 With the major recent acquisitions of ExxonMobile acquiring Pioneer for $59.5 billion and now Chevron buying HES for $53 billion, the oil and gas industry is heating up once again. I'm joined today by Wedgemount Resources' president and CEO Mark Vanri to discuss the advancement of the production for their central Texas oil and gas assets. Mark, welcome. Thanks for having me on, Brandon. I appreciate it. And thank you for coming on. Well, the last time you spoke with our team, you had said there should be a lot more growth to happen, and that's exactly what you've just announced with the commencement of your largest enhancement program to date. Can you walk us through what this is and what it means for your company? Yeah, absolutely, Brandon. We're excited about the upcoming growth through the enhancement program. Previously, as we've announced in the market over the past few months, we've been doing chemical treatments to our Willow Bend and Millican wells, and have been able to grow production on a very economic basis by about 500 percent since we took them over our second program here doing the much larger chemical enhancements of the reservoirs. Really, this almost acts like a frack on a conventional reservoir. We're really opening up the reservoirs to allow them to produce at hopefully much higher rates and over a sustained period of time. So we will commence. We're actually commencing those this week. We're doing our initial 15 wells, and we're optimistic that we can continue to grow the production. I'm not going to say they're going to grow another 500 percent like they have to date, but we're optimistic that those numbers will continue to increase number one. But overall, we should be able to get better recoveries from the wells, too, which is absolutely key to growing the reserves of the company. So again, that kicks off this week, and that program will go through the balance of the year and 15 wells initially, and then on our new acquisition, we'll be doing another nine wells early in the new year. Yeah, and that's a perfect segue as well, because that's a question that I'd like to ask you. You also recently mentioned that you continue to target the closing of your previously announced TCS project acquisition on or before October 31st of this year. How will this acquisition boost your overall production? And do you have any estimates on how many BOEs per day you seek to be at by the end of the calendar year? Yeah, the TCS acquisition, which I'll remind people is actually within a couple of miles of our producing assets. So it fits in very nicely within our core area, as far as logistics, infrastructure, oil sales, you name it. It's a really great fit for us. So that asset, when we announced it, it was producing about 27 BOEs a day. That's all light oil production. That's not including any of the gas there. When we actually take over the asset on October 31st, I think the production probably be a little bit higher than that, as we've seen some very basic ways in which to optimize some of the wells, everything from power to pumps, but very low-cost ways to optimize. Once we take over those assets on the 31st of October, subsequent to the 15-well program that I just announced, we'll get into those wells. As far as growth from those wells, it's hard for me to say at this point in time, but I think if you look at what we've done with the Willow-Benn and Millikan assets, I'd be disappointed if we were not able to grow the TCS assets on the same percentage basis. So the initial assets, as I mentioned before, we grew about 500%. If we could get anything close to that, I'd be very happy. As far as to address your question as where we'll be production-wise by the end of the year, it's hard to say right now because as the program goes along, we have to turn off wells, some of our wells in which to do the chemical treatments and the formation stimulations, but by the time we get everything back on, which should be sometime around Christmas and New Year, I'd be disappointed if we couldn't grow production kind of 50% from where we are right now. But we'll have to see the reservoirs and the wells will tell us the story, but we're certainly optimistic we can grow it. To put an exact number on it right now would be, I think, a bit slightly premature. But again, in our minds, we'd like to see a 50% bump in production. It's possible that it's bigger than that. We'll just have to wait and see. The Strategic Petroleum Reserve in the US is at its lowest point in over 40 years, all while crude is now marching above $90 a barrel once again. What does the current macro environment look like for domestic supply and demand for oil, and how do you seek to further penetrate into this market? Yeah, global supply and demand, that's always a tough one because there's so many different factors. But I'd just like to focus on a couple of key issues facing the world when it comes to petroleum. Number one, the world is now consuming about 102 million barrels per day. Global declines are anywhere between 50% to 20% per year. So just to stay flat, the world needs to find 15 or 20 million barrels per day. So an outside of the shale base of the US taxes, which is kind of our backyard, there's been very limited growth on a global basis of new supply. The IEA has global consumption going to about 110 million barrels a day by 2030. So not only do we have to find enough oil to counterbalance the declines in global production, we need to find about 8 million barrels a day of increased production just to meet global demand. So in our opinion, the supply demand fundamentals are really solid and we're really excited about it going out through 2030 and beyond. Currently, another factor here is that lack of OPEC spare capacity. OPEC has really been driving this market as everyone is pretty familiar with, with the Saudi cuts and the Russian cuts and they've been fairly disciplined on that. But if you actually look at the spare capacity for OPEC, they're at their lowest levels in really over the last 20 to 25 years. So we think again lack of large new projects coming on globally and OPEC discipline should keep us in pretty good shape. Right off the top, you mentioned the Strategic Petroleum Reserve in the US, which Biden sold a lot of last year. Gosh knows how they're going to refill that or what prices they're going to refill that at. So yeah, we're bullish on the fundamentals. They'll be ups and downs like there always is in the oil market. But we tend to focus a little bit longer term and we're really focused on that global demand of 110 million barrels a day plus over the next five to seven years. Yeah, and speaking on what you're focused on, acquire, optimize, exploit, and grow is your corporate strategy. Currently sitting at a six and a half million dollar market cap, what can investors expect from your company over the coming months in terms of potential catalysts and plans for further growth? Yeah, growth is really the focus right now. As we mentioned off the top, we've got our production enhancement program kicking off actually kicked off this week already. We expect some fairly significant growth through just our current assets that we have. Again, we've got the two assets, Millican and Willowban. As you mentioned, we're going to be picking, closing the TCS acquisition, so I'll have a third asset. So I think continued growth with our existing assets with optimizing the wells, chemical treatments, well workovers, you name it, that's going to enable us to grow quite significantly. At the same time, we will continue to look for assets in our core area that make sense for the company. We've closed three, we have a bunch more in our pipeline that we'd like to get to in the first quarter of 2024. So I think you'll see continued growth both organically through the work we're doing in the field and additional acquisitions in our core area of Central Texas. Yeah, fantastic to hear. And once again, thank you so much, Mark. For anybody who's looking for information, you can always look right down there. There's the link to your website, lots of information about your company. Mark, thank you so much for your time and look forward to speaking to you again in the near future as well. Thanks again, thanks again, Brandon. Really appreciate your time as well. We're excited about what we're doing and we'll be happy to give an update later this year.