviously, you have a website, but where are you listed and how would people buy your shares? Yeah, we're listed, Byron, on the CSE in Canada. Ticker is WGWGY and we're also listed on the OTCQB. Ticker is WDGRF, WDGRF in the US. Most liquidity is in Canada, however, at this point in time. Okay, so you're a brand new operation, ramping up oil production in classic old oilfield country in kind of West Texas, sort of central West Texas with a plan to grow production. Wedgemount Resources, everyone take a look at them and see what you think.