GeoPark Limited (GPRK) 15 Aug 242024 Q2 Earnings call transcript

Good morning, and welcome to the GeoPark Limited Conference Call following the results announcement for the second quarter ending June 30, 2024. [Operator Instructions] If you do not have a copy of the press release, it is available at the Invest With Us section on the company's corporate website at www.geo-park.com. A replay of today's call may be accessed through this website in the Invest With Us section of the GeoPark corporate website.

Before we continue, please note, certain statements contained in the results press release and on the conference call are forward-looking statements rather than historical facts and are subject to risks and uncertainties that could cause actual results to differ materials from those described. With respect to such forward-looking statements, the company seeks protections afforded by the Private Securities Litigation Reform Act of 1995. These risks include a variety of factors including competitive development and risk factors listed from time to time In the company's SEC reports and public releases. intended to to principle described business. All differ statements stated are intended cause that in U.S. financial are complete in the that results a IFRS were actual materially not accordance figures, lists including identify the prepared factors certain could forward-looking list herein, Those of represent in company's with to from are those and otherwise noted. unless dollars Reserves figures standards. correspond to PRMS

Officer; Stacy Development Ocampo, Capital [ Jaime Augusto Maria Markets you from today may is Ocampo, Director; Andres call Catalina Caballero, and GeoPark I'll Martin Director; Chief now Mr. Officer; Chief Dalle Value Financial Chief On the begin. turn Officer; the Shareholder call Shareholder Terrado, Zubillaga, Steimel, Chief Andres director. And Officer; over Value and Technical Rodrigo Ocampo Escobar Mr. and Executive to ], Ocampo. Operating Fiore, Portfolio New

you Good demonstrated operational We're on to report call. morning, our the challenges. and quarter, conference progress In thank second despite quarter some pleased financial results. performance second continued for our joining and strong GeoPark

in taxes. $XX.X Our was of XX%. EBITDA income $X.XX compared to mainly XX% per first million $XXX to to EBITDA share, of by equivalent to million, prices. the Net XX% profit back $XXX noncost impact resulting the million, peso devaluation deferred Colombian over revenue quarter to of affected the on related charges of the higher increased the margin oil increased by Adjusted an

$XX.X the million capital in months having enhance efficiency a employed and GeoPark's quarter. sheet EBITDA providing in our return making cash continues same During $XX quarter net and May, shares Muerta with and any discipline almost of the effective balance after within in cash million for XX%. and the second liquidity quarter, amount The was further in position team's $XX finished $XX other of for a flow repurchasing nearing million time. strong showing capital generation Dutch $XX average the Vaca last invested million GeoPark adjusted million auction and taxes finalization, in down the free available our capital XX investments. continues through Again, X generated in to a paid around Xx payment oil in quarter. GeoPark that quarter dividends on million of assets $X.X paying expenditures of agreements, its worth at strategic flexibility one the one second additional and prepayment financial the through having the

XXXX. $X.X of payable shareholder all third per results $X.XX We quarter amount have the combined million continue the with shareholders, to which with already end in of total growing by the share XX, on $XX approving Dutch September returns returned returned to of dividend auction the equivalent a board will million exceeding over the GeoPark

XXXX, looking As opportunities which in we fields, [ Llanos look before blocks, end campaign as in discoveries Toritos, we barrels Al of the and half second appraisal ahead of exploration from XX new to forward to [indiscernible] our continue workover the we're well our drilling the the potential recent waterflooding as our year. coming block, and day ] a approximately ], drill gross, namely Llanos to basin Saltador, the to currently are [ other Solsar the wells new X producing X Pivita X,XXX expect

to in the year In drill Putumayo the Masata block, before X started prospect. end, activities our civil addition, have already well works first we [ and exploration initial ] X ready getting

And the already quarter. The gross Norte And Mata from XD activities a exploration drilling in our end drilling scheduled wells, X CTO-X effective and is exploration prospectivity forward mention on blocks, drilling to year close that to a quarter, with production July first the to up there. The October. producing the incoming higher of encouraging. The than will by the reach of far and a look which first production It Production boost includes which at this the recent set guidance. Part completion and for important next X,XXX XX% to our peak year's from and drilling well-positioned its for Confluencia success production means and appraisal reported XX,XXX the seismic in mapping day these more target is continue are Mora continue XXX team is higher currently transaction a campaign. is the We Mata gross block operator testing Mora X the continue barrels and barrels following weeks. Llanos beyond. Norte X. than the barrels will our continuing before recent the the block this Mata day rig on time, to we XXXX they coming is block we're [indiscernible] within with wells announced until production in has New XXXX to production new end. produced to that to been production. GeoPark CPO-X Vaca initial the well since X,XXX block third almost is complete, is core from quite drilling a in Block, back so cut, in put as the consolidated Mora block would that exploration are our already in to in number development Results activities our water day less second part increase move immediately and drilling finishing clean wells drilling and on Muerta was Norte water development Llanos an acquisition average stated Norte, in X,XXX as activities level continue. GeoPark's well exploration XX

company. key and on drivers continue your Our sustainability focus financial initiatives, our of strategic confidence in support will growth be for to disciplined performance. our you Thank and management continued

ready We take now any have. may you are to questions

[Operator Daniel Guardiola of the of comes first question BTG. from Instructions] The line

Andres, from end. my just a couple of questions

from toward could the the the share if us, Argentina? if do with be question second The new potential can first know share of envision you with potential the share you company the coming and And mean one half in XXXX. us and also of I behind related to targeting would if I you to all region production related second the year, what to but Argentina. how M&A And like the potential could That strategy. you for my actually inorganic will rational additional if acquisitions in this is and -- opportunities, end. progress

Rodrigo side. Good Daniel. morning. This this Hello, is from

we with the have the Argentina perspective Let's term start in about that production. of question and

the We it That's started the why came we expect again. we performed Norte drill have robust result We during quarter. to the Mata slowly quarter increasing expect production log, during a the year. second What after during day this per increasing barrels XX,XXX 'XX. back

another drilling the milestone important 'XX, second For is rig.

we try tackle So achieve net. for barrel XX,XXX, We base plan the future per XX,XXX the the second need to day where sorry, one. to

year. We of expect to the get that next end drilled by

perfection production in And activity. the term going So we that's have increase. of to the is that

We call. the and the expect that's XX,XXX did guidance day, we XX to year finish per last between that barrel equivalent and

in we still the same line. So

Andreas is I think the big comments going expectations. Daniel, that acquisition of here, picture our everything ahead new on really our is

the is I that doing, on in production contributing cleaning weeks. And doing that of putting now And up wells already if some mentioned to part day, remember, incoming water as we're part should a actually you the X. it's you we're barrels water. was mean, that my still clean If activities in right I XX% and X,XXX remember, zero almost the still it's at these approximately up. producing introduction,

activities high exploration is expectations path. Confluencia, in we the the is from And have that coming big item So productivity initial for underway. of here the that the second and

the of the the haven't are of We Mora. these wells, to completed Mata but have drilling close wells. And we quite course completed

So Mora, that our that we conditions confirmed. encounter to similar expectation less more was in is found Mata and or

is what found we we well so what far within So, expected.

forward play will fully testing the wells. completing us So from production to up look for results opportunities This these to but we continue more Confluencia there. with de-risk entire open drilling and doesn't positive

very job. and in they have right happy We'll operations So, relationship incredible Vaca going with doing how now. great an very operator with the are a Muerta and encouraged the are

operation. members We have GeoPark in already team participating the

operation in them fully get that dedicated people work named X to right. have everything We are to the with

So, so far so really great.

take everybody good for component around I'm key are forward. our that no opportunities inorganic going it's morning. a And think of to I strategy call your going the surprise question opportunities. in Daniel, inorganic

We strong a track a company, inorganic through have, record as opportunities. of delivering value

on standpoint right? opportunities we to that trying capabilities. that's Whilst that component drill We're that what to long provide material to our those down the allocation long-term around focusing our production say done going through believe it that's provide needs you sort focus the is are acquisitions. We think allocation first bring progression in We perspectives through can where inorganic that the focus capital exploration At second one the at new Muerta, on thing we past. time opportunities terms sustainability those is prime and opportunities that the in and to towards not key believe the A into accomplish, is to opportunities that doing type that kind focusing try our be. region, the do still business. when in in not course reserves move we is think have we new biased would the capital dial and actually you barrels, I of into that business. now into, that of renewal our When believe to the to that is, are We the to for that Vaca that look can of strategy that continue scale, medium an those term, assets -- around agenda look future. reserves at immediate from be is component. is access X things we production we immediate business we this primary the and of

this believe of if have We made growth are or be going a that opportunities the that of to day barrels our in of reach a we scale, ceiling lines available to something so XX,XXX next different. the And spoken we company ambition. the are around past

opportunities the liquidity in is up our value believe the type You for we that up market. opens it new different real know, strategic It economic opens for value of business. of And and a shareholders.

times footprint. that I color the Argentina Colombia, I'm And think and many I one the those would are strategy. are and in attention geographic going as past, places are now. in our we course we've the of those focusing Brazil elements are to third the of is So right said that, reiterate the X are, say, And --

us If operating? related I comfortable the may company the with just Jaime. did, feel the at maximum will that to another you is share leverage what level you of Can squeeze one last comment

opportunities, that that We've us we're take and past don't debt and it's put that at going moment times the level. a that's was a sure. looking I the of we of would We're known we if nor company the way type debt-to-EBITDA when we ourselves. us a assets to bit its and at give look we prudent our ratio we look but can Daniel. believe how to had is that, opportunities assets we at that that saying been gross that forward, at the to here, at I is ceiling financial I of know indicated be of to financial frame that's do Of Sure, sustained change. assurance. What going But But you not that heard a for -- when going discipline, at we in nature that right? X.X that into course, ratio, a financial are and flexibility near kind we look manageable. level, those look believe we that nowhere think in of

of Foucaud, [Operator Instructions] question Stephane line Advisors. The next from Auctus the comes

a few. I've got

The one first production. around

and wondering just with the And comes of that model, what prepay give new with was the us do that a my a what's in what's least think half lower you sense And than -- lower the discount year if wondering in I will XXXX? the Trafi, long at the quite a could so tax think, So is improved was longer? is what I an how number discount, -- What Trafi Or that? you cash for current second of did to get of the discount I I is for? the production to the the production you CPO-X, that trying tax that for for the is to And for the net Colombia. what's there confirmation lastly, was expect what is lower prepay? in that have cash quarters in duration in whether something get was to of discount expecting Llanos pay the quarter of the was we in Argentina? Second, I'm I what can in pay CPO-X for carry prepay?

on to I'm Terrado. production going to Rodrigo current question about is talk how this the in around I to you talk Martin cover let Stephane, will Argentina. Nice So, the doing we're again. channels.

So channels, X we for it ways. look at

The is XX. is component Channel X and are CPO-X the one which first third our legacy And blocks, exploration. then

So channels, per in we order a of as CPO-X, those country each X think X,XXX about I'll bit XXXX, early little for by. In fields day. producing on CPO-X where touch than the we in right time are oil These more is were X we blocks a barrels. fields XX barrels If XX,XXX of those. now of the and acquired to XX,XXX producing back when gross barrels goes mature of the little got net we between remember, CPO-X around us and top

already in between block. We're that order peak of we in as we production XX,XXX and published, XX,XXX. the of magnitude reached last quarter Now still net around XX,XXX

As of you naturally are recall, flowing. wells all those

X So those artificial that put second year of on is step of the to for wells. the of half the plan lift wells. next those do We to some in

We drilled It running. have X wells. X exploration that is has rig

Lark then has a exploration the was that of success, was on the wells that was successful chance did we result And XXX out already production, them as have in evaluating a that high low them in the where putting producing in Uaken play and in of well been called X Lark Perico Cisne. One not same had stratigraphic targeting but And and prospect formation. since X of barrels. producing. we north we wells block have Cisne the the X potential of delineating Indico

been that days. to So XX from that's we expect we about well, X, well on results from an Yesterday appraisal a which going Flamenco drilling started has is what perspective. and have in Cante

XD we, this that, addition as that at our seismic kilometers of to acquired square are In teams in XD. the mentioned was about That's we before, data. early we and looking CPO-X, subsurface that do have year, XXX

production on wells, year from recall Andres horizontal required that and horizontal in of doing doing less XX of is positive we the on injector phase When horizontal asset we're has the did payout wells flooding X prospects and provided The million most were like field late they XX% talking very in that wells. to We $XX mentioned, around been envisioning had of and of XX, Those already cash last we've spent that we wells around move going XX also year, for that's, successful been have to CapEx. gross this been the So production, Llanos pretty has into a flow. those of beginning economically. year at what production we stage drilling Right about for now, part block. and Llanos has been we is months, what are additional the if that drilling about water the coming is we're strategy. last as wells some much where rigs Most our past, the the going be and of we drilling.

has wells story. been horizontal a So good

Now we're horizontal ones drilled, why we're running the rig. a as out and who wells of originally releasing that's

by additional do that, which drilling to And do basically well. a were We well, we an is using have another successful horizontal ideas, short it some and existing cheaper. vertical we radius can

next. So of what that's doing part we're

workovers. continue doing We

into some workover going opening the those. that those Our And those we're very again, campaign successful. behind more as pipe, we gets initially left and field has been of formations mature, back

waterflood. deepening successful to We're a about we more. very So reinforcing and going pumps of continue some we're -- the do campaign. doing And XX

doing Llanos we're So the XX. what that's in

As rigs down that drilling keeping that probably when number something bring many you going wells, it's not we're field, the you imagine, can decline and the it's of the field flat. the of not be to

that the that with XX%. the the decline XX% second the activity of we expect to So of going the planned order all got half we to be the is year, for field in of

put component budget, XX our is for always Now When causes. Llanos affecting is several root together assume we blocks, we of these that blockages. and the both other CPO-X downtime

been social One the was a that one the CPO-X reasons it our saying And that, been that assume of downtime. blockages The in seen Llanos of chance and X.X, assumed them in had had blocks. And for a for had year that guidance maybe even of when it's we XX, much. and we why that being look of below the on there in at And CPO, we we we has it these what Xx has is around unrest. that. numbers the block year XXXX around same we're had is the And end low X% assumed XXXX. X our twice blockages

blocks, we're So the local, of only also associated national entities regional the we ours, see that's hydrocarbon working petroleum in that also It's most the the with blocks. operators are Colombia. neighboring in agency but and the something with that not something that and government with

address. So that's wanted something that we to

that The Last in exploration. had we throughout operations the our component other discoveries wells component Colombia. year of have we in Ecuador X is and

were Specifically exploration barrels they We Llanos year, blocks those XXX are us. blocks, to to In and we close those wells, the net X Saltador, and started X,XXX they're And about if barrels Andres in were back we mentioned, X producing for today, XX the and had net Colombia they producing, look to us. producing X,XXX. year like Bisbita CPO-X. very successful Toritos,

really that's story. good a So

oil per latest more is We per of coming. one we barrels around one day around is The other drilling of one and that of and the oil rig have XXX is rig we day. that barrels drilled, them X producing area, have got in wells XXX the producing

in the we encouraged XXX. about we're have the Llanos So results that

more to that drilling in keep X wells will block. about We X

is component that for adjacent the in speak, other that block The to is Platanillo That we've in civil we're we Putumayo is the works. been years, as X Putumayo pushing which Basin, have a we And about exploration doing X. the block.

], So called in that we well [ followed the Masata well to first another mentioned, October, Andres spot drill expect like by November, well.

So program [indiscernible] mainly flooding, where beyond into goes wells, have and expect to gets having water pushing we as stages we from new Colombia. have we the for results XX continue exploration more CPO-X vertical workovers, but mature around will good ideas that the Llanos continue -- our in

Stephane, this Rodrigo. Hello, is

moving to are Argentina. We

production and we can quarter the for producing you are barrels, the was As see, level X,XXX last average same today.

We shutting wells have at We to operation the XX we the what the by far ] [ workover we the that X. on But some business are news are a in wells in started pad with the good from time. new pad and expect the last February, did coming the that model away results pads.

of operator So this the side I really top ] The is of that drill to Even that with of are result we well [ Vaca that There results there part is of we started those wells better achieving And think it there. good. the only P-XX the our is have the the estimation. of we [ level characteristics that learning in They center call of the is than ]. wells X the area. The as the Muerta, mentioned. expect, we it C-X.X are the located in block. curve I above are

path, have that we over So the meters of after have. is a the X,XXX shorter is horizontal we P-XX leg. as performance the though Even X expectation this months,

wells, mentioned, it start The is Pad ago, we have put the X #X production and other recent news levels, [ pad days #X. ]. I good the C-X.X as that XX same because C-X we on

block. part talking are Muerta. north good. are Vaca the located pretty of this results side about of the The the we in is So top But

at the We beginning. are

least the We are far moment, away But cleaning at the the well. we are from at P-XX.

as is happy and something of but So good see performance we subsurface, wells. wait technology we performance, a the at there very But decline mentioned, Why the what have I perfection. to new related has is are with doing. the we the the are there new moment, with

perforation oriented both pads. in have We

next a Confluencia. the pad the contributed that something That's of part is lot performance that this lower apparently, we the be is the so to well. in going in block. exploratory first drill The And next

cannot yet. the excited We what saw are in with production We we logs. promise very

that have Mora. We find, see we productivity going to the to the Mata is at least projection but see than similar we're

at So wells. are with X the are we In had that case, we very that happy long moment. result wells. Those the

moment. the as X,XXX we putting finish production as soon is and production. So lateral it between in What as expect Mata new an almost the about XX,XXX are are legs That's from a talking and increase Mora we a well. Confluencia day, the barrels XX,XXX year on we at wells to

to Thanks your Stephane, cover points. X questions. I'm this for the going is other Jaime.

kind around facts I one, put let is first The the room. on one lower guess of cash taxes. in that some me

of the $XX The the our if the year. that's where have tax season payments that tax we're outflows which going we you the first And is, million. this -- circa is of year, of amounted ], bulk half will, to pareto [ to

$XX million $XX full about $XX expect We a to million, the $XX perhaps here for million, million to taking year-end, us from year. further

the to to that at specifically is what in I is X% items, It more effect actually we're thing -- we the And on changes the position. it in standpoint deductible it's withholding tax basically around other outcome. effective seeing that. you more year With beyond our to tax good Particularly is compared Colombia one items there's some XXXX, can offset back XX% tax it's had been end all outlook went the The actually around from If think on rate, math, regards seeing from is that that to a taxes going end. actually lower withholding we're that estimates perhaps deductible our are do taxes. and seeing we a it rate last And XX%. cash of -- at puts that that have calculation stage biggest decks tax at we that what at the -- tax the is tax biggest going occurred around going And in be the part we in have we Colombia. are surcharge the in be a -- going biggest is That estimating to -- takes be component. the price actually we're That a ceiling. tax lever to going barrel, going environment this surcharge that because environment. What we're reform we're of above we we environment to the XX%. the of is is as factor we are XX% the price you XX% regarding price kind that to see the if $XX are per that to are above if nominal $XX, to if are of

So With that's X, kind to at around the your of let prepayment, other kind way kind just look Trafigura put the it. the of to question regards X facts to me in of room. key

crudes Indico put but in we that reason you And one top production is first have the scope. best or Colombia. that to is crudes right? That's X in it's quality probably crude It's particular maybe is particularly. it's in our very for specifically the because the CPO-X, the scope. special. terms, of The about CPO-X, mentioned and the this that lighter oil is around This And

So it what actually were better for commercial has a capture standpoint over actually -- was has And right? not to we searching that actually premium. brent, it premium It from have a discount. does

to aim deal the with that premium. capture the that's of Trafigura, So

agreement, more Now it out. it has that a do benefits. benefit we gives a in obviously crude the other it laid offtake And That's is around market duration. our how XX-month bit it little it has particular. offtakers. we've how With regards other us And the to flexibility diversifies

from in full Xst of toolbox It's financial go also gives -- year. we going something August. the it our So deliver up financing the appreciate us started million, it to which terms is for the And the also obtain covers offtaker flexibility option to it for of to to of strategy. that $XXX a

over So those I when this other deficit increasing country, of the there Fundamentally, grow crude. element question look was right? at asked, the in for you Colombia, to elements. was outlook And is an what crudes biggest you going that's in the And actually are time. lighter think your

refinery. going and to this it's the time, is key more and become because actually crude attractive component local So over more of a more

they this find So the of it. domestically, if local it refineries import crude cannot they need in And part mix. Colombia to their as need

we you. XX blocked how and see year, We'll next months, next are work conditions a the for market with in that. So competitive Thank we'll very differential.

you. Thank Falanga next question Bradesco. of The of the comes Vicente from line

could coming the Norte of [ blocks. there explain of was I more could figure produce X output to long these not if you X I the ] sort XXX for over been what little X,XXX stage and bit know tests just encouraging. was you've Putumayo been of trying Llanos they've over wondering the and of term more running per bit next Mata day well, grant out years? fields a during Then quarter. barrels about results little an a XXXX average the if Mora the which, you I'm second mistaken, oil I

production there expect other through declining you and we it's walk If us sort what similar characteristics. with peak how wells the saw and of you if could can

Hello, Llanos Muerta XXX, that, let again, I'll Llanos Rodrigo questions like and focus think go Putumayo Vicente, producing make the When to more this Vaca we XXX. this about Terrado. I'll day. X A on again XXX right before, cover is now Martin X,XXX and is the the us block of over said XX producing ago, year net per oil But I barrels. Llanos question. it barrels was

that are increase coming and block out the barrels the representative. of So of proportion

We we're that is another bringing rig. have rig X running, and

the given between well We gives the per that X you of days drilling in oil have And rig drilling in that we're now, drilled Toritos right wells XX ago, latest we more be around will us started The that of on starting around day. have and an called how block. of we Sur. barrels September. So are X,XXX the that an exploration confident well second middle idea

in Guadalupe XX. seen So formation, are Barco Llanos are that we've to these what usually wells similar

what blocks have clearly we've one top environmental that is that the hearings, have half We this year right? on X ready Putumayo sure we the the are these one the through through on first blocks. in on XXXX for Amerisur the XXXX. first those Masata see around we X going available of and is year, facilities Putumayo, the discovery. prospects seismic, permit. and the acceleration, one together look And wells have public that we is we focus on starting out drill we way. results. is our Putumayo the we to drilling the place to in want for then back partner XXX% of second we X, this will production got successfully we what went one. done that the with as put we on encouraged went acquisition campaign have and October as coming X, look in sit in at of will with when based X more about and at then, At wells block, [indiscernible]. in We were we the -- acquired that soon that we since Putumayo be But coming already we identified, So some point, X in into decide And that When results next are And of the the the ones.

area and not show years? how next us, feel on in have okay, if for much the that an we third to those see We'll wells what's That a the one, has area the the past. X but confident. ask So results explored you output that been is

next to more the call. in come So probably

Vicente, is Rodrigo. Hello, this

of on good. of Mora question is have same on X 'XX-'XX, the block, say we expectation February. it's But the that it the outstanding. the the wells months, best block After the P-XX [ It's your is to can that if of definitely. that in that well have. quite the Put one of time, back Going in last ] the production was you see located we about we the performance center at the pad that interior Mata

So we the we are [ deal. P-XX expect almost the in ] that for double the

why that's happy. are So we very

wells. me about behavior asked You -- if of the the we

So well, this find you so. per that well peak is or day. the [Audio Remember the can Gap] X,XXX now X,XXX short of a barrels meters

the So if basin. of well best one work in you -- that's about know the

definitely, month. of located are block, this you well. we pad because at than yes, find more in first north than least understand #X even So beginning the I of pad, can Gap] you said the this is, the the it's if the in wells better we what [Audio see in the But

So technology, of the here. wells new these put in as But this elements we mentioned, perforation excited ratio. the is we new peak C-X.X the very level new the about wait, results. see X then to I as have definitely I production side -- that helps the Vaca lot, paths, and the decline Murta, a of are after the one upper but believe the mentioned, of We key oriented

So we performance the a develop in can fracking. better

results, not block. well So seeing new one that only of we are have good we in the very in most the wells

Let's what Confluencia. in happen see

But to the to least have very very the wait to results. see have we moment, at October we encouraging course, results. Of we at -- are

very seen Vaca certainly, remember, encouraging. Vicente, of be wells. in So in the results and wells highest flows are encouraging And said, can Murta are very as additional some the play, of Rodrigo these entire are some and these almost other the flowing

we're it said, pad on one X. in wells Rodrigo of the the As seeing

these future in are initial why going translate [indiscernible] rates to we're incremental Obviously, take that's it that, happy. So higher things will whether like time.

we ahead are far, cautious being But results So the it. about so of more be expectations. our will

there the call over for additional time, Ocampo like Andres remarks. closing questions at I'd waiting this no As to are Mr. back conference turn to

interest have field or for and visit come you, encourage good answer any you, any day. your company. of your information. to and have and in further our our our operations for support and time always Thank you call questions a you here everybody, to us We're may us Thank

call. gentlemen, this today's and concludes Ladies

You now disconnect your may lines.