Q3 2022 Newmed Energy LP Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to the Newmed Energy Q3 2022 earnings call. The call will be hosted by Yossi Abu, CEO of Newmed Energy. (Operator Instructions) I will now hand over to Yossi Abu to begin presentation.
Thank you very much. Good afternoon, everybody, and thank you for joining us for this call. We have with me here Tzachi Habusha our the CFO and Guil Bashan which is our IR Manager. We'll start with really the highlights of Q3 results. So we have really a record quarter, we mentioned that quarter three BCM cells which is equivalent to a little bit high of 200,000 barrels of oil from Leviathan.
I remind you our net is 45.34%. We are basically continuing with the average price, which is a robust average price for the region, $6.5 MMbtu. We will discuss as well during this presentation why we are not really exposed to commodity price on the downside and the protection that we have, and we'll go through that.
And this is obviously reflect the peak demand in the region. We what we are
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