%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 22.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0.4666666666666667 0 rg BT 413.90 734.38 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 167.50 641.10 Td (Pason Reports ) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 270.19 641.10 Td (First Quarter) Tj ET Q BT /F3 14.00 Tf ET q 0 0 0 rg BT 354.99 641.10 Td ( 2020 Results) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 72.00 612.90 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 144.52 612.90 Td (TE RELEASE) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 585.90 Td (CALGAR) Tj ET Q q 0 0 0 rg BT 114.40 585.90 Td (Y) Tj ET Q q 0 0 0 rg BT 119.96 585.90 Td (, ) Tj ET Q q 0 0 0 rg BT 125.15 585.90 Td (Alberta \() Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 165.71 585.90 Td (April30, 2020) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 230.19 585.90 Td (\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 233.52 585.90 Td ( Pason Systems Inc. \(TSX:PSI\) announced today its ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 475.86 585.90 Td (2020) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 498.11 585.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 500.89 585.90 Td (first ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 573.90 Td (quarter) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 103.68 573.90 Td ( results.) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 545.70 Td (Performance Data) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 535.2 m 348.5 535.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 515.2 m 348.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 535.2 m 415.5 535.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 515.2 m 415.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 535.2 m 480.5 535.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 515.2 m 480.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 535.2 m 540.5 535.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 515.2 m 540.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 515.2 m 348.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 515.2 m 415.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 515.2 m 480.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 515.2 m 540.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 299.2 m 348.5 299.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 299.2 m 415.5 299.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 299.2 m 480.5 299.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 299.2 m 540.5 299.2 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 519.43 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 519.43 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.20 519.43 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 508.95 519.43 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 75.00 507.40 Td (\(CDN 000s, except per share data\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.40 507.20 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 468.40 507.20 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 504.55 507.20 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 494.88 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 494.93 Td (73,962) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 494.93 Td (82,143) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 494.93 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 494.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 482.88 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 103.45 482.88 Td ( ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 105.68 486.69 Td (\(1,2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 482.93 Td (33,469) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 482.93 Td (40,435) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 482.93 Td (\(17) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 482.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 470.88 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 136.81 470.88 Td ( ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 139.03 474.69 Td (\(1.2\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 470.93 Td (33,305) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 470.93 Td (40,799) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 470.93 Td (\(18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 470.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 458.88 Td (As a % of revenue ) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.70 458.93 Td (45.0) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.70 458.93 Td (49.7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 506.15 458.88 Td (\(470) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 458.88 Td (\) bps) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 446.88 Td (Funds flow from operations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 446.93 Td (26,722) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 446.93 Td (35,899) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 446.93 Td (\(26) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 446.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 434.88 Td (Per share basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.70 434.93 Td (0.32) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.70 434.93 Td (0.42) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 434.93 Td (\(24) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 434.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 422.88 Td (Per share diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.70 422.93 Td (0.32) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.70 422.93 Td (0.42) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 422.93 Td (\(24) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 422.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 410.88 Td (Cash from operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 410.93 Td (25,593) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 410.93 Td (8,442) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 508.85 410.93 Td (203) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 398.88 Td (Capital expenditures) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 398.93 Td (3,088) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 398.93 Td (10,317) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 398.93 Td (\(70) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 398.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 386.88 Td (Free cash flow ) Tj ET Q BT /F4 8.00 Tf ET BT /F4 5.20 Tf ET q 0 0 0 rg BT 129.24 390.69 Td (\(1\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 386.93 Td (22,935) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.95 386.93 Td (385) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.00 386.88 Td (n/a) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 374.88 Td (Cash dividends declared) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.70 374.93 Td (0.19) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.70 374.93 Td (0.18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 517.75 374.88 Td (6) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 362.88 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 362.93 Td (16,552) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 362.93 Td (19,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 362.93 Td (\(13) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 362.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 350.88 Td (Net income attributable to Pason) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 350.93 Td (16,919) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 350.93 Td (19,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 350.93 Td (\(1) Tj ET Q q 0 0 0 rg BT 517.71 350.93 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 350.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 338.88 Td (Per share basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.70 338.93 Td (0.20) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.70 338.93 Td (0.22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 338.93 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 338.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 87.00 326.88 Td (Per share diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.70 326.93 Td (0.20) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.70 326.93 Td (0.22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.60 326.93 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 326.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 314.88 Td (T) Tj ET Q q 0 0 0 rg BT 79.00 314.88 Td (otal interest bearing debt) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 404.30 314.93 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.25 314.88 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 514.20 314.88 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 302.88 Td (Shares outstanding end of period \(#000's\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 302.93 Td (84,096) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 302.93 Td (85,801) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 515.05 302.88 Td (\(2) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.20 302.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 7.00 Tf ET q 0 0 0 rg BT 72.00 288.30 Td (\(1\) ) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 83.00 288.30 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 116.06 288.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.69 288.30 Td (measures ) Tj ET Q q 0 0 0 rg BT 176.37 288.30 Td (are ) Tj ET Q q 0 0 0 rg BT 188.43 288.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 213.34 288.30 Td (in ) Tj ET Q q 0 0 0 rg BT 220.73 288.30 Td (the ) Tj ET Q q 0 0 0 rg BT 232.41 288.30 Td (Management's ) Tj ET Q q 0 0 0 rg BT 280.05 288.30 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 315.84 288.30 Td (and ) Tj ET Q q 0 0 0 rg BT 329.08 288.30 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 357.09 288.30 Td (section.) Tj ET Q BT /F4 7.00 Tf ET BT /F4 7.00 Tf ET q 0 0 0 rg BT 72.00 276.90 Td (\(2\) Prior period amounts have been restated to conform with current year's presentation.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 253.50 Td (Q1) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 88.01 253.50 Td ( 2020 vs ) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 138.05 253.50 Td (Q1) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 154.06 253.50 Td ( 2019 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 238.50 Td (The ) Tj ET Q q 0 0 0 rg BT 92.42 238.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.41 238.50 Td (generated ) Tj ET Q q 0 0 0 rg BT 186.64 238.50 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 245.98 238.50 Td (revenue ) Tj ET Q q 0 0 0 rg BT 285.31 238.50 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.84 238.50 Td ($74.0 ) Tj ET Q q 0 0 0 rg BT 325.06 238.50 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 353.40 238.50 Td ( ) Tj ET Q q 0 0 0 rg BT 356.59 238.50 Td (in ) Tj ET Q q 0 0 0 rg BT 367.56 238.50 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 384.66 238.50 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 400.76 238.50 Td ( ) Tj ET Q q 0 0 0 rg BT 403.96 238.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 438.83 238.50 Td (of ) Tj ET Q q 0 0 0 rg BT 450.36 238.50 Td (2020, ) Tj ET Q q 0 0 0 rg BT 478.58 238.50 Td (a ) Tj ET Q q 0 0 0 rg BT 487.33 238.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 531.66 238.50 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 226.50 Td (10) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 83.12 226.50 Td (% ) Tj ET Q q 0 0 0 rg BT 95.08 226.50 Td (from ) Tj ET Q q 0 0 0 rg BT 118.14 226.50 Td (the ) Tj ET Q q 0 0 0 rg BT 135.10 226.50 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 201.53 226.50 Td (period ) Tj ET Q q 0 0 0 rg BT 232.39 226.50 Td (in ) Tj ET Q q 0 0 0 rg BT 243.23 226.50 Td (2019. ) Tj ET Q q 0 0 0 rg BT 271.12 226.50 Td (The ) Tj ET Q q 0 0 0 rg BT 291.41 226.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 335.61 226.50 Td (is ) Tj ET Q q 0 0 0 rg BT 345.89 226.50 Td (attributable ) Tj ET Q q 0 0 0 rg BT 398.43 226.50 Td (to ) Tj ET Q q 0 0 0 rg BT 409.83 226.50 Td (a ) Tj ET Q q 0 0 0 rg BT 418.45 226.50 Td (drop ) Tj ET Q q 0 0 0 rg BT 441.53 226.50 Td (in ) Tj ET Q q 0 0 0 rg BT 452.37 226.50 Td (US ) Tj ET Q q 0 0 0 rg BT 469.32 226.50 Td (industry ) Tj ET Q q 0 0 0 rg BT 507.40 226.50 Td (activity) Tj ET Q q 0 0 0 rg BT 537.22 226.50 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 214.50 Td (of) Tj ET Q q 0 0 0 rg BT 80.16 214.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 99.06 214.50 Td (by ) Tj ET Q q 0 0 0 rg BT 112.40 214.50 Td (an ) Tj ET Q q 0 0 0 rg BT 126.30 214.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 172.43 214.50 Td (market ) Tj ET Q q 0 0 0 rg BT 205.77 214.50 Td (share ) Tj ET Q q 0 0 0 rg BT 233.57 214.50 Td (in ) Tj ET Q q 0 0 0 rg BT 244.13 214.50 Td (the ) Tj ET Q q 0 0 0 rg BT 260.81 214.50 Td (US ) Tj ET Q q 0 0 0 rg BT 277.48 214.50 Td (business ) Tj ET Q q 0 0 0 rg BT 319.72 214.50 Td (unit. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 196.50 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 113.48 196.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 149.05 196.50 Td ( ) Tj ET Q q 0 0 0 rg BT 151.62 196.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 200.89 196.50 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.79 196.50 Td ($33.3 ) Tj ET Q q 0 0 0 rg BT 239.39 196.50 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.73 196.50 Td ( ) Tj ET Q q 0 0 0 rg BT 270.29 196.50 Td (in ) Tj ET Q q 0 0 0 rg BT 280.64 196.50 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 297.11 196.50 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.22 196.50 Td ( ) Tj ET Q q 0 0 0 rg BT 315.79 196.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 346.92 196.50 Td (, ) Tj ET Q q 0 0 0 rg BT 352.27 196.50 Td (a ) Tj ET Q q 0 0 0 rg BT 360.40 196.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 404.10 196.50 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 415.01 196.50 Td (18) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 426.13 196.50 Td (% ) Tj ET Q q 0 0 0 rg BT 437.59 196.50 Td (from ) Tj ET Q q 0 0 0 rg BT 460.16 196.50 Td (the ) Tj ET Q q 0 0 0 rg BT 476.63 196.50 Td (corresponding ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 184.50 Td (period ) Tj ET Q q 0 0 0 rg BT 103.54 184.50 Td (in ) Tj ET Q q 0 0 0 rg BT 115.08 184.50 Td (2019. ) Tj ET Q q 0 0 0 rg BT 143.60 184.50 Td (The ) Tj ET Q q 0 0 0 rg BT 164.58 184.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 209.47 184.50 Td (in ) Tj ET Q q 0 0 0 rg BT 221.00 184.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 262.55 184.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 298.12 184.50 Td ( ) Tj ET Q q 0 0 0 rg BT 301.86 184.50 Td (was ) Tj ET Q q 0 0 0 rg BT 323.40 184.50 Td (driven ) Tj ET Q q 0 0 0 rg BT 354.38 184.50 Td (by ) Tj ET Q q 0 0 0 rg BT 368.69 184.50 Td (the ) Tj ET Q q 0 0 0 rg BT 386.34 184.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 431.22 184.50 Td (in ) Tj ET Q q 0 0 0 rg BT 442.75 184.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 470.95 184.50 Td (profit ) Tj ET Q q 0 0 0 rg BT 496.93 184.50 Td (in ) Tj ET Q q 0 0 0 rg BT 508.46 184.50 Td (the ) Tj ET Q q 0 0 0 rg BT 526.11 184.50 Td (US ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 172.50 Td (business ) Tj ET Q q 0 0 0 rg BT 114.25 172.50 Td (unit, ) Tj ET Q q 0 0 0 rg BT 135.93 172.50 Td (partially ) Tj ET Q q 0 0 0 rg BT 173.16 172.50 Td (of) Tj ET Q q 0 0 0 rg BT 181.32 172.50 Td (fset ) Tj ET Q q 0 0 0 rg BT 200.22 172.50 Td (by ) Tj ET Q q 0 0 0 rg BT 213.56 172.50 Td (an ) Tj ET Q q 0 0 0 rg BT 227.46 172.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 268.04 172.50 Td (in ) Tj ET Q q 0 0 0 rg BT 278.60 172.50 Td (gross ) Tj ET Q q 0 0 0 rg BT 305.83 172.50 Td (profit ) Tj ET Q q 0 0 0 rg BT 330.84 172.50 Td (in ) Tj ET Q q 0 0 0 rg BT 341.40 172.50 Td (the ) Tj ET Q q 0 0 0 rg BT 358.08 172.50 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 403.67 172.50 Td (business ) Tj ET Q q 0 0 0 rg BT 445.92 172.50 Td (unit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 154.50 Td (Funds ) Tj ET Q q 0 0 0 rg BT 102.18 154.50 Td (flow ) Tj ET Q q 0 0 0 rg BT 122.35 154.50 Td (from ) Tj ET Q q 0 0 0 rg BT 144.73 154.50 Td (operations ) Tj ET Q q 0 0 0 rg BT 193.81 154.50 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 213.98 154.50 Td ($26.7 ) Tj ET Q q 0 0 0 rg BT 241.39 154.50 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 269.73 154.50 Td ( ) Tj ET Q q 0 0 0 rg BT 272.12 154.50 Td (in ) Tj ET Q q 0 0 0 rg BT 282.28 154.50 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 298.57 154.50 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 314.68 154.50 Td ( ) Tj ET Q q 0 0 0 rg BT 317.06 154.50 Td (quarter) Tj ET Q q 0 0 0 rg BT 348.20 154.50 Td (, ) Tj ET Q q 0 0 0 rg BT 353.36 154.50 Td (a ) Tj ET Q q 0 0 0 rg BT 361.31 154.50 Td (decrease ) Tj ET Q q 0 0 0 rg BT 404.83 154.50 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 415.55 154.50 Td (26) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 426.68 154.50 Td (% ) Tj ET Q q 0 0 0 rg BT 437.95 154.50 Td (from ) Tj ET Q q 0 0 0 rg BT 460.34 154.50 Td (the ) Tj ET Q q 0 0 0 rg BT 476.62 154.50 Td (corresponding ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 142.50 Td (period ) Tj ET Q q 0 0 0 rg BT 102.58 142.50 Td (in ) Tj ET Q q 0 0 0 rg BT 113.14 142.50 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 124.50 Td (Cash ) Tj ET Q q 0 0 0 rg BT 97.57 124.50 Td (from ) Tj ET Q q 0 0 0 rg BT 119.79 124.50 Td (operating ) Tj ET Q q 0 0 0 rg BT 163.71 124.50 Td (activities ) Tj ET Q q 0 0 0 rg BT 204.28 124.50 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 224.28 124.50 Td ($25.6 ) Tj ET Q q 0 0 0 rg BT 251.53 124.50 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.87 124.50 Td ( ) Tj ET Q q 0 0 0 rg BT 282.09 124.50 Td (in ) Tj ET Q q 0 0 0 rg BT 292.10 124.50 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 308.22 124.50 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 324.33 124.50 Td ( ) Tj ET Q q 0 0 0 rg BT 326.55 124.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 360.46 124.50 Td (of ) Tj ET Q q 0 0 0 rg BT 371.02 124.50 Td (2020, ) Tj ET Q q 0 0 0 rg BT 398.27 124.50 Td (an ) Tj ET Q q 0 0 0 rg BT 411.61 124.50 Td (increase ) Tj ET Q q 0 0 0 rg BT 451.63 124.50 Td (of ) Tj ET Q q 0 0 0 rg BT 462.19 124.50 Td ($17.2 ) Tj ET Q q 0 0 0 rg BT 489.44 124.50 Td (million ) Tj ET Q q 0 0 0 rg BT 520.00 124.50 Td (from ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 112.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.78 112.50 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 155.03 112.50 Td (period ) Tj ET Q q 0 0 0 rg BT 185.71 112.50 Td (in ) Tj ET Q q 0 0 0 rg BT 196.37 112.50 Td (2019. ) Tj ET Q q 0 0 0 rg BT 224.28 112.50 Td (In ) Tj ET Q q 0 0 0 rg BT 235.49 112.50 Td (2019, ) Tj ET Q q 0 0 0 rg BT 263.40 112.50 Td (the ) Tj ET Q q 0 0 0 rg BT 280.18 112.50 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.85 112.50 Td (made ) Tj ET Q q 0 0 0 rg BT 353.75 112.50 Td (a ) Tj ET Q q 0 0 0 rg BT 362.19 112.50 Td ($15.3 ) Tj ET Q q 0 0 0 rg BT 390.09 112.50 Td (million ) Tj ET Q q 0 0 0 rg BT 421.31 112.50 Td (withholding ) Tj ET Q q 0 0 0 rg BT 474.22 112.50 Td (tax ) Tj ET Q q 0 0 0 rg BT 490.44 112.50 Td (payment ) Tj ET Q q 0 0 0 rg BT 531.68 112.50 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 100.50 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 100.50 Td (CRA.) Tj ET Q /GS0 gs q 160.00 0 0 53.00 75.00 712.77 cm /I1 Do Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET BT /F2 22.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0.4666666666666667 0 rg BT 413.90 734.38 Td (Press Release) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (Free ) Tj ET Q q 0 0 0 rg BT 94.60 676.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 117.76 676.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 137.58 676.75 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 157.40 676.75 Td ($22.9 ) Tj ET Q q 0 0 0 rg BT 184.46 676.75 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 212.80 676.75 Td ( ) Tj ET Q q 0 0 0 rg BT 214.83 676.75 Td (in ) Tj ET Q q 0 0 0 rg BT 224.65 676.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 240.59 676.75 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 256.70 676.75 Td ( ) Tj ET Q q 0 0 0 rg BT 258.73 676.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 292.45 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 302.83 676.75 Td (2020, ) Tj ET Q q 0 0 0 rg BT 329.89 676.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 376.39 676.75 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 386.77 676.75 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 408.27 676.75 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 436.61 676.75 Td ( ) Tj ET Q q 0 0 0 rg BT 438.65 676.75 Td (from ) Tj ET Q q 0 0 0 rg BT 460.68 676.75 Td (the ) Tj ET Q q 0 0 0 rg BT 476.62 676.75 Td (corresponding ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 664.75 Td (period ) Tj ET Q q 0 0 0 rg BT 102.58 664.75 Td (in ) Tj ET Q q 0 0 0 rg BT 113.15 664.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 140.97 664.75 Td (In ) Tj ET Q q 0 0 0 rg BT 152.09 664.75 Td (2019, ) Tj ET Q q 0 0 0 rg BT 179.90 664.75 Td (free ) Tj ET Q q 0 0 0 rg BT 199.92 664.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 223.83 664.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 244.40 664.75 Td (was ) Tj ET Q q 0 0 0 rg BT 264.97 664.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 312.79 664.75 Td (af) Tj ET Q q 0 0 0 rg BT 320.95 664.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 350.97 664.75 Td (by ) Tj ET Q q 0 0 0 rg BT 364.32 664.75 Td (the ) Tj ET Q q 0 0 0 rg BT 381.01 664.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 425.50 664.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 466.63 664.75 Td (described ) Tj ET Q q 0 0 0 rg BT 512.77 664.75 Td (above ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 652.75 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 652.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 122.04 652.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 153.72 652.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 213.76 652.75 Td (in ) Tj ET Q q 0 0 0 rg BT 224.32 652.75 Td (the ) Tj ET Q q 0 0 0 rg BT 241.00 652.75 Td (US ) Tj ET Q q 0 0 0 rg BT 257.67 652.75 Td (business ) Tj ET Q q 0 0 0 rg BT 299.92 652.75 Td (unit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 634.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.22 634.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 136.01 634.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 177.47 634.75 Td (net ) Tj ET Q q 0 0 0 rg BT 193.37 634.75 Td (income ) Tj ET Q q 0 0 0 rg BT 227.59 634.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 279.06 634.75 Td (to ) Tj ET Q q 0 0 0 rg BT 289.39 634.75 Td (Pason ) Tj ET Q q 0 0 0 rg BT 319.74 634.75 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.07 634.75 Td ($16.9 ) Tj ET Q q 0 0 0 rg BT 357.09 634.75 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 385.43 634.75 Td ( ) Tj ET Q q 0 0 0 rg BT 387.42 634.75 Td (\() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 390.75 634.75 Td ($0.20) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 415.77 634.75 Td ( ) Tj ET Q q 0 0 0 rg BT 417.77 634.75 Td (per ) Tj ET Q q 0 0 0 rg BT 434.21 634.75 Td (share\) ) Tj ET Q q 0 0 0 rg BT 464.55 634.75 Td (in ) Tj ET Q q 0 0 0 rg BT 474.32 634.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 490.21 634.75 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 506.32 634.75 Td ( ) Tj ET Q q 0 0 0 rg BT 508.31 634.75 Td (quarter ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 622.75 Td (of ) Tj ET Q q 0 0 0 rg BT 83.77 622.75 Td (2020 ) Tj ET Q q 0 0 0 rg BT 109.45 622.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 157.34 622.75 Td (to ) Tj ET Q q 0 0 0 rg BT 169.11 622.75 Td (net ) Tj ET Q q 0 0 0 rg BT 186.44 622.75 Td (income ) Tj ET Q q 0 0 0 rg BT 222.11 622.75 Td (attributable ) Tj ET Q q 0 0 0 rg BT 275.02 622.75 Td (to ) Tj ET Q q 0 0 0 rg BT 286.79 622.75 Td (Pason ) Tj ET Q q 0 0 0 rg BT 318.57 622.75 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.34 622.75 Td ($19.0 ) Tj ET Q q 0 0 0 rg BT 358.79 622.75 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 387.13 622.75 Td ( ) Tj ET Q q 0 0 0 rg BT 390.56 622.75 Td (\() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 393.89 622.75 Td ($0.22) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.92 622.75 Td ( ) Tj ET Q q 0 0 0 rg BT 422.35 622.75 Td (per ) Tj ET Q q 0 0 0 rg BT 440.23 622.75 Td (share\) ) Tj ET Q q 0 0 0 rg BT 472.00 622.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 514.90 622.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.12 622.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 610.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 138.94 610.75 Td (period ) Tj ET Q q 0 0 0 rg BT 170.31 610.75 Td (in ) Tj ET Q q 0 0 0 rg BT 181.66 610.75 Td (2019. ) Tj ET Q q 0 0 0 rg BT 210.02 610.75 Td (The ) Tj ET Q q 0 0 0 rg BT 230.82 610.75 Td (drop ) Tj ET Q q 0 0 0 rg BT 254.40 610.75 Td (in ) Tj ET Q q 0 0 0 rg BT 265.75 610.75 Td (US ) Tj ET Q q 0 0 0 rg BT 283.21 610.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 321.79 610.75 Td (activity) Tj ET Q q 0 0 0 rg BT 351.61 610.75 Td (, ) Tj ET Q q 0 0 0 rg BT 357.96 610.75 Td (combined ) Tj ET Q q 0 0 0 rg BT 404.89 610.75 Td (with ) Tj ET Q q 0 0 0 rg BT 426.24 610.75 Td (the ) Tj ET Q q 0 0 0 rg BT 443.71 610.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 496.98 610.75 Td (fixed ) Tj ET Q q 0 0 0 rg BT 521.67 610.75 Td (cost ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 598.75 Td (structure, ) Tj ET Q q 0 0 0 rg BT 115.57 598.75 Td (led ) Tj ET Q q 0 0 0 rg BT 130.81 598.75 Td (to ) Tj ET Q q 0 0 0 rg BT 141.05 598.75 Td (a ) Tj ET Q q 0 0 0 rg BT 148.50 598.75 Td (drop ) Tj ET Q q 0 0 0 rg BT 170.41 598.75 Td (in ) Tj ET Q q 0 0 0 rg BT 180.09 598.75 Td (net ) Tj ET Q q 0 0 0 rg BT 195.88 598.75 Td (income. ) Tj ET Q q 0 0 0 rg BT 232.67 598.75 Td (These ) Tj ET Q q 0 0 0 rg BT 262.36 598.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 294.26 598.75 Td (were ) Tj ET Q q 0 0 0 rg BT 317.83 598.75 Td (of) Tj ET Q q 0 0 0 rg BT 325.99 598.75 Td (fset ) Tj ET Q q 0 0 0 rg BT 344.00 598.75 Td (by ) Tj ET Q q 0 0 0 rg BT 356.46 598.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 382.25 598.75 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 438.06 598.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 502.21 598.75 Td (expense ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 586.75 Td (in ) Tj ET Q q 0 0 0 rg BT 82.56 586.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 99.24 586.75 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 115.35 586.75 Td ( ) Tj ET Q q 0 0 0 rg BT 118.13 586.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 152.59 586.75 Td (of ) Tj ET Q q 0 0 0 rg BT 163.71 586.75 Td (2020 ) Tj ET Q q 0 0 0 rg BT 188.73 586.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 223.75 586.75 Td (to ) Tj ET Q q 0 0 0 rg BT 234.87 586.75 Td (the ) Tj ET Q q 0 0 0 rg BT 251.55 586.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 317.70 586.75 Td (period ) Tj ET Q q 0 0 0 rg BT 348.27 586.75 Td (in ) Tj ET Q q 0 0 0 rg BT 358.84 586.75 Td (2019.) Tj ET Q /GS0 gs q 160.00 0 0 53.00 75.00 712.77 cm /I2 Do Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (3 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 18.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.32941176470588235 0.37254901960784315 rg BT 72.00 706.90 Td (President) Tj ET Q q 0 0.32941176470588235 0.37254901960784315 rg BT 158.36 706.90 Td (s Message) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 688.90 Td (The ) Tj ET Q q 0 0 0 rg BT 92.27 688.90 Td (first ) Tj ET Q q 0 0 0 rg BT 111.41 688.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 146.13 688.90 Td (of ) Tj ET Q q 0 0 0 rg BT 157.51 688.90 Td (2020 ) Tj ET Q q 0 0 0 rg BT 182.79 688.90 Td (started ) Tj ET Q q 0 0 0 rg BT 216.40 688.90 Td (relatively ) Tj ET Q q 0 0 0 rg BT 258.89 688.90 Td (strong, ) Tj ET Q q 0 0 0 rg BT 292.50 688.90 Td (when ) Tj ET Q q 0 0 0 rg BT 319.44 688.90 Td (the ) Tj ET Q q 0 0 0 rg BT 336.38 688.90 Td (unprecedented ) Tj ET Q q 0 0 0 rg BT 406.14 688.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 438.63 688.90 Td (of ) Tj ET Q q 0 0 0 rg BT 450.00 688.90 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 499.16 688.90 Td (on ) Tj ET Q q 0 0 0 rg BT 513.32 688.90 Td (global ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 676.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 84.92 676.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 123.98 676.90 Td (was ) Tj ET Q q 0 0 0 rg BT 144.68 676.90 Td (not ) Tj ET Q q 0 0 0 rg BT 161.49 676.90 Td (yet ) Tj ET Q q 0 0 0 rg BT 177.75 676.90 Td (clear) Tj ET Q q 0 0 0 rg BT 198.87 676.90 Td (. ) Tj ET Q q 0 0 0 rg BT 203.99 676.90 Td (As ) Tj ET Q q 0 0 0 rg BT 218.57 676.90 Td (the ) Tj ET Q q 0 0 0 rg BT 235.39 676.90 Td (global ) Tj ET Q q 0 0 0 rg BT 265.00 676.90 Td (economy ) Tj ET Q q 0 0 0 rg BT 308.49 676.90 Td (was ) Tj ET Q q 0 0 0 rg BT 329.19 676.90 Td (shutting ) Tj ET Q q 0 0 0 rg BT 367.13 676.90 Td (down, ) Tj ET Q q 0 0 0 rg BT 396.73 676.90 Td (a ) Tj ET Q q 0 0 0 rg BT 405.21 676.90 Td (disagreement ) Tj ET Q q 0 0 0 rg BT 468.72 676.90 Td (between ) Tj ET Q q 0 0 0 rg BT 509.44 676.90 Td (Russia ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 664.90 Td (and ) Tj ET Q q 0 0 0 rg BT 91.21 664.90 Td (Saudi ) Tj ET Q q 0 0 0 rg BT 118.81 664.90 Td (Arabia ) Tj ET Q q 0 0 0 rg BT 150.24 664.90 Td (over ) Tj ET Q q 0 0 0 rg BT 172.22 664.90 Td (proposed ) Tj ET Q q 0 0 0 rg BT 216.45 664.90 Td (production ) Tj ET Q q 0 0 0 rg BT 265.67 664.90 Td (cuts ) Tj ET Q q 0 0 0 rg BT 286.54 664.90 Td (led ) Tj ET Q q 0 0 0 rg BT 302.41 664.90 Td (to ) Tj ET Q q 0 0 0 rg BT 313.27 664.90 Td (an ) Tj ET Q q 0 0 0 rg BT 326.92 664.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 367.25 664.90 Td (in ) Tj ET Q q 0 0 0 rg BT 377.56 664.90 Td (supply ) Tj ET Q q 0 0 0 rg BT 408.99 664.90 Td (at ) Tj ET Q q 0 0 0 rg BT 419.85 664.90 Td (the ) Tj ET Q q 0 0 0 rg BT 436.28 664.90 Td (worst ) Tj ET Q q 0 0 0 rg BT 462.70 664.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 501.91 664.90 Td (time ) Tj ET Q q 0 0 0 rg BT 523.33 664.90 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 652.90 Td (a ) Tj ET Q q 0 0 0 rg BT 80.00 652.90 Td (collapse ) Tj ET Q q 0 0 0 rg BT 119.12 652.90 Td (of ) Tj ET Q q 0 0 0 rg BT 129.89 652.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 142.33 652.90 Td (prices. ) Tj ET Q q 0 0 0 rg BT 174.06 652.90 Td (The ) Tj ET Q q 0 0 0 rg BT 193.72 652.90 Td (result ) Tj ET Q q 0 0 0 rg BT 220.61 652.90 Td (was ) Tj ET Q q 0 0 0 rg BT 240.83 652.90 Td (that ) Tj ET Q q 0 0 0 rg BT 259.94 652.90 Td (the ) Tj ET Q q 0 0 0 rg BT 276.28 652.90 Td (end ) Tj ET Q q 0 0 0 rg BT 295.39 652.90 Td (of ) Tj ET Q q 0 0 0 rg BT 306.17 652.90 Td (the ) Tj ET Q q 0 0 0 rg BT 322.50 652.90 Td (first ) Tj ET Q q 0 0 0 rg BT 341.04 652.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 375.16 652.90 Td (2020 ) Tj ET Q q 0 0 0 rg BT 399.84 652.90 Td (became ) Tj ET Q q 0 0 0 rg BT 437.85 652.90 Td (anemic ) Tj ET Q q 0 0 0 rg BT 472.52 652.90 Td (for ) Tj ET Q q 0 0 0 rg BT 486.63 652.90 Td (the ) Tj ET Q q 0 0 0 rg BT 502.96 652.90 Td (industry) Tj ET Q q 0 0 0 rg BT 537.23 652.90 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 634.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 122.95 634.90 Td (, ) Tj ET Q q 0 0 0 rg BT 127.24 634.90 Td (Pason) Tj ET Q q 0 0 0 rg BT 157.63 634.90 Td (s ) Tj ET Q q 0 0 0 rg BT 164.14 634.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 207.35 634.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 263.89 634.90 Td (deteriorated ) Tj ET Q q 0 0 0 rg BT 318.77 634.90 Td (in ) Tj ET Q q 0 0 0 rg BT 328.06 634.90 Td (the ) Tj ET Q q 0 0 0 rg BT 343.47 634.90 Td (period ) Tj ET Q q 0 0 0 rg BT 372.78 634.90 Td (with ) Tj ET Q q 0 0 0 rg BT 392.07 634.90 Td (drilling ) Tj ET Q q 0 0 0 rg BT 422.48 634.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 459.01 634.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 491.08 634.90 Td (decreasing ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 622.90 Td (by ) Tj ET Q q 0 0 0 rg BT 85.79 622.90 Td (25% ) Tj ET Q q 0 0 0 rg BT 109.04 622.90 Td (in ) Tj ET Q q 0 0 0 rg BT 120.05 622.90 Td (the ) Tj ET Q q 0 0 0 rg BT 137.18 622.90 Td (United ) Tj ET Q q 0 0 0 rg BT 169.32 622.90 Td (States ) Tj ET Q q 0 0 0 rg BT 200.90 622.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 248.59 622.90 Td (to ) Tj ET Q q 0 0 0 rg BT 260.16 622.90 Td (the ) Tj ET Q q 0 0 0 rg BT 277.30 622.90 Td (same ) Tj ET Q q 0 0 0 rg BT 304.98 622.90 Td (period ) Tj ET Q q 0 0 0 rg BT 336.01 622.90 Td (in ) Tj ET Q q 0 0 0 rg BT 347.02 622.90 Td (2019. ) Tj ET Q q 0 0 0 rg BT 375.06 622.90 Td (This ) Tj ET Q q 0 0 0 rg BT 397.19 622.90 Td (headwind ) Tj ET Q q 0 0 0 rg BT 443.23 622.90 Td (was ) Tj ET Q q 0 0 0 rg BT 464.24 622.90 Td (partially ) Tj ET Q q 0 0 0 rg BT 501.93 622.90 Td (of) Tj ET Q q 0 0 0 rg BT 510.09 622.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 529.44 622.90 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (7% ) Tj ET Q q 0 0 0 rg BT 89.92 610.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 121.19 610.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 159.68 610.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 193.71 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 204.97 610.90 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 246.25 610.90 Td (market ) Tj ET Q q 0 0 0 rg BT 280.28 610.90 Td (share ) Tj ET Q q 0 0 0 rg BT 308.77 610.90 Td (gains ) Tj ET Q q 0 0 0 rg BT 336.15 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 347.40 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 364.77 610.90 Td (United ) Tj ET Q q 0 0 0 rg BT 397.15 610.90 Td (States, ) Tj ET Q q 0 0 0 rg BT 431.75 610.90 Td (and ) Tj ET Q q 0 0 0 rg BT 451.91 610.90 Td (continued ) Tj ET Q q 0 0 0 rg BT 498.75 610.90 Td (growth ) Tj ET Q q 0 0 0 rg BT 532.23 610.90 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 598.90 Td (product ) Tj ET Q q 0 0 0 rg BT 108.16 598.90 Td (penetration ) Tj ET Q q 0 0 0 rg BT 161.01 598.90 Td (in ) Tj ET Q q 0 0 0 rg BT 171.61 598.90 Td (all ) Tj ET Q q 0 0 0 rg BT 184.42 598.90 Td (geographies. ) Tj ET Q q 0 0 0 rg BT 245.05 598.90 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 287.89 598.90 Td (per ) Tj ET Q q 0 0 0 rg BT 305.15 598.90 Td (EDR ) Tj ET Q q 0 0 0 rg BT 329.08 598.90 Td (Day ) Tj ET Q q 0 0 0 rg BT 349.67 598.90 Td (for ) Tj ET Q q 0 0 0 rg BT 364.15 598.90 Td (the ) Tj ET Q q 0 0 0 rg BT 380.86 598.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 415.35 598.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 461.52 598.90 Td (in ) Tj ET Q q 0 0 0 rg BT 472.12 598.90 Td (both ) Tj ET Q q 0 0 0 rg BT 494.39 598.90 Td (the ) Tj ET Q q 0 0 0 rg BT 511.10 598.90 Td (United ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 586.90 Td (States ) Tj ET Q q 0 0 0 rg BT 103.13 586.90 Td (and ) Tj ET Q q 0 0 0 rg BT 122.59 586.90 Td (Canada.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 568.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 103.10 568.90 Td (generated ) Tj ET Q q 0 0 0 rg BT 150.88 568.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 189.76 568.90 Td (of ) Tj ET Q q 0 0 0 rg BT 200.84 568.90 Td ($74.0 ) Tj ET Q q 0 0 0 rg BT 228.60 568.90 Td (million ) Tj ET Q q 0 0 0 rg BT 259.69 568.90 Td (in ) Tj ET Q q 0 0 0 rg BT 270.21 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 286.85 568.90 Td (period, ) Tj ET Q q 0 0 0 rg BT 320.17 568.90 Td (a ) Tj ET Q q 0 0 0 rg BT 328.47 568.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 372.35 568.90 Td (of ) Tj ET Q q 0 0 0 rg BT 383.44 568.90 Td (10% ) Tj ET Q q 0 0 0 rg BT 406.19 568.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 453.40 568.90 Td (to ) Tj ET Q q 0 0 0 rg BT 464.48 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 481.13 568.90 Td (same ) Tj ET Q q 0 0 0 rg BT 508.32 568.90 Td (quarter ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 556.90 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 556.90 Td (last ) Tj ET Q q 0 0 0 rg BT 101.46 556.90 Td (year) Tj ET Q q 0 0 0 rg BT 120.36 556.90 Td (. ) Tj ET Q q 0 0 0 rg BT 125.36 556.90 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 167.05 556.90 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 202.62 556.90 Td ( ) Tj ET Q q 0 0 0 rg BT 205.40 556.90 Td (was ) Tj ET Q q 0 0 0 rg BT 225.96 556.90 Td ($33.3 ) Tj ET Q q 0 0 0 rg BT 253.76 556.90 Td (million ) Tj ET Q q 0 0 0 rg BT 284.87 556.90 Td (for ) Tj ET Q q 0 0 0 rg BT 299.32 556.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.00 556.90 Td (quarter) Tj ET Q q 0 0 0 rg BT 347.13 556.90 Td (, ) Tj ET Q q 0 0 0 rg BT 352.69 556.90 Td (a ) Tj ET Q q 0 0 0 rg BT 361.03 556.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 404.94 556.90 Td (of ) Tj ET Q q 0 0 0 rg BT 416.06 556.90 Td (18%. ) Tj ET Q q 0 0 0 rg BT 441.08 556.90 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 482.77 556.90 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 518.33 556.90 Td ( ) Tj ET Q q 0 0 0 rg BT 521.11 556.90 Td (as ) Tj ET Q q 0 0 0 rg BT 534.45 556.90 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 544.90 Td (percentage ) Tj ET Q q 0 0 0 rg BT 124.02 544.90 Td (of ) Tj ET Q q 0 0 0 rg BT 134.33 544.90 Td (revenue ) Tj ET Q q 0 0 0 rg BT 172.45 544.90 Td (was ) Tj ET Q q 0 0 0 rg BT 192.21 544.90 Td (45% ) Tj ET Q q 0 0 0 rg BT 214.20 544.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 260.64 544.90 Td (to ) Tj ET Q q 0 0 0 rg BT 270.96 544.90 Td (50% ) Tj ET Q q 0 0 0 rg BT 292.95 544.90 Td (one ) Tj ET Q q 0 0 0 rg BT 311.61 544.90 Td (year ) Tj ET Q q 0 0 0 rg BT 333.04 544.90 Td (ago, ) Tj ET Q q 0 0 0 rg BT 354.48 544.90 Td (highlighting ) Tj ET Q q 0 0 0 rg BT 407.05 544.90 Td (our ) Tj ET Q q 0 0 0 rg BT 423.48 544.90 Td (largely ) Tj ET Q q 0 0 0 rg BT 454.92 544.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 478.02 544.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 498.33 544.90 Td (structure. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 532.90 Td (Net ) Tj ET Q q 0 0 0 rg BT 89.59 532.90 Td (income ) Tj ET Q q 0 0 0 rg BT 123.85 532.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 175.35 532.90 Td (to ) Tj ET Q q 0 0 0 rg BT 185.72 532.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 216.10 532.90 Td (for ) Tj ET Q q 0 0 0 rg BT 229.79 532.90 Td (the ) Tj ET Q q 0 0 0 rg BT 245.72 532.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 279.43 532.90 Td (was ) Tj ET Q q 0 0 0 rg BT 299.24 532.90 Td ($16.9 ) Tj ET Q q 0 0 0 rg BT 326.29 532.90 Td (million ) Tj ET Q q 0 0 0 rg BT 356.65 532.90 Td (\($0.20 ) Tj ET Q q 0 0 0 rg BT 387.03 532.90 Td (per ) Tj ET Q q 0 0 0 rg BT 403.51 532.90 Td (share\), ) Tj ET Q q 0 0 0 rg BT 436.66 532.90 Td (down ) Tj ET Q q 0 0 0 rg BT 462.59 532.90 Td (from ) Tj ET Q q 0 0 0 rg BT 484.62 532.90 Td ($19.0 ) Tj ET Q q 0 0 0 rg BT 511.67 532.90 Td (million ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 520.90 Td (\($0.22 ) Tj ET Q q 0 0 0 rg BT 102.85 520.90 Td (per ) Tj ET Q q 0 0 0 rg BT 119.81 520.90 Td (share\) ) Tj ET Q q 0 0 0 rg BT 150.65 520.90 Td (in ) Tj ET Q q 0 0 0 rg BT 160.93 520.90 Td (the ) Tj ET Q q 0 0 0 rg BT 177.33 520.90 Td (first ) Tj ET Q q 0 0 0 rg BT 195.94 520.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 230.12 520.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.96 520.90 Td (2019. ) Tj ET Q q 0 0 0 rg BT 268.49 520.90 Td (Capital ) Tj ET Q q 0 0 0 rg BT 302.11 520.90 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 361.87 520.90 Td (for ) Tj ET Q q 0 0 0 rg BT 376.04 520.90 Td (the ) Tj ET Q q 0 0 0 rg BT 392.44 520.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 426.63 520.90 Td (were ) Tj ET Q q 0 0 0 rg BT 450.80 520.90 Td ($3.0 ) Tj ET Q q 0 0 0 rg BT 472.76 520.90 Td (million ) Tj ET Q q 0 0 0 rg BT 503.60 520.90 Td (and ) Tj ET Q q 0 0 0 rg BT 522.78 520.90 Td (free ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 508.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.57 508.90 Td (flow ) Tj ET Q q 0 0 0 rg BT 115.80 508.90 Td (was ) Tj ET Q q 0 0 0 rg BT 136.03 508.90 Td ($22.9 ) Tj ET Q q 0 0 0 rg BT 163.50 508.90 Td (million. ) Tj ET Q q 0 0 0 rg BT 196.58 508.90 Td (At ) Tj ET Q q 0 0 0 rg BT 208.47 508.90 Td (March ) Tj ET Q q 0 0 0 rg BT 238.70 508.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.05 508.90 Td (2020, ) Tj ET Q q 0 0 0 rg BT 282.52 508.90 Td (our ) Tj ET Q q 0 0 0 rg BT 299.41 508.90 Td (working ) Tj ET Q q 0 0 0 rg BT 336.32 508.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 367.67 508.90 Td (position ) Tj ET Q q 0 0 0 rg BT 404.58 508.90 Td (stood ) Tj ET Q q 0 0 0 rg BT 431.49 508.90 Td (at ) Tj ET Q q 0 0 0 rg BT 442.28 508.90 Td ($208 ) Tj ET Q q 0 0 0 rg BT 466.97 508.90 Td (million, ) Tj ET Q q 0 0 0 rg BT 500.53 508.90 Td (including ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 496.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.90 496.90 Td (and ) Tj ET Q q 0 0 0 rg BT 115.36 496.90 Td (short-term ) Tj ET Q q 0 0 0 rg BT 163.70 496.90 Td (investments ) Tj ET Q q 0 0 0 rg BT 219.84 496.90 Td (of ) Tj ET Q q 0 0 0 rg BT 230.96 496.90 Td ($170 ) Tj ET Q q 0 0 0 rg BT 255.98 496.90 Td (million. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 478.90 Td (The ) Tj ET Q q 0 0 0 rg BT 90.83 478.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.22 478.90 Td (and ) Tj ET Q q 0 0 0 rg BT 153.50 478.90 Td (its ) Tj ET Q q 0 0 0 rg BT 165.10 478.90 Td (Board ) Tj ET Q q 0 0 0 rg BT 193.38 478.90 Td (of ) Tj ET Q q 0 0 0 rg BT 203.32 478.90 Td (Directors ) Tj ET Q q 0 0 0 rg BT 244.92 478.90 Td (are ) Tj ET Q q 0 0 0 rg BT 260.97 478.90 Td (actively ) Tj ET Q q 0 0 0 rg BT 295.91 478.90 Td (assessing ) Tj ET Q q 0 0 0 rg BT 341.98 478.90 Td (an ) Tj ET Q q 0 0 0 rg BT 354.70 478.90 Td (optimal ) Tj ET Q q 0 0 0 rg BT 388.53 478.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 408.46 478.90 Td (structure ) Tj ET Q q 0 0 0 rg BT 448.96 478.90 Td (and ) Tj ET Q q 0 0 0 rg BT 467.24 478.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 497.75 478.90 Td (allocation ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 466.90 Td (strategy) Tj ET Q q 0 0 0 rg BT 106.83 466.90 Td (, ) Tj ET Q q 0 0 0 rg BT 114.71 466.90 Td (including ) Tj ET Q q 0 0 0 rg BT 159.29 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 178.30 466.90 Td (levels ) Tj ET Q q 0 0 0 rg BT 208.97 466.90 Td (of ) Tj ET Q q 0 0 0 rg BT 222.42 466.90 Td (future ) Tj ET Q q 0 0 0 rg BT 253.09 466.90 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 303.23 466.90 Td (in ) Tj ET Q q 0 0 0 rg BT 316.12 466.90 Td (order ) Tj ET Q q 0 0 0 rg BT 344.57 466.90 Td (to ) Tj ET Q q 0 0 0 rg BT 358.02 466.90 Td (balance ) Tj ET Q q 0 0 0 rg BT 398.15 466.90 Td (the ) Tj ET Q q 0 0 0 rg BT 417.16 466.90 Td (Company) Tj ET Q q 0 0 0 rg BT 462.00 466.90 Td (s ) Tj ET Q q 0 0 0 rg BT 472.10 466.90 Td (commitment ) Tj ET Q q 0 0 0 rg BT 531.66 466.90 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 454.90 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 127.63 454.90 Td (returns ) Tj ET Q q 0 0 0 rg BT 161.57 454.90 Td (while ) Tj ET Q q 0 0 0 rg BT 187.17 454.90 Td (preserving ) Tj ET Q q 0 0 0 rg BT 236.68 454.90 Td (its ) Tj ET Q q 0 0 0 rg BT 249.50 454.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 289.00 454.90 Td (strength. ) Tj ET Q q 0 0 0 rg BT 330.73 454.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 361.90 454.90 Td (will ) Tj ET Q q 0 0 0 rg BT 378.60 454.90 Td (maintain ) Tj ET Q q 0 0 0 rg BT 419.22 454.90 Td (the ) Tj ET Q q 0 0 0 rg BT 435.93 454.90 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 477.66 454.90 Td (dividend ) Tj ET Q q 0 0 0 rg BT 517.72 454.90 Td (to ) Tj ET Q q 0 0 0 rg BT 528.88 454.90 Td (be ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 442.90 Td (paid ) Tj ET Q q 0 0 0 rg BT 94.59 442.90 Td (on ) Tj ET Q q 0 0 0 rg BT 109.39 442.90 Td (June ) Tj ET Q q 0 0 0 rg BT 134.76 442.90 Td (29, ) Tj ET Q q 0 0 0 rg BT 152.34 442.90 Td (2020 ) Tj ET Q q 0 0 0 rg BT 178.26 442.90 Td (at ) Tj ET Q q 0 0 0 rg BT 190.29 442.90 Td ($0.19 ) Tj ET Q q 0 0 0 rg BT 218.99 442.90 Td (per ) Tj ET Q q 0 0 0 rg BT 237.12 442.90 Td (share ) Tj ET Q q 0 0 0 rg BT 265.82 442.90 Td (and ) Tj ET Q q 0 0 0 rg BT 286.18 442.90 Td (in ) Tj ET Q q 0 0 0 rg BT 297.65 442.90 Td (light ) Tj ET Q q 0 0 0 rg BT 319.67 442.90 Td (of ) Tj ET Q q 0 0 0 rg BT 331.69 442.90 Td (the ) Tj ET Q q 0 0 0 rg BT 349.28 442.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 409.66 442.90 Td (related ) Tj ET Q q 0 0 0 rg BT 443.91 442.90 Td (to ) Tj ET Q q 0 0 0 rg BT 455.93 442.90 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 505.74 442.90 Td (and ) Tj ET Q q 0 0 0 rg BT 526.10 442.90 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 430.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 119.16 430.90 Td (negative ) Tj ET Q q 0 0 0 rg BT 159.67 430.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 191.82 430.90 Td (that ) Tj ET Q q 0 0 0 rg BT 211.20 430.90 Td (a ) Tj ET Q q 0 0 0 rg BT 219.45 430.90 Td (weakened ) Tj ET Q q 0 0 0 rg BT 267.74 430.90 Td (commodity ) Tj ET Q q 0 0 0 rg BT 318.78 430.90 Td (price ) Tj ET Q q 0 0 0 rg BT 343.15 430.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 400.88 430.90 Td (have ) Tj ET Q q 0 0 0 rg BT 425.26 430.90 Td (on ) Tj ET Q q 0 0 0 rg BT 439.08 430.90 Td (the ) Tj ET Q q 0 0 0 rg BT 455.68 430.90 Td (outlook ) Tj ET Q q 0 0 0 rg BT 490.62 430.90 Td (for ) Tj ET Q q 0 0 0 rg BT 504.99 430.90 Td (industry ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 418.90 Td (activity) Tj ET Q q 0 0 0 rg BT 101.82 418.90 Td (, ) Tj ET Q q 0 0 0 rg BT 108.28 418.90 Td (we ) Tj ET Q q 0 0 0 rg BT 124.74 418.90 Td (currently ) Tj ET Q q 0 0 0 rg BT 166.76 418.90 Td (intend ) Tj ET Q q 0 0 0 rg BT 197.68 418.90 Td (to ) Tj ET Q q 0 0 0 rg BT 209.70 418.90 Td (reduce ) Tj ET Q q 0 0 0 rg BT 243.95 418.90 Td (the ) Tj ET Q q 0 0 0 rg BT 261.53 418.90 Td (next ) Tj ET Q q 0 0 0 rg BT 284.11 418.90 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 326.70 418.90 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 370.40 418.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 414.67 418.90 Td (to ) Tj ET Q q 0 0 0 rg BT 426.68 418.90 Td (be ) Tj ET Q q 0 0 0 rg BT 441.49 418.90 Td (declared ) Tj ET Q q 0 0 0 rg BT 483.52 418.90 Td (following ) Tj ET Q q 0 0 0 rg BT 526.11 418.90 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 406.90 Td (second ) Tj ET Q q 0 0 0 rg BT 107.02 406.90 Td (quarter) Tj ET Q q 0 0 0 rg BT 138.16 406.90 Td (, ) Tj ET Q q 0 0 0 rg BT 143.71 406.90 Td (to ) Tj ET Q q 0 0 0 rg BT 154.83 406.90 Td ($0.05 ) Tj ET Q q 0 0 0 rg BT 182.63 406.90 Td (per ) Tj ET Q q 0 0 0 rg BT 199.87 406.90 Td (share.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 388.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 104.00 388.90 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 156.01 388.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.56 388.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 233.91 388.90 Td (and ) Tj ET Q q 0 0 0 rg BT 254.25 388.90 Td (concerns ) Tj ET Q q 0 0 0 rg BT 298.47 388.90 Td (caused ) Tj ET Q q 0 0 0 rg BT 334.37 388.90 Td (by ) Tj ET Q q 0 0 0 rg BT 348.58 388.90 Td (the ) Tj ET Q q 0 0 0 rg BT 366.13 388.90 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 415.90 388.90 Td (pandemic. ) Tj ET Q q 0 0 0 rg BT 465.45 388.90 Td (The ) Tj ET Q q 0 0 0 rg BT 486.33 388.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.78 388.90 Td (is ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 376.90 Td (considered ) Tj ET Q q 0 0 0 rg BT 123.94 376.90 Td (an ) Tj ET Q q 0 0 0 rg BT 138.08 376.90 Td (essential ) Tj ET Q q 0 0 0 rg BT 183.89 376.90 Td (critical ) Tj ET Q q 0 0 0 rg BT 215.25 376.90 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 279.95 376.90 Td (company ) Tj ET Q q 0 0 0 rg BT 323.54 376.90 Td (in ) Tj ET Q q 0 0 0 rg BT 334.34 376.90 Td (the ) Tj ET Q q 0 0 0 rg BT 351.26 376.90 Td (United ) Tj ET Q q 0 0 0 rg BT 383.18 376.90 Td (States ) Tj ET Q q 0 0 0 rg BT 414.55 376.90 Td (and ) Tj ET Q q 0 0 0 rg BT 434.25 376.90 Td (an ) Tj ET Q q 0 0 0 rg BT 448.39 376.90 Td (essential ) Tj ET Q q 0 0 0 rg BT 494.21 376.90 Td (service ) Tj ET Q q 0 0 0 rg BT 532.23 376.90 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 364.90 Td (Canada. ) Tj ET Q q 0 0 0 rg BT 112.41 364.90 Td (As ) Tj ET Q q 0 0 0 rg BT 127.33 364.90 Td (such, ) Tj ET Q q 0 0 0 rg BT 154.48 364.90 Td (we ) Tj ET Q q 0 0 0 rg BT 170.52 364.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 211.58 364.90 Td (to ) Tj ET Q q 0 0 0 rg BT 223.17 364.90 Td (support ) Tj ET Q q 0 0 0 rg BT 259.77 364.90 Td (drilling ) Tj ET Q q 0 0 0 rg BT 291.92 364.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 341.87 364.90 Td (and ) Tj ET Q q 0 0 0 rg BT 361.81 364.90 Td (technology ) Tj ET Q q 0 0 0 rg BT 413.43 364.90 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 458.92 364.90 Td (providing ) Tj ET Q q 0 0 0 rg BT 502.76 364.90 Td (valuable ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 352.90 Td (services ) Tj ET Q q 0 0 0 rg BT 111.40 352.90 Td (to ) Tj ET Q q 0 0 0 rg BT 122.46 352.90 Td (our ) Tj ET Q q 0 0 0 rg BT 139.63 352.90 Td (customers ) Tj ET Q q 0 0 0 rg BT 188.48 352.90 Td (in ) Tj ET Q q 0 0 0 rg BT 198.98 352.90 Td (support ) Tj ET Q q 0 0 0 rg BT 235.06 352.90 Td (of ) Tj ET Q q 0 0 0 rg BT 246.12 352.90 Td (the ) Tj ET Q q 0 0 0 rg BT 262.74 352.90 Td (global ) Tj ET Q q 0 0 0 rg BT 292.15 352.90 Td (energy ) Tj ET Q q 0 0 0 rg BT 325.45 352.90 Td (infrastructure. ) Tj ET Q q 0 0 0 rg BT 389.12 352.90 Td (The ) Tj ET Q q 0 0 0 rg BT 409.08 352.90 Td (health ) Tj ET Q q 0 0 0 rg BT 439.04 352.90 Td (and ) Tj ET Q q 0 0 0 rg BT 458.45 352.90 Td (safety ) Tj ET Q q 0 0 0 rg BT 487.85 352.90 Td (of ) Tj ET Q q 0 0 0 rg BT 498.91 352.90 Td (all ) Tj ET Q q 0 0 0 rg BT 511.64 352.90 Td (Pason ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 340.90 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 131.08 340.90 Td (- ) Tj ET Q q 0 0 0 rg BT 136.79 340.90 Td (our ) Tj ET Q q 0 0 0 rg BT 153.62 340.90 Td (employees, ) Tj ET Q q 0 0 0 rg BT 207.13 340.90 Td (customers, ) Tj ET Q q 0 0 0 rg BT 258.41 340.90 Td (and ) Tj ET Q q 0 0 0 rg BT 277.47 340.90 Td (vendors, ) Tj ET Q q 0 0 0 rg BT 318.21 340.90 Td (remain ) Tj ET Q q 0 0 0 rg BT 351.15 340.90 Td (a ) Tj ET Q q 0 0 0 rg BT 359.09 340.90 Td (top ) Tj ET Q q 0 0 0 rg BT 375.37 340.90 Td (priority ) Tj ET Q q 0 0 0 rg BT 407.75 340.90 Td (for ) Tj ET Q q 0 0 0 rg BT 421.80 340.90 Td (us. ) Tj ET Q q 0 0 0 rg BT 437.05 340.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 487.99 340.90 Td (, ) Tj ET Q q 0 0 0 rg BT 493.15 340.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 523.88 340.90 Td (has ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 328.90 Td (implemented ) Tj ET Q q 0 0 0 rg BT 132.17 328.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 177.90 328.90 Td (policies ) Tj ET Q q 0 0 0 rg BT 214.17 328.90 Td (and ) Tj ET Q q 0 0 0 rg BT 233.78 328.90 Td (procedures ) Tj ET Q q 0 0 0 rg BT 286.72 328.90 Td (to ) Tj ET Q q 0 0 0 rg BT 297.98 328.90 Td (protect ) Tj ET Q q 0 0 0 rg BT 331.47 328.90 Td (the ) Tj ET Q q 0 0 0 rg BT 348.29 328.90 Td (well-being ) Tj ET Q q 0 0 0 rg BT 396.24 328.90 Td (of ) Tj ET Q q 0 0 0 rg BT 407.50 328.90 Td (our ) Tj ET Q q 0 0 0 rg BT 424.87 328.90 Td (stakeholders. ) Tj ET Q q 0 0 0 rg BT 487.08 328.90 Td (T) Tj ET Q q 0 0 0 rg BT 492.08 328.90 Td (o ) Tj ET Q q 0 0 0 rg BT 500.56 328.90 Td (minimize ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 316.90 Td (the ) Tj ET Q q 0 0 0 rg BT 87.92 316.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 119.40 316.90 Td (of ) Tj ET Q q 0 0 0 rg BT 129.76 316.90 Td (COVID-19 ) Tj ET Q q 0 0 0 rg BT 177.91 316.90 Td (on ) Tj ET Q q 0 0 0 rg BT 191.05 316.90 Td (our ) Tj ET Q q 0 0 0 rg BT 207.53 316.90 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 245.14 316.90 Td (operations, ) Tj ET Q q 0 0 0 rg BT 296.64 316.90 Td (we ) Tj ET Q q 0 0 0 rg BT 311.45 316.90 Td (began ) Tj ET Q q 0 0 0 rg BT 341.28 316.90 Td (working ) Tj ET Q q 0 0 0 rg BT 377.76 316.90 Td (remotely ) Tj ET Q q 0 0 0 rg BT 418.13 316.90 Td (where ) Tj ET Q q 0 0 0 rg BT 447.38 316.90 Td (possible ) Tj ET Q q 0 0 0 rg BT 486.10 316.90 Td (sinceMarch ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 304.90 Td (16th. ) Tj ET Q q 0 0 0 rg BT 97.02 304.90 Td (W) Tj ET Q q 0 0 0 rg BT 106.28 304.90 Td (e ) Tj ET Q q 0 0 0 rg BT 114.62 304.90 Td (are ) Tj ET Q q 0 0 0 rg BT 131.85 304.90 Td (proud ) Tj ET Q q 0 0 0 rg BT 160.20 304.90 Td (of ) Tj ET Q q 0 0 0 rg BT 171.32 304.90 Td (how ) Tj ET Q q 0 0 0 rg BT 192.44 304.90 Td (our ) Tj ET Q q 0 0 0 rg BT 209.68 304.90 Td (people ) Tj ET Q q 0 0 0 rg BT 242.48 304.90 Td (have ) Tj ET Q q 0 0 0 rg BT 266.95 304.90 Td (responded ) Tj ET Q q 0 0 0 rg BT 316.99 304.90 Td (in ) Tj ET Q q 0 0 0 rg BT 327.55 304.90 Td (these ) Tj ET Q q 0 0 0 rg BT 354.79 304.90 Td (challenging ) Tj ET Q q 0 0 0 rg BT 408.16 304.90 Td (times.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 286.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 103.81 286.90 Td (will ) Tj ET Q q 0 0 0 rg BT 121.14 286.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 162.40 286.90 Td (to ) Tj ET Q q 0 0 0 rg BT 174.19 286.90 Td (make ) Tj ET Q q 0 0 0 rg BT 202.10 286.90 Td (operationally ) Tj ET Q q 0 0 0 rg BT 262.25 286.90 Td (sound ) Tj ET Q q 0 0 0 rg BT 292.95 286.90 Td (and ) Tj ET Q q 0 0 0 rg BT 313.09 286.90 Td (fiscally ) Tj ET Q q 0 0 0 rg BT 346.54 286.90 Td (conservative ) Tj ET Q q 0 0 0 rg BT 406.13 286.90 Td (decisions ) Tj ET Q q 0 0 0 rg BT 451.27 286.90 Td (to ) Tj ET Q q 0 0 0 rg BT 463.06 286.90 Td (support ) Tj ET Q q 0 0 0 rg BT 499.87 286.90 Td (our ) Tj ET Q q 0 0 0 rg BT 517.77 286.90 Td (long-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 274.90 Td (term ) Tj ET Q q 0 0 0 rg BT 94.72 274.90 Td (success. ) Tj ET Q q 0 0 0 rg BT 136.34 274.90 Td (In ) Tj ET Q q 0 0 0 rg BT 147.40 274.90 Td (light ) Tj ET Q q 0 0 0 rg BT 168.47 274.90 Td (of ) Tj ET Q q 0 0 0 rg BT 179.53 274.90 Td (the ) Tj ET Q q 0 0 0 rg BT 196.15 274.90 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 255.57 274.90 Td (related ) Tj ET Q q 0 0 0 rg BT 288.86 274.90 Td (to ) Tj ET Q q 0 0 0 rg BT 299.92 274.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.55 274.90 Td (outlook ) Tj ET Q q 0 0 0 rg BT 351.51 274.90 Td (for ) Tj ET Q q 0 0 0 rg BT 365.90 274.90 Td (industry ) Tj ET Q q 0 0 0 rg BT 403.64 274.90 Td (activity) Tj ET Q q 0 0 0 rg BT 433.46 274.90 Td (, ) Tj ET Q q 0 0 0 rg BT 438.96 274.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 470.03 274.90 Td (has ) Tj ET Q q 0 0 0 rg BT 488.87 274.90 Td (reassessed ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 262.90 Td (its ) Tj ET Q q 0 0 0 rg BT 84.69 262.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 105.72 262.90 Td (structure, ) Tj ET Q q 0 0 0 rg BT 150.09 262.90 Td (as ) Tj ET Q q 0 0 0 rg BT 163.34 262.90 Td (well ) Tj ET Q q 0 0 0 rg BT 183.26 262.90 Td (as ) Tj ET Q q 0 0 0 rg BT 196.51 262.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.10 262.90 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 290.83 262.90 Td (for ) Tj ET Q q 0 0 0 rg BT 305.19 262.90 Td (the ) Tj ET Q q 0 0 0 rg BT 321.79 262.90 Td (remainder ) Tj ET Q q 0 0 0 rg BT 369.49 262.90 Td (of ) Tj ET Q q 0 0 0 rg BT 380.52 262.90 Td (2020. ) Tj ET Q q 0 0 0 rg BT 408.24 262.90 Td (W) Tj ET Q q 0 0 0 rg BT 417.50 262.90 Td (e ) Tj ET Q q 0 0 0 rg BT 425.75 262.90 Td (intend ) Tj ET Q q 0 0 0 rg BT 455.68 262.90 Td (to ) Tj ET Q q 0 0 0 rg BT 466.71 262.90 Td (make ) Tj ET Q q 0 0 0 rg BT 493.86 262.90 Td (reductions ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 250.90 Td (to ) Tj ET Q q 0 0 0 rg BT 84.22 250.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 129.81 250.90 Td (and ) Tj ET Q q 0 0 0 rg BT 150.38 250.90 Td (other ) Tj ET Q q 0 0 0 rg BT 177.05 250.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 223.74 250.90 Td (during ) Tj ET Q q 0 0 0 rg BT 255.42 250.90 Td (the ) Tj ET Q q 0 0 0 rg BT 273.21 250.90 Td (second ) Tj ET Q q 0 0 0 rg BT 309.34 250.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 344.91 250.90 Td (while ) Tj ET Q q 0 0 0 rg BT 371.58 250.90 Td (retaining ) Tj ET Q q 0 0 0 rg BT 413.82 250.90 Td (key ) Tj ET Q q 0 0 0 rg BT 433.27 250.90 Td (capabilities, ) Tj ET Q q 0 0 0 rg BT 489.40 250.90 Td (people ) Tj ET Q q 0 0 0 rg BT 523.32 250.90 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 238.90 Td (relationships ) Tj ET Q q 0 0 0 rg BT 131.33 238.90 Td (to ) Tj ET Q q 0 0 0 rg BT 142.85 238.90 Td (strengthen ) Tj ET Q q 0 0 0 rg BT 193.29 238.90 Td (our ) Tj ET Q q 0 0 0 rg BT 210.93 238.90 Td (competitive ) Tj ET Q q 0 0 0 rg BT 264.69 238.90 Td (position ) Tj ET Q q 0 0 0 rg BT 302.35 238.90 Td (for ) Tj ET Q q 0 0 0 rg BT 317.20 238.90 Td (the ) Tj ET Q q 0 0 0 rg BT 334.29 238.90 Td (future. ) Tj ET Q q 0 0 0 rg BT 365.82 238.90 Td (W) Tj ET Q q 0 0 0 rg BT 375.08 238.90 Td (e ) Tj ET Q q 0 0 0 rg BT 383.83 238.90 Td (now ) Tj ET Q q 0 0 0 rg BT 405.36 238.90 Td (intend ) Tj ET Q q 0 0 0 rg BT 435.79 238.90 Td (to ) Tj ET Q q 0 0 0 rg BT 447.31 238.90 Td (spend ) Tj ET Q q 0 0 0 rg BT 477.74 238.90 Td (approximately ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 226.90 Td ($10 ) Tj ET Q q 0 0 0 rg BT 91.77 226.90 Td (million ) Tj ET Q q 0 0 0 rg BT 123.20 226.90 Td (in ) Tj ET Q q 0 0 0 rg BT 134.07 226.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 166.07 226.90 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 226.42 226.90 Td (in ) Tj ET Q q 0 0 0 rg BT 237.29 226.90 Td (2020, ) Tj ET Q q 0 0 0 rg BT 265.40 226.90 Td (which ) Tj ET Q q 0 0 0 rg BT 294.06 226.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 333.84 226.90 Td (the ) Tj ET Q q 0 0 0 rg BT 350.83 226.90 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 401.17 226.90 Td (portion ) Tj ET Q q 0 0 0 rg BT 434.83 226.90 Td (of ) Tj ET Q q 0 0 0 rg BT 446.26 226.90 Td (R&D, ) Tj ET Q q 0 0 0 rg BT 473.24 226.90 Td (down ) Tj ET Q q 0 0 0 rg BT 500.24 226.90 Td (from ) Tj ET Q q 0 0 0 rg BT 523.33 226.90 Td ($25 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 214.90 Td (million ) Tj ET Q q 0 0 0 rg BT 103.12 214.90 Td (announced ) Tj ET Q q 0 0 0 rg BT 155.39 214.90 Td (at ) Tj ET Q q 0 0 0 rg BT 166.51 214.90 Td (the ) Tj ET Q q 0 0 0 rg BT 183.19 214.90 Td (beginning ) Tj ET Q q 0 0 0 rg BT 229.34 214.90 Td (of ) Tj ET Q q 0 0 0 rg BT 240.46 214.90 Td (the ) Tj ET Q q 0 0 0 rg BT 257.14 214.90 Td (year) Tj ET Q q 0 0 0 rg BT 276.04 214.90 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 196.90 Td (Going ) Tj ET Q q 0 0 0 rg BT 101.32 196.90 Td (forward, ) Tj ET Q q 0 0 0 rg BT 140.07 196.90 Td (we ) Tj ET Q q 0 0 0 rg BT 155.49 196.90 Td (will ) Tj ET Q q 0 0 0 rg BT 172.00 196.90 Td (allocate ) Tj ET Q q 0 0 0 rg BT 209.10 196.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 240.64 196.90 Td (to ) Tj ET Q q 0 0 0 rg BT 251.61 196.90 Td (safeguard ) Tj ET Q q 0 0 0 rg BT 298.72 196.90 Td (the ) Tj ET Q q 0 0 0 rg BT 315.26 196.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 360.13 196.90 Td (prospects ) Tj ET Q q 0 0 0 rg BT 406.11 196.90 Td (of ) Tj ET Q q 0 0 0 rg BT 417.08 196.90 Td (Pason) Tj ET Q q 0 0 0 rg BT 447.48 196.90 Td (s ) Tj ET Q q 0 0 0 rg BT 455.11 196.90 Td (core ) Tj ET Q q 0 0 0 rg BT 477.20 196.90 Td (drilling-related ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 184.90 Td (business ) Tj ET Q q 0 0 0 rg BT 114.25 184.90 Td (and ) Tj ET Q q 0 0 0 rg BT 133.71 184.90 Td (of ) Tj ET Q q 0 0 0 rg BT 144.83 184.90 Td (Energy ) Tj ET Q q 0 0 0 rg BT 179.11 184.90 Td (T) Tj ET Q q 0 0 0 rg BT 184.11 184.90 Td (oolbase, ) Tj ET Q q 0 0 0 rg BT 224.70 184.90 Td (our ) Tj ET Q q 0 0 0 rg BT 241.93 184.90 Td (foothold ) Tj ET Q q 0 0 0 rg BT 280.29 184.90 Td (in ) Tj ET Q q 0 0 0 rg BT 290.85 184.90 Td (the ) Tj ET Q q 0 0 0 rg BT 307.53 184.90 Td (solar ) Tj ET Q q 0 0 0 rg BT 331.99 184.90 Td (and ) Tj ET Q q 0 0 0 rg BT 351.45 184.90 Td (energy ) Tj ET Q q 0 0 0 rg BT 384.80 184.90 Td (storage ) Tj ET Q q 0 0 0 rg BT 420.94 184.90 Td (market.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 166.90 Td (The ) Tj ET Q q 0 0 0 rg BT 92.50 166.90 Td (energy ) Tj ET Q q 0 0 0 rg BT 126.35 166.90 Td (world ) Tj ET Q q 0 0 0 rg BT 153.52 166.90 Td (has ) Tj ET Q q 0 0 0 rg BT 172.92 166.90 Td (been ) Tj ET Q q 0 0 0 rg BT 198.43 166.90 Td (upended ) Tj ET Q q 0 0 0 rg BT 240.64 166.90 Td (by ) Tj ET Q q 0 0 0 rg BT 254.47 166.90 Td (the ) Tj ET Q q 0 0 0 rg BT 271.64 166.90 Td (two ) Tj ET Q q 0 0 0 rg BT 290.48 166.90 Td (2020 ) Tj ET Q q 0 0 0 rg BT 315.99 166.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 329.27 166.90 Td (black ) Tj ET Q q 0 0 0 rg BT 355.89 166.90 Td (swans ) Tj ET Q q 0 0 0 rg BT 387.50 166.90 Td (- ) Tj ET Q q 0 0 0 rg BT 394.11 166.90 Td (a ) Tj ET Q q 0 0 0 rg BT 402.94 166.90 Td (demand ) Tj ET Q q 0 0 0 rg BT 442.35 166.90 Td (collapse ) Tj ET Q q 0 0 0 rg BT 482.31 166.90 Td (and ) Tj ET Q q 0 0 0 rg BT 502.27 166.90 Td (a ) Tj ET Q q 0 0 0 rg BT 511.10 166.90 Td (supply ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 154.90 Td (surge. ) Tj ET Q q 0 0 0 rg BT 103.22 154.90 Td (Survival ) Tj ET Q q 0 0 0 rg BT 142.21 154.90 Td (has ) Tj ET Q q 0 0 0 rg BT 161.76 154.90 Td (become ) Tj ET Q q 0 0 0 rg BT 200.77 154.90 Td (the ) Tj ET Q q 0 0 0 rg BT 218.09 154.90 Td (primary ) Tj ET Q q 0 0 0 rg BT 254.86 154.90 Td (focus ) Tj ET Q q 0 0 0 rg BT 282.18 154.90 Td (of ) Tj ET Q q 0 0 0 rg BT 293.95 154.90 Td (many ) Tj ET Q q 0 0 0 rg BT 321.83 154.90 Td (E&P) Tj ET Q q 0 0 0 rg BT 341.66 154.90 Td ( ) Tj ET Q q 0 0 0 rg BT 345.09 154.90 Td (and ) Tj ET Q q 0 0 0 rg BT 365.20 154.90 Td (oilfield ) Tj ET Q q 0 0 0 rg BT 396.97 154.90 Td (service ) Tj ET Q q 0 0 0 rg BT 432.08 154.90 Td (companies. ) Tj ET Q q 0 0 0 rg BT 486.64 154.90 Td (Significantly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 142.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 111.07 142.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.12 142.90 Td (flows ) Tj ET Q q 0 0 0 rg BT 160.83 142.90 Td (for ) Tj ET Q q 0 0 0 rg BT 175.42 142.90 Td (every ) Tj ET Q q 0 0 0 rg BT 202.81 142.90 Td (company ) Tj ET Q q 0 0 0 rg BT 246.31 142.90 Td (in ) Tj ET Q q 0 0 0 rg BT 257.02 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 273.85 142.90 Td (industry) Tj ET Q q 0 0 0 rg BT 308.12 142.90 Td (, ) Tj ET Q q 0 0 0 rg BT 313.83 142.90 Td (including ) Tj ET Q q 0 0 0 rg BT 356.23 142.90 Td (Pason, ) Tj ET Q q 0 0 0 rg BT 390.29 142.90 Td (are ) Tj ET Q q 0 0 0 rg BT 407.67 142.90 Td (unavoidable ) Tj ET Q q 0 0 0 rg BT 464.53 142.90 Td (in ) Tj ET Q q 0 0 0 rg BT 475.24 142.90 Td (the ) Tj ET Q q 0 0 0 rg BT 492.07 142.90 Td (short ) Tj ET Q q 0 0 0 rg BT 517.23 142.90 Td (term. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 130.90 Td (However) Tj ET Q q 0 0 0 rg BT 110.91 130.90 Td (, ) Tj ET Q q 0 0 0 rg BT 117.26 130.90 Td (this ) Tj ET Q q 0 0 0 rg BT 136.39 130.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 194.99 130.90 Td (also ) Tj ET Q q 0 0 0 rg BT 216.90 130.90 Td (provides ) Tj ET Q q 0 0 0 rg BT 258.27 130.90 Td (an ) Tj ET Q q 0 0 0 rg BT 272.97 130.90 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 326.01 130.90 Td (for ) Tj ET Q q 0 0 0 rg BT 341.25 130.90 Td (the ) Tj ET Q q 0 0 0 rg BT 358.73 130.90 Td (strongest ) Tj ET Q q 0 0 0 rg BT 403.43 130.90 Td (companies, ) Tj ET Q q 0 0 0 rg BT 458.14 130.90 Td (such ) Tj ET Q q 0 0 0 rg BT 482.83 130.90 Td (as ) Tj ET Q q 0 0 0 rg BT 496.97 130.90 Td (Pason, ) Tj ET Q q 0 0 0 rg BT 531.67 130.90 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 118.90 Td (become ) Tj ET Q q 0 0 0 rg BT 110.86 118.90 Td (even ) Tj ET Q q 0 0 0 rg BT 135.84 118.90 Td (stronger ) Tj ET Q q 0 0 0 rg BT 175.81 118.90 Td (by ) Tj ET Q q 0 0 0 rg BT 189.66 118.90 Td (leapfrogging ) Tj ET Q q 0 0 0 rg BT 247.99 118.90 Td (competition ) Tj ET Q q 0 0 0 rg BT 302.42 118.90 Td (in ) Tj ET Q q 0 0 0 rg BT 313.49 118.90 Td (terms ) Tj ET Q q 0 0 0 rg BT 341.78 118.90 Td (of ) Tj ET Q q 0 0 0 rg BT 353.41 118.90 Td (technology ) Tj ET Q q 0 0 0 rg BT 405.07 118.90 Td (and ) Tj ET Q q 0 0 0 rg BT 425.04 118.90 Td (service, ) Tj ET Q q 0 0 0 rg BT 462.78 118.90 Td (and ) Tj ET Q q 0 0 0 rg BT 482.75 118.90 Td (opportunities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 106.90 Td (may ) Tj ET Q q 0 0 0 rg BT 94.20 106.90 Td (emerge ) Tj ET Q q 0 0 0 rg BT 131.41 106.90 Td (to ) Tj ET Q q 0 0 0 rg BT 143.05 106.90 Td (acquire ) Tj ET Q q 0 0 0 rg BT 179.15 106.90 Td (high-quality ) Tj ET Q q 0 0 0 rg BT 233.60 106.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 265.81 106.90 Td (and ) Tj ET Q q 0 0 0 rg BT 285.80 106.90 Td (business ) Tj ET Q q 0 0 0 rg BT 328.57 106.90 Td (lines. ) Tj ET Q q 0 0 0 rg BT 354.56 106.90 Td (As ) Tj ET Q q 0 0 0 rg BT 369.54 106.90 Td (the ) Tj ET Q q 0 0 0 rg BT 386.74 106.90 Td (macro ) Tj ET Q q 0 0 0 rg BT 417.83 106.90 Td (environment ) Tj ET Q q 0 0 0 rg BT 476.17 106.90 Td (for ) Tj ET Q q 0 0 0 rg BT 491.14 106.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 504.45 106.90 Td (corrects ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 94.90 Td (over ) Tj ET Q q 0 0 0 rg BT 94.23 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 110.91 94.90 Td (next ) Tj ET Q q 0 0 0 rg BT 132.59 94.90 Td (18 ) Tj ET Q q 0 0 0 rg BT 146.49 94.90 Td (to ) Tj ET Q q 0 0 0 rg BT 157.61 94.90 Td (24 ) Tj ET Q q 0 0 0 rg BT 171.51 94.90 Td (months, ) Tj ET Q q 0 0 0 rg BT 209.86 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 226.54 94.90 Td (focus ) Tj ET Q q 0 0 0 rg BT 253.22 94.90 Td (will ) Tj ET Q q 0 0 0 rg BT 269.89 94.90 Td (again ) Tj ET Q q 0 0 0 rg BT 297.13 94.90 Td (shift ) Tj ET Q q 0 0 0 rg BT 318.25 94.90 Td (to ) Tj ET Q q 0 0 0 rg BT 329.37 94.90 Td (the ) Tj ET Q q 0 0 0 rg BT 346.05 94.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 391.06 94.90 Td (future.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (4 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Pason ) Tj ET Q q 0 0 0 rg BT 102.99 712.75 Td (will ) Tj ET Q q 0 0 0 rg BT 119.50 712.75 Td (survive ) Tj ET Q q 0 0 0 rg BT 153.81 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 173.13 712.75 Td (we ) Tj ET Q q 0 0 0 rg BT 188.54 712.75 Td (are ) Tj ET Q q 0 0 0 rg BT 205.63 712.75 Td (confident ) Tj ET Q q 0 0 0 rg BT 248.85 712.75 Td (that ) Tj ET Q q 0 0 0 rg BT 268.16 712.75 Td (we ) Tj ET Q q 0 0 0 rg BT 283.57 712.75 Td (will ) Tj ET Q q 0 0 0 rg BT 300.09 712.75 Td (make ) Tj ET Q q 0 0 0 rg BT 327.18 712.75 Td (it ) Tj ET Q q 0 0 0 rg BT 334.81 712.75 Td (through ) Tj ET Q q 0 0 0 rg BT 371.36 712.75 Td (this ) Tj ET Q q 0 0 0 rg BT 389.55 712.75 Td (much ) Tj ET Q q 0 0 0 rg BT 416.63 712.75 Td (better ) Tj ET Q q 0 0 0 rg BT 444.84 712.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.15 712.75 Td (stronger ) Tj ET Q q 0 0 0 rg BT 503.47 712.75 Td (than ) Tj ET Q q 0 0 0 rg BT 525.56 712.75 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 700.75 Td (competitors ) Tj ET Q q 0 0 0 rg BT 126.46 700.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.93 700.75 Td (peers.) Tj ET Q /GS0 gs q 108.00 0 0 29.00 72.00 642.75 cm /I3 Do Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 624.75 Td (Marcel ) Tj ET Q q 0 0 0 rg BT 104.78 624.75 Td (Kessler) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 612.75 Td (President ) Tj ET Q q 0 0 0 rg BT 117.02 612.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.49 612.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 162.61 612.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 208.74 612.75 Td (Of) Tj ET Q q 0 0 0 rg BT 219.12 612.75 Td (ficer) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 600.75 Td (April30, ) Tj ET Q q 0 0 0 rg BT 111.46 600.75 Td (2020) Tj ET Q BT /F4 10.00 Tf ET endstream endobj 11 0 obj <> endobj 12 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (5 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 18.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.32941176470588235 0.37254901960784315 rg BT 72.00 706.90 Td (Management) Tj ET Q q 0 0.32941176470588235 0.37254901960784315 rg BT 186.35 706.90 Td (s Discussion and ) Tj ET Q q 0 0.32941176470588235 0.37254901960784315 rg BT 338.73 706.90 Td (Analysis) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 688.90 Td (The ) Tj ET Q q 0 0 0 rg BT 92.71 688.90 Td (following ) Tj ET Q q 0 0 0 rg BT 135.10 688.90 Td (discussion ) Tj ET Q q 0 0 0 rg BT 185.27 688.90 Td (and ) Tj ET Q q 0 0 0 rg BT 205.43 688.90 Td (analysis ) Tj ET Q q 0 0 0 rg BT 245.04 688.90 Td (has ) Tj ET Q q 0 0 0 rg BT 264.64 688.90 Td (been ) Tj ET Q q 0 0 0 rg BT 290.36 688.90 Td (prepared ) Tj ET Q q 0 0 0 rg BT 333.87 688.90 Td (by ) Tj ET Q q 0 0 0 rg BT 347.91 688.90 Td (management ) Tj ET Q q 0 0 0 rg BT 409.76 688.90 Td (as ) Tj ET Q q 0 0 0 rg BT 423.80 688.90 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 434.93 688.90 Td (April30, ) Tj ET Q q 0 0 0 rg BT 475.09 688.90 Td (2020) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 497.34 688.90 Td (, ) Tj ET Q q 0 0 0 rg BT 503.59 688.90 Td (and ) Tj ET Q q 0 0 0 rg BT 523.76 688.90 Td (is ) Tj ET Q q 0 0 0 rg BT 534.46 688.90 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 676.90 Td (review ) Tj ET Q q 0 0 0 rg BT 103.85 676.90 Td (of ) Tj ET Q q 0 0 0 rg BT 115.14 676.90 Td (the ) Tj ET Q q 0 0 0 rg BT 131.99 676.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.63 676.90 Td (condition ) Tj ET Q q 0 0 0 rg BT 214.61 676.90 Td (and ) Tj ET Q q 0 0 0 rg BT 234.25 676.90 Td (results ) Tj ET Q q 0 0 0 rg BT 266.65 676.90 Td (of ) Tj ET Q q 0 0 0 rg BT 277.94 676.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 327.59 676.90 Td (of ) Tj ET Q q 0 0 0 rg BT 338.88 676.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 370.19 676.90 Td (Systems ) Tj ET Q q 0 0 0 rg BT 411.48 676.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 430.54 676.90 Td (\(Pason ) Tj ET Q q 0 0 0 rg BT 465.18 676.90 Td (or ) Tj ET Q q 0 0 0 rg BT 477.02 676.90 Td (the ) Tj ET Q q 0 0 0 rg BT 493.87 676.90 Td (Company\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 664.90 Td (based ) Tj ET Q q 0 0 0 rg BT 102.74 664.90 Td (on ) Tj ET Q q 0 0 0 rg BT 117.35 664.90 Td (International ) Tj ET Q q 0 0 0 rg BT 175.88 664.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 219.38 664.90 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 266.23 664.90 Td (Standards ) Tj ET Q q 0 0 0 rg BT 315.31 664.90 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 348.24 664.90 Td (and ) Tj ET Q q 0 0 0 rg BT 368.41 664.90 Td (should ) Tj ET Q q 0 0 0 rg BT 401.37 664.90 Td (be ) Tj ET Q q 0 0 0 rg BT 415.98 664.90 Td (read ) Tj ET Q q 0 0 0 rg BT 439.48 664.90 Td (in ) Tj ET Q q 0 0 0 rg BT 450.76 664.90 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 504.84 664.90 Td (with ) Tj ET Q q 0 0 0 rg BT 526.11 664.90 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 652.90 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 133.15 652.90 Td (Financial ) Tj ET Q q 0 0 0 rg BT 175.95 652.90 Td (Statements ) Tj ET Q q 0 0 0 rg BT 229.31 652.90 Td (and ) Tj ET Q q 0 0 0 rg BT 248.77 652.90 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 316.03 652.90 Td (notes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 634.90 Td (Certain ) Tj ET Q q 0 0 0 rg BT 107.96 634.90 Td (information ) Tj ET Q q 0 0 0 rg BT 161.15 634.90 Td (regarding ) Tj ET Q q 0 0 0 rg BT 207.12 634.90 Td (the ) Tj ET Q q 0 0 0 rg BT 224.74 634.90 Td (Company ) Tj ET Q q 0 0 0 rg BT 271.26 634.90 Td (contained ) Tj ET Q q 0 0 0 rg BT 318.35 634.90 Td (herein ) Tj ET Q q 0 0 0 rg BT 349.87 634.90 Td (may ) Tj ET Q q 0 0 0 rg BT 372.48 634.90 Td (constitute ) Tj ET Q q 0 0 0 rg BT 419.01 634.90 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 491.09 634.90 Td (statements ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 622.90 Td (under ) Tj ET Q q 0 0 0 rg BT 100.04 622.90 Td (applicable ) Tj ET Q q 0 0 0 rg BT 147.53 622.90 Td (securities ) Tj ET Q q 0 0 0 rg BT 192.23 622.90 Td (laws. ) Tj ET Q q 0 0 0 rg BT 217.47 622.90 Td (Such ) Tj ET Q q 0 0 0 rg BT 242.72 622.90 Td (statements ) Tj ET Q q 0 0 0 rg BT 294.09 622.90 Td (are ) Tj ET Q q 0 0 0 rg BT 311.00 622.90 Td (subject ) Tj ET Q q 0 0 0 rg BT 345.15 622.90 Td (to ) Tj ET Q q 0 0 0 rg BT 355.95 622.90 Td (known ) Tj ET Q q 0 0 0 rg BT 387.31 622.90 Td (or ) Tj ET Q q 0 0 0 rg BT 398.66 622.90 Td (unknown ) Tj ET Q q 0 0 0 rg BT 441.15 622.90 Td (risks ) Tj ET Q q 0 0 0 rg BT 464.16 622.90 Td (and ) Tj ET Q q 0 0 0 rg BT 483.31 622.90 Td (uncertainties ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (that ) Tj ET Q q 0 0 0 rg BT 92.21 610.90 Td (may ) Tj ET Q q 0 0 0 rg BT 114.64 610.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 144.85 610.90 Td (actual ) Tj ET Q q 0 0 0 rg BT 175.07 610.90 Td (results ) Tj ET Q q 0 0 0 rg BT 208.06 610.90 Td (to ) Tj ET Q q 0 0 0 rg BT 219.93 610.90 Td (dif) Tj ET Q q 0 0 0 rg BT 230.31 610.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 245.51 610.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 291.83 610.90 Td (from ) Tj ET Q q 0 0 0 rg BT 315.37 610.90 Td (those ) Tj ET Q q 0 0 0 rg BT 343.36 610.90 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 395.26 610.90 Td (or ) Tj ET Q q 0 0 0 rg BT 407.69 610.90 Td (implied ) Tj ET Q q 0 0 0 rg BT 442.90 610.90 Td (in ) Tj ET Q q 0 0 0 rg BT 454.22 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 471.65 610.90 Td (forward-looking ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 598.90 Td (statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 580.90 Td (All ) Tj ET Q q 0 0 0 rg BT 85.06 580.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.69 580.90 Td (measures ) Tj ET Q q 0 0 0 rg BT 169.54 580.90 Td (presented ) Tj ET Q q 0 0 0 rg BT 215.96 580.90 Td (in ) Tj ET Q q 0 0 0 rg BT 225.68 580.90 Td (this ) Tj ET Q q 0 0 0 rg BT 243.19 580.90 Td (report ) Tj ET Q q 0 0 0 rg BT 271.25 580.90 Td (are ) Tj ET Q q 0 0 0 rg BT 287.65 580.90 Td (expressed ) Tj ET Q q 0 0 0 rg BT 335.73 580.90 Td (in ) Tj ET Q q 0 0 0 rg BT 345.46 580.90 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 390.21 580.90 Td (dollars ) Tj ET Q q 0 0 0 rg BT 421.61 580.90 Td (unless ) Tj ET Q q 0 0 0 rg BT 452.46 580.90 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 497.20 580.90 Td (indicated.) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 546.70 Td (Impact of Hyperinflation) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 528.70 Td (In ) Tj ET Q q 0 0 0 rg BT 82.64 528.70 Td (2018, ) Tj ET Q q 0 0 0 rg BT 109.97 528.70 Td (the ) Tj ET Q q 0 0 0 rg BT 126.18 528.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 171.28 528.70 Td (concluded ) Tj ET Q q 0 0 0 rg BT 219.18 528.70 Td (that ) Tj ET Q q 0 0 0 rg BT 238.16 528.70 Td (its ) Tj ET Q q 0 0 0 rg BT 250.01 528.70 Td (Argentinian ) Tj ET Q q 0 0 0 rg BT 302.90 528.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 350.23 528.70 Td (is ) Tj ET Q q 0 0 0 rg BT 359.76 528.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 403.76 528.70 Td (in ) Tj ET Q q 0 0 0 rg BT 413.85 528.70 Td (a ) Tj ET Q q 0 0 0 rg BT 421.71 528.70 Td (hyperinflationary ) Tj ET Q q 0 0 0 rg BT 497.39 528.70 Td (economy) Tj ET Q q 0 0 0 rg BT 537.23 528.70 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 516.70 Td (This ) Tj ET Q q 0 0 0 rg BT 94.44 516.70 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 145.23 516.70 Td (impacts ) Tj ET Q q 0 0 0 rg BT 183.23 516.70 Td (the ) Tj ET Q q 0 0 0 rg BT 200.68 516.70 Td (application ) Tj ET Q q 0 0 0 rg BT 252.03 516.70 Td (of ) Tj ET Q q 0 0 0 rg BT 263.92 516.70 Td (two ) Tj ET Q q 0 0 0 rg BT 283.03 516.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 334.94 516.70 Td (standards, ) Tj ET Q q 0 0 0 rg BT 385.18 516.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 404.84 516.70 Td (21, ) Tj ET Q q 0 0 0 rg BT 422.06 516.70 Td (The ) Tj ET Q q 0 0 0 rg BT 442.83 516.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 452.10 516.70 Td (fects ) Tj ET Q q 0 0 0 rg BT 476.76 516.70 Td (of ) Tj ET Q q 0 0 0 rg BT 488.65 516.70 Td (Changes ) Tj ET Q q 0 0 0 rg BT 532.22 516.70 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 504.70 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 108.68 504.70 Td (Exchange, ) Tj ET Q q 0 0 0 rg BT 158.72 504.70 Td (and ) Tj ET Q q 0 0 0 rg BT 178.18 504.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 197.08 504.70 Td (29, ) Tj ET Q q 0 0 0 rg BT 213.76 504.70 Td (Financial ) Tj ET Q q 0 0 0 rg BT 256.56 504.70 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 302.69 504.70 Td (in ) Tj ET Q q 0 0 0 rg BT 313.25 504.70 Td (Hyperinflationary ) Tj ET Q q 0 0 0 rg BT 391.07 504.70 Td (Economies. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 486.70 Td (The ) Tj ET Q q 0 0 0 rg BT 92.32 486.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 124.86 486.70 Td (of ) Tj ET Q q 0 0 0 rg BT 136.29 486.70 Td (applying ) Tj ET Q q 0 0 0 rg BT 176.63 486.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 195.84 486.70 Td (21 ) Tj ET Q q 0 0 0 rg BT 210.05 486.70 Td (to ) Tj ET Q q 0 0 0 rg BT 221.48 486.70 Td (the ) Tj ET Q q 0 0 0 rg BT 238.47 486.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 283.26 486.70 Td (results ) Tj ET Q q 0 0 0 rg BT 315.80 486.70 Td (of ) Tj ET Q q 0 0 0 rg BT 326.61 486.70 Td (Argentina ) Tj ET Q q 0 0 0 rg BT 372.51 486.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 420.62 486.70 Td (for ) Tj ET Q q 0 0 0 rg BT 435.38 486.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 452.37 486.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 468.48 486.70 Td ( ) Tj ET Q q 0 0 0 rg BT 471.57 486.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 506.34 486.70 Td (of ) Tj ET Q q 0 0 0 rg BT 517.77 486.70 Td (2020 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 474.70 Td (was ) Tj ET Q q 0 0 0 rg BT 92.76 474.70 Td (to ) Tj ET Q q 0 0 0 rg BT 104.07 474.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 144.84 474.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 183.95 474.70 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 197.48 474.70 Td ($93) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 214.17 474.70 Td ( ) Tj ET Q q 0 0 0 rg BT 217.14 474.70 Td (and ) Tj ET Q q 0 0 0 rg BT 236.79 474.70 Td (reduce ) Tj ET Q q 0 0 0 rg BT 270.34 474.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 311.67 474.70 Td (gross ) Tj ET Q q 0 0 0 rg BT 339.09 474.70 Td (profit ) Tj ET Q q 0 0 0 rg BT 364.30 474.70 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.83 474.70 Td ($106) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 400.08 474.70 Td (. ) Tj ET Q q 0 0 0 rg BT 405.64 474.70 Td (The ) Tj ET Q q 0 0 0 rg BT 425.84 474.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 458.26 474.70 Td (of ) Tj ET Q q 0 0 0 rg BT 469.58 474.70 Td (applying ) Tj ET Q q 0 0 0 rg BT 509.80 474.70 Td (IAS ) Tj ET Q q 0 0 0 rg BT 528.89 474.70 Td (29 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 462.70 Td (to ) Tj ET Q q 0 0 0 rg BT 82.39 462.70 Td (the ) Tj ET Q q 0 0 0 rg BT 98.33 462.70 Td (non-monetary ) Tj ET Q q 0 0 0 rg BT 162.08 462.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.03 462.70 Td (and ) Tj ET Q q 0 0 0 rg BT 211.76 462.70 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 254.37 462.70 Td (and ) Tj ET Q q 0 0 0 rg BT 273.10 462.70 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 334.87 462.70 Td (equity ) Tj ET Q q 0 0 0 rg BT 363.60 462.70 Td (of ) Tj ET Q q 0 0 0 rg BT 373.99 462.70 Td (the ) Tj ET Q q 0 0 0 rg BT 389.53 462.70 Td (Argentina ) Tj ET Q q 0 0 0 rg BT 434.38 462.70 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 481.45 462.70 Td (was ) Tj ET Q q 0 0 0 rg BT 501.28 462.70 Td (to ) Tj ET Q q 0 0 0 rg BT 511.66 462.70 Td (record ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 450.70 Td (a ) Tj ET Q q 0 0 0 rg BT 80.84 450.70 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 125.26 450.70 Td (net ) Tj ET Q q 0 0 0 rg BT 142.44 450.70 Td (monetary ) Tj ET Q q 0 0 0 rg BT 187.40 450.70 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 239.60 450.70 Td (of ) Tj ET Q q 0 0 0 rg BT 251.21 450.70 Td ($419 ) Tj ET Q q 0 0 0 rg BT 276.74 450.70 Td (for ) Tj ET Q q 0 0 0 rg BT 291.69 450.70 Td (the ) Tj ET Q q 0 0 0 rg BT 308.87 450.70 Td (three ) Tj ET Q q 0 0 0 rg BT 334.94 450.70 Td (months ) Tj ET Q q 0 0 0 rg BT 371.01 450.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 402.10 450.70 Td (March ) Tj ET Q q 0 0 0 rg BT 433.16 450.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 450.34 450.70 Td (2020. ) Tj ET Q q 0 0 0 rg BT 478.43 450.70 Td (The ) Tj ET Q q 0 0 0 rg BT 498.94 450.70 Td (impact ) Tj ET Q q 0 0 0 rg BT 531.67 450.70 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 438.70 Td (applying ) Tj ET Q q 0 0 0 rg BT 112.03 438.70 Td (these ) Tj ET Q q 0 0 0 rg BT 139.27 438.70 Td (two ) Tj ET Q q 0 0 0 rg BT 157.61 438.70 Td (standards ) Tj ET Q q 0 0 0 rg BT 204.30 438.70 Td (on ) Tj ET Q q 0 0 0 rg BT 218.21 438.70 Td (the ) Tj ET Q q 0 0 0 rg BT 234.89 438.70 Td (comparative ) Tj ET Q q 0 0 0 rg BT 292.13 438.70 Td (period ) Tj ET Q q 0 0 0 rg BT 322.71 438.70 Td (in ) Tj ET Q q 0 0 0 rg BT 333.27 438.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 358.29 438.70 Td (was ) Tj ET Q q 0 0 0 rg BT 378.86 438.70 Td (not ) Tj ET Q q 0 0 0 rg BT 395.54 438.70 Td (material.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 420.70 Td (Impact ) Tj ET Q q 0 0 0 rg BT 107.01 420.70 Td (on ) Tj ET Q q 0 0 0 rg BT 122.00 420.70 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 147.56 420.70 Td (Measures) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 404.20000000000005 m 450.5 404.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 384.20000000000005 m 450.5 384.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 404.20000000000005 m 540.5 404.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 384.20000000000005 m 540.5 384.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 384.20000000000005 m 450.5 384.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 384.20000000000005 m 540.5 384.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 336.20000000000005 m 450.5 336.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 324.20000000000005 m 450.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 336.20000000000005 m 540.5 336.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 324.20000000000005 m 540.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 288.20000000000005 m 450.5 288.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 276.20000000000005 m 450.5 276.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 288.20000000000005 m 540.5 288.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 276.20000000000005 m 540.5 276.20000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 388.43 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.20 388.43 Td (2020) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 75.00 376.40 Td (\(000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 528.40 376.20 Td (\($\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 363.88 Td (Increase in revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.40 363.88 Td (93) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 351.88 Td (\(Increase\) in rental services and local administration expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 351.93 Td (\(55) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 351.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 339.88 Td (\(Increase\) in depreciation expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 521.25 339.93 Td (\(144) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 339.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 327.88 Td (\(Decrease\) in segment gross profit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 521.25 327.93 Td (\(106) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 537.30 327.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 315.88 Td (Net monetary gain presented in other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.95 315.93 Td (419) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 303.88 Td (Increase in other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 303.93 Td (\(1) Tj ET Q q 0 0 0 rg BT 532.81 303.93 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 303.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 291.88 Td (\(Increase\) in income tax expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 291.93 Td (\(12) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 291.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 279.88 Td (Increase in net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.95 279.93 Td (290) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 72.00 258.70 Td (Impact ) Tj ET Q q 0 0 0 rg BT 107.01 258.70 Td (on ) Tj ET Q q 0 0 0 rg BT 122.00 258.70 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 170.33 258.70 Td (Measures ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 242.20000000000005 m 450.5 242.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 222.20000000000005 m 450.5 222.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 242.20000000000005 m 540.5 242.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 222.20000000000005 m 540.5 222.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 222.20000000000005 m 450.5 222.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 222.20000000000005 m 540.5 222.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 162.20000000000005 m 450.5 162.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 162.20000000000005 m 540.5 162.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 126.20000000000005 m 450.5 126.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 126.20000000000005 m 540.5 126.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 114.20000000000005 m 450.5 114.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 114.20000000000005 m 540.5 114.20000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 226.43 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 519.20 226.43 Td (2020) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 75.00 214.40 Td (\(000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 528.40 214.20 Td (\($\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 201.88 Td (Increase in revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.40 201.88 Td (93) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 189.88 Td (\(Increase\) in rental services and local administration expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 189.93 Td (\(55) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 189.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 177.88 Td (Net monetary gain presented in other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.95 177.93 Td (419) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 165.88 Td (Increase in other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 165.93 Td (\(1) Tj ET Q q 0 0 0 rg BT 532.81 165.93 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 165.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 153.88 Td (Increase in EBITDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.95 153.93 Td (446) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 141.88 Td (\(Elimination\) of net monetary gain presented in other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 521.25 141.93 Td (\(419) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 141.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 129.88 Td (\(Elimination\) of other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.40 129.88 Td (1) Tj ET Q q 0 0 0 rg BT 532.85 129.88 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 117.88 Td (Increase in ) Tj ET Q q 0 0 0 rg BT 118.73 117.88 Td (Adjusted EBITDA) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.40 117.88 Td (38) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 13 0 obj <> endobj 14 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (6 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Additional IFRS Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 690.40 Td (In ) Tj ET Q q 0 0 0 rg BT 81.96 690.40 Td (its ) Tj ET Q q 0 0 0 rg BT 93.58 690.40 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 153.57 690.40 Td (Financial ) Tj ET Q q 0 0 0 rg BT 195.21 690.40 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 250.19 690.40 Td (the ) Tj ET Q q 0 0 0 rg BT 265.71 690.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 310.13 690.40 Td (uses ) Tj ET Q q 0 0 0 rg BT 332.87 690.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 364.51 690.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 408.94 690.40 Td (IFRS ) Tj ET Q q 0 0 0 rg BT 433.34 690.40 Td (measures. ) Tj ET Q q 0 0 0 rg BT 481.64 690.40 Td (Management ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 678.40 Td (believes ) Tj ET Q q 0 0 0 rg BT 111.47 678.40 Td (these ) Tj ET Q q 0 0 0 rg BT 138.71 678.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 185.39 678.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 220.97 678.40 Td (useful ) Tj ET Q q 0 0 0 rg BT 250.43 678.40 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 312.69 678.40 Td (information ) Tj ET Q q 0 0 0 rg BT 364.94 678.40 Td (to ) Tj ET Q q 0 0 0 rg BT 376.06 678.40 Td (readers.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 658.00 Td (Funds flow from operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 640.00 Td (Management ) Tj ET Q q 0 0 0 rg BT 132.83 640.00 Td (believes ) Tj ET Q q 0 0 0 rg BT 171.97 640.00 Td (that ) Tj ET Q q 0 0 0 rg BT 191.11 640.00 Td (funds ) Tj ET Q q 0 0 0 rg BT 218.03 640.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 238.27 640.00 Td (from ) Tj ET Q q 0 0 0 rg BT 260.73 640.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 312.67 640.00 Td (as ) Tj ET Q q 0 0 0 rg BT 325.69 640.00 Td (reported ) Tj ET Q q 0 0 0 rg BT 365.39 640.00 Td (in ) Tj ET Q q 0 0 0 rg BT 375.63 640.00 Td (the ) Tj ET Q q 0 0 0 rg BT 391.99 640.00 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 452.82 640.00 Td (Statements ) Tj ET Q q 0 0 0 rg BT 505.86 640.00 Td (of ) Tj ET Q q 0 0 0 rg BT 516.66 640.00 Td (Cash ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 628.00 Td (Flows, ) Tj ET Q q 0 0 0 rg BT 103.88 628.00 Td (is ) Tj ET Q q 0 0 0 rg BT 114.08 628.00 Td (a ) Tj ET Q q 0 0 0 rg BT 122.63 628.00 Td (useful ) Tj ET Q q 0 0 0 rg BT 152.30 628.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 198.09 628.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 239.98 628.00 Td (as ) Tj ET Q q 0 0 0 rg BT 253.53 628.00 Td (it ) Tj ET Q q 0 0 0 rg BT 261.51 628.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 311.75 628.00 Td (the ) Tj ET Q q 0 0 0 rg BT 328.63 628.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 352.74 628.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 400.76 628.00 Td (during ) Tj ET Q q 0 0 0 rg BT 431.54 628.00 Td (the ) Tj ET Q q 0 0 0 rg BT 448.43 628.00 Td (period, ) Tj ET Q q 0 0 0 rg BT 481.99 628.00 Td (regardless ) Tj ET Q q 0 0 0 rg BT 531.66 628.00 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 616.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.49 616.00 Td (timing ) Tj ET Q q 0 0 0 rg BT 117.76 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 128.69 616.00 Td (collection ) Tj ET Q q 0 0 0 rg BT 172.97 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 183.90 616.00 Td (receivables ) Tj ET Q q 0 0 0 rg BT 237.07 616.00 Td (and ) Tj ET Q q 0 0 0 rg BT 256.35 616.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 297.30 616.00 Td (of ) Tj ET Q q 0 0 0 rg BT 308.23 616.00 Td (payables. ) Tj ET Q q 0 0 0 rg BT 353.63 616.00 Td (Funds ) Tj ET Q q 0 0 0 rg BT 384.01 616.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 404.38 616.00 Td (from ) Tj ET Q q 0 0 0 rg BT 426.98 616.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 476.27 616.00 Td (represents ) Tj ET Q q 0 0 0 rg BT 526.10 616.00 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 604.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.06 604.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 116.78 604.00 Td (from ) Tj ET Q q 0 0 0 rg BT 139.71 604.00 Td (continuing ) Tj ET Q q 0 0 0 rg BT 188.24 604.00 Td (operations, ) Tj ET Q q 0 0 0 rg BT 240.65 604.00 Td (excluding ) Tj ET Q q 0 0 0 rg BT 285.84 604.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 329.91 604.00 Td (items. ) Tj ET Q q 0 0 0 rg BT 359.52 604.00 Td (Funds ) Tj ET Q q 0 0 0 rg BT 390.25 604.00 Td (flow ) Tj ET Q q 0 0 0 rg BT 410.96 604.00 Td (from ) Tj ET Q q 0 0 0 rg BT 433.90 604.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 483.54 604.00 Td (is ) Tj ET Q q 0 0 0 rg BT 493.69 604.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 529.44 604.00 Td (as ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 592.00 Td (net ) Tj ET Q q 0 0 0 rg BT 90.51 592.00 Td (income ) Tj ET Q q 0 0 0 rg BT 127.35 592.00 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 169.77 592.00 Td (for ) Tj ET Q q 0 0 0 rg BT 186.04 592.00 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 245.13 592.00 Td (and ) Tj ET Q q 0 0 0 rg BT 266.42 592.00 Td (amortization ) Tj ET Q q 0 0 0 rg BT 325.50 592.00 Td (expense, ) Tj ET Q q 0 0 0 rg BT 370.69 592.00 Td (non-cash, ) Tj ET Q q 0 0 0 rg BT 419.21 592.00 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 477.74 592.00 Td (compensation ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 580.00 Td (expense, ) Tj ET Q q 0 0 0 rg BT 115.36 580.00 Td (deferred ) Tj ET Q q 0 0 0 rg BT 155.39 580.00 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 184.85 580.00 Td (and ) Tj ET Q q 0 0 0 rg BT 204.31 580.00 Td (other ) Tj ET Q q 0 0 0 rg BT 229.88 580.00 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 273.80 580.00 Td (items ) Tj ET Q q 0 0 0 rg BT 300.47 580.00 Td (impacting ) Tj ET Q q 0 0 0 rg BT 346.04 580.00 Td (operations.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 559.60 Td (Cash from operating activities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 541.60 Td (Cash ) Tj ET Q q 0 0 0 rg BT 99.05 541.60 Td (from ) Tj ET Q q 0 0 0 rg BT 122.75 541.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 168.15 541.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 210.20 541.60 Td (is ) Tj ET Q q 0 0 0 rg BT 221.13 541.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 257.64 541.60 Td (as ) Tj ET Q q 0 0 0 rg BT 271.90 541.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 300.07 541.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 321.56 541.60 Td (from ) Tj ET Q q 0 0 0 rg BT 345.26 541.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.66 541.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 437.18 541.60 Td (for ) Tj ET Q q 0 0 0 rg BT 452.55 541.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 494.06 541.60 Td (in ) Tj ET Q q 0 0 0 rg BT 505.55 541.60 Td (working ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 529.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 103.68 529.60 Td (items.) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 501.40 Td (Non-IFRS Financial Measures) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 483.40 Td (These ) Tj ET Q q 0 0 0 rg BT 103.30 483.40 Td (definitions ) Tj ET Q q 0 0 0 rg BT 151.83 483.40 Td (are ) Tj ET Q q 0 0 0 rg BT 169.79 483.40 Td (not ) Tj ET Q q 0 0 0 rg BT 187.19 483.40 Td (recognized ) Tj ET Q q 0 0 0 rg BT 239.62 483.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 287.03 483.40 Td (under ) Tj ET Q q 0 0 0 rg BT 316.11 483.40 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 345.17 483.40 Td (and ) Tj ET Q q 0 0 0 rg BT 365.36 483.40 Td (accordingly) Tj ET Q q 0 0 0 rg BT 415.20 483.40 Td (, ) Tj ET Q q 0 0 0 rg BT 421.48 483.40 Td (may ) Tj ET Q q 0 0 0 rg BT 443.87 483.40 Td (not ) Tj ET Q q 0 0 0 rg BT 461.28 483.40 Td (be ) Tj ET Q q 0 0 0 rg BT 475.91 483.40 Td (comparable ) Tj ET Q q 0 0 0 rg BT 531.66 483.40 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 471.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 118.00 471.40 Td (used ) Tj ET Q q 0 0 0 rg BT 141.78 471.40 Td (by ) Tj ET Q q 0 0 0 rg BT 154.44 471.40 Td (other ) Tj ET Q q 0 0 0 rg BT 179.32 471.40 Td (companies. ) Tj ET Q q 0 0 0 rg BT 232.42 471.40 Td (These ) Tj ET Q q 0 0 0 rg BT 262.31 471.40 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 308.86 471.40 Td (measures ) Tj ET Q q 0 0 0 rg BT 354.86 471.40 Td (provide ) Tj ET Q q 0 0 0 rg BT 389.75 471.40 Td (readers ) Tj ET Q q 0 0 0 rg BT 425.75 471.40 Td (with ) Tj ET Q q 0 0 0 rg BT 445.63 471.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 490.54 471.40 Td (information ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 459.40 Td (regarding ) Tj ET Q q 0 0 0 rg BT 115.71 459.40 Td (the ) Tj ET Q q 0 0 0 rg BT 131.07 459.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 182.24 459.40 Td (ability ) Tj ET Q q 0 0 0 rg BT 209.27 459.40 Td (to ) Tj ET Q q 0 0 0 rg BT 219.07 459.40 Td (generate ) Tj ET Q q 0 0 0 rg BT 260.01 459.40 Td (funds ) Tj ET Q q 0 0 0 rg BT 285.93 459.40 Td (to ) Tj ET Q q 0 0 0 rg BT 295.73 459.40 Td (finance ) Tj ET Q q 0 0 0 rg BT 329.44 459.40 Td (its ) Tj ET Q q 0 0 0 rg BT 340.90 459.40 Td (operations, ) Tj ET Q q 0 0 0 rg BT 391.84 459.40 Td (fund ) Tj ET Q q 0 0 0 rg BT 412.76 459.40 Td (its ) Tj ET Q q 0 0 0 rg BT 424.22 459.40 Td (research ) Tj ET Q q 0 0 0 rg BT 464.59 459.40 Td (and ) Tj ET Q q 0 0 0 rg BT 482.74 459.40 Td (development ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 447.40 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 447.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 123.15 447.40 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 178.19 447.40 Td (program, ) Tj ET Q q 0 0 0 rg BT 220.98 447.40 Td (and ) Tj ET Q q 0 0 0 rg BT 240.44 447.40 Td (pay ) Tj ET Q q 0 0 0 rg BT 259.34 447.40 Td (dividends.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 427.00 Td (Revenue per EDR day) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 409.00 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 115.10 409.00 Td (per ) Tj ET Q q 0 0 0 rg BT 132.62 409.00 Td (EDR ) Tj ET Q q 0 0 0 rg BT 156.81 409.00 Td (day ) Tj ET Q q 0 0 0 rg BT 176.00 409.00 Td (is ) Tj ET Q q 0 0 0 rg BT 186.29 409.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 222.17 409.00 Td (as ) Tj ET Q q 0 0 0 rg BT 235.80 409.00 Td (the ) Tj ET Q q 0 0 0 rg BT 252.77 409.00 Td (daily ) Tj ET Q q 0 0 0 rg BT 276.41 409.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 315.61 409.00 Td (generated ) Tj ET Q q 0 0 0 rg BT 363.72 409.00 Td (from ) Tj ET Q q 0 0 0 rg BT 386.79 409.00 Td (all ) Tj ET Q q 0 0 0 rg BT 399.87 409.00 Td (products ) Tj ET Q q 0 0 0 rg BT 441.29 409.00 Td (that ) Tj ET Q q 0 0 0 rg BT 461.04 409.00 Td (the ) Tj ET Q q 0 0 0 rg BT 478.01 409.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.88 409.00 Td (has ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 397.00 Td (on ) Tj ET Q q 0 0 0 rg BT 85.72 397.00 Td (rent ) Tj ET Q q 0 0 0 rg BT 105.54 397.00 Td (on ) Tj ET Q q 0 0 0 rg BT 119.25 397.00 Td (a ) Tj ET Q q 0 0 0 rg BT 127.41 397.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 158.90 397.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 172.61 397.00 Td (that ) Tj ET Q q 0 0 0 rg BT 191.88 397.00 Td (has ) Tj ET Q q 0 0 0 rg BT 210.59 397.00 Td (the ) Tj ET Q q 0 0 0 rg BT 227.09 397.00 Td (Company) Tj ET Q q 0 0 0 rg BT 271.93 397.00 Td (s ) Tj ET Q q 0 0 0 rg BT 279.52 397.00 Td (base ) Tj ET Q q 0 0 0 rg BT 303.80 397.00 Td (EDR ) Tj ET Q q 0 0 0 rg BT 327.50 397.00 Td (installed. ) Tj ET Q q 0 0 0 rg BT 369.39 397.00 Td (This ) Tj ET Q q 0 0 0 rg BT 390.88 397.00 Td (metric ) Tj ET Q q 0 0 0 rg BT 420.69 397.00 Td (provides ) Tj ET Q q 0 0 0 rg BT 461.08 397.00 Td (a ) Tj ET Q q 0 0 0 rg BT 469.24 397.00 Td (key ) Tj ET Q q 0 0 0 rg BT 487.39 397.00 Td (measure ) Tj ET Q q 0 0 0 rg BT 528.89 397.00 Td (on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 385.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 385.00 Td (Company) Tj ET Q q 0 0 0 rg BT 133.52 385.00 Td (s ) Tj ET Q q 0 0 0 rg BT 141.30 385.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 169.64 385.00 Td (to ) Tj ET Q q 0 0 0 rg BT 180.76 385.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 221.34 385.00 Td (production ) Tj ET Q q 0 0 0 rg BT 270.81 385.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 311.96 385.00 Td (and ) Tj ET Q q 0 0 0 rg BT 331.42 385.00 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 372.01 385.00 Td (product ) Tj ET Q q 0 0 0 rg BT 408.14 385.00 Td (pricing.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 364.60 Td (EBITDA) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 346.60 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 107.57 346.60 Td ( ) Tj ET Q q 0 0 0 rg BT 112.73 346.60 Td ( ) Tj ET Q q 0 0 0 rg BT 117.88 346.60 Td (is ) Tj ET Q q 0 0 0 rg BT 130.26 346.60 Td (defined ) Tj ET Q q 0 0 0 rg BT 168.23 346.60 Td (as ) Tj ET Q q 0 0 0 rg BT 183.95 346.60 Td (net ) Tj ET Q q 0 0 0 rg BT 203.01 346.60 Td (income ) Tj ET Q q 0 0 0 rg BT 240.41 346.60 Td (before ) Tj ET Q q 0 0 0 rg BT 273.92 346.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 311.87 346.60 Td (income ) Tj ET Q q 0 0 0 rg BT 349.27 346.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.11 346.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 416.85 346.60 Td (income ) Tj ET Q q 0 0 0 rg BT 454.25 346.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 486.09 346.60 Td (stock-based ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 334.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 137.04 334.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 180.40 334.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 237.66 334.60 Td (and ) Tj ET Q q 0 0 0 rg BT 257.13 334.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 314.37 334.60 Td (expense, ) Tj ET Q q 0 0 0 rg BT 357.74 334.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.20 334.60 Td (gains ) Tj ET Q q 0 0 0 rg BT 403.88 334.60 Td (on ) Tj ET Q q 0 0 0 rg BT 417.79 334.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 457.25 334.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.37 334.60 Td (investments.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 314.20 Td (Adjusted EBITDA) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 296.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 113.79 296.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 149.35 296.20 Td ( ) Tj ET Q q 0 0 0 rg BT 152.22 296.20 Td (is ) Tj ET Q q 0 0 0 rg BT 162.31 296.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 197.99 296.20 Td (as ) Tj ET Q q 0 0 0 rg BT 211.42 296.20 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 253.18 296.20 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 293.86 296.20 Td (for ) Tj ET Q q 0 0 0 rg BT 308.40 296.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 341.85 296.20 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 390.86 296.20 Td (impairment ) Tj ET Q q 0 0 0 rg BT 443.19 296.20 Td (of ) Tj ET Q q 0 0 0 rg BT 454.40 296.20 Td (property) Tj ET Q q 0 0 0 rg BT 490.34 296.20 Td (, ) Tj ET Q q 0 0 0 rg BT 495.99 296.20 Td (plant, ) Tj ET Q q 0 0 0 rg BT 523.32 296.20 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 284.20 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 124.81 284.20 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 183.72 284.20 Td (costs, ) Tj ET Q q 0 0 0 rg BT 213.17 284.20 Td (net ) Tj ET Q q 0 0 0 rg BT 230.41 284.20 Td (monetary ) Tj ET Q q 0 0 0 rg BT 275.42 284.20 Td (adjustments, ) Tj ET Q q 0 0 0 rg BT 335.45 284.20 Td (and ) Tj ET Q q 0 0 0 rg BT 355.47 284.20 Td (other ) Tj ET Q q 0 0 0 rg BT 381.59 284.20 Td (items ) Tj ET Q q 0 0 0 rg BT 408.82 284.20 Td (which ) Tj ET Q q 0 0 0 rg BT 437.72 284.20 Td (the ) Tj ET Q q 0 0 0 rg BT 454.95 284.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.08 284.20 Td (does ) Tj ET Q q 0 0 0 rg BT 526.10 284.20 Td (not ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 272.20 Td (consider ) Tj ET Q q 0 0 0 rg BT 112.58 272.20 Td (to ) Tj ET Q q 0 0 0 rg BT 123.69 272.20 Td (be ) Tj ET Q q 0 0 0 rg BT 137.60 272.20 Td (in ) Tj ET Q q 0 0 0 rg BT 148.16 272.20 Td (the ) Tj ET Q q 0 0 0 rg BT 164.84 272.20 Td (normal ) Tj ET Q q 0 0 0 rg BT 198.18 272.20 Td (course ) Tj ET Q q 0 0 0 rg BT 230.97 272.20 Td (of ) Tj ET Q q 0 0 0 rg BT 242.09 272.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 290.46 272.20 Td (operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 254.20 Td (Management ) Tj ET Q q 0 0 0 rg BT 132.15 254.20 Td (believes ) Tj ET Q q 0 0 0 rg BT 170.61 254.20 Td (that ) Tj ET Q q 0 0 0 rg BT 189.07 254.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 224.64 254.20 Td ( ) Tj ET Q q 0 0 0 rg BT 226.41 254.20 Td (and ) Tj ET Q q 0 0 0 rg BT 244.52 254.20 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 285.22 254.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 320.78 254.20 Td ( ) Tj ET Q q 0 0 0 rg BT 322.56 254.20 Td (are ) Tj ET Q q 0 0 0 rg BT 338.79 254.20 Td (useful ) Tj ET Q q 0 0 0 rg BT 367.25 254.20 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 428.51 254.20 Td (measures ) Tj ET Q q 0 0 0 rg BT 474.20 254.20 Td (as ) Tj ET Q q 0 0 0 rg BT 486.53 254.20 Td (they ) Tj ET Q q 0 0 0 rg BT 507.21 254.20 Td (provide ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 242.20 Td (an ) Tj ET Q q 0 0 0 rg BT 84.92 242.20 Td (indication ) Tj ET Q q 0 0 0 rg BT 128.97 242.20 Td (of ) Tj ET Q q 0 0 0 rg BT 139.10 242.20 Td (the ) Tj ET Q q 0 0 0 rg BT 154.80 242.20 Td (results ) Tj ET Q q 0 0 0 rg BT 186.05 242.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 232.88 242.20 Td (by ) Tj ET Q q 0 0 0 rg BT 245.24 242.20 Td (the ) Tj ET Q q 0 0 0 rg BT 260.94 242.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 312.44 242.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 351.48 242.20 Td (business ) Tj ET Q q 0 0 0 rg BT 392.74 242.20 Td (activities ) Tj ET Q q 0 0 0 rg BT 432.88 242.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 454.68 242.20 Td (to ) Tj ET Q q 0 0 0 rg BT 464.82 242.20 Td (the ) Tj ET Q q 0 0 0 rg BT 480.52 242.20 Td (consideration ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 230.20 Td (of ) Tj ET Q q 0 0 0 rg BT 83.46 230.20 Td (how ) Tj ET Q q 0 0 0 rg BT 104.93 230.20 Td (these ) Tj ET Q q 0 0 0 rg BT 132.52 230.20 Td (results ) Tj ET Q q 0 0 0 rg BT 165.10 230.20 Td (are ) Tj ET Q q 0 0 0 rg BT 182.67 230.20 Td (taxed ) Tj ET Q q 0 0 0 rg BT 210.26 230.20 Td (in ) Tj ET Q q 0 0 0 rg BT 221.17 230.20 Td (multiple ) Tj ET Q q 0 0 0 rg BT 258.75 230.20 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 316.89 230.20 Td (how ) Tj ET Q q 0 0 0 rg BT 338.36 230.20 Td (the ) Tj ET Q q 0 0 0 rg BT 355.39 230.20 Td (results ) Tj ET Q q 0 0 0 rg BT 387.96 230.20 Td (are ) Tj ET Q q 0 0 0 rg BT 405.54 230.20 Td (impacted ) Tj ET Q q 0 0 0 rg BT 449.24 230.20 Td (by ) Tj ET Q q 0 0 0 rg BT 462.93 230.20 Td (foreign ) Tj ET Q q 0 0 0 rg BT 496.63 230.20 Td (exchange ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 218.20 Td (or ) Tj ET Q q 0 0 0 rg BT 82.94 218.20 Td (how ) Tj ET Q q 0 0 0 rg BT 103.33 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 119.27 218.20 Td (results ) Tj ET Q q 0 0 0 rg BT 150.77 218.20 Td (are ) Tj ET Q q 0 0 0 rg BT 167.27 218.20 Td (impacted ) Tj ET Q q 0 0 0 rg BT 209.89 218.20 Td (by ) Tj ET Q q 0 0 0 rg BT 222.49 218.20 Td (the ) Tj ET Q q 0 0 0 rg BT 238.44 218.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 290.19 218.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 340.60 218.20 Td (policies ) Tj ET Q q 0 0 0 rg BT 376.00 218.20 Td (for ) Tj ET Q q 0 0 0 rg BT 389.71 218.20 Td (equity-based ) Tj ET Q q 0 0 0 rg BT 449.02 218.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 513.32 218.20 Td (plans.) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 197.80 Td (Free cash flow) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 179.80 Td (Free ) Tj ET Q q 0 0 0 rg BT 94.99 179.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 118.54 179.80 Td (flow ) Tj ET Q q 0 0 0 rg BT 138.75 179.80 Td (is ) Tj ET Q q 0 0 0 rg BT 148.40 179.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 183.64 179.80 Td (as ) Tj ET Q q 0 0 0 rg BT 196.63 179.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 220.18 179.80 Td (from ) Tj ET Q q 0 0 0 rg BT 242.61 179.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.73 179.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 327.51 179.80 Td (plus ) Tj ET Q q 0 0 0 rg BT 348.28 179.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 391.85 179.80 Td (on ) Tj ET Q q 0 0 0 rg BT 405.40 179.80 Td (disposal ) Tj ET Q q 0 0 0 rg BT 444.52 179.80 Td (of ) Tj ET Q q 0 0 0 rg BT 455.28 179.80 Td (property) Tj ET Q q 0 0 0 rg BT 491.23 179.80 Td (, ) Tj ET Q q 0 0 0 rg BT 496.43 179.80 Td (plant, ) Tj ET Q q 0 0 0 rg BT 523.32 179.80 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 167.80 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 123.70 167.80 Td (less ) Tj ET Q q 0 0 0 rg BT 143.70 167.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 174.82 167.80 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 234.30 167.80 Td (\(including ) Tj ET Q q 0 0 0 rg BT 279.33 167.80 Td (changes ) Tj ET Q q 0 0 0 rg BT 319.35 167.80 Td (to ) Tj ET Q q 0 0 0 rg BT 329.91 167.80 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 373.27 167.80 Td (working ) Tj ET Q q 0 0 0 rg BT 409.95 167.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 441.07 167.80 Td (associated ) Tj ET Q q 0 0 0 rg BT 491.10 167.80 Td (with ) Tj ET Q q 0 0 0 rg BT 511.10 167.80 Td (capital ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 155.80 Td (expenditures\), ) Tj ET Q q 0 0 0 rg BT 139.13 155.80 Td (and ) Tj ET Q q 0 0 0 rg BT 159.58 155.80 Td (deferred ) Tj ET Q q 0 0 0 rg BT 200.58 155.80 Td (development ) Tj ET Q q 0 0 0 rg BT 261.61 155.80 Td (costs. ) Tj ET Q q 0 0 0 rg BT 291.24 155.80 Td (This ) Tj ET Q q 0 0 0 rg BT 313.90 155.80 Td (metric ) Tj ET Q q 0 0 0 rg BT 344.88 155.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 386.44 155.80 Td (a ) Tj ET Q q 0 0 0 rg BT 395.76 155.80 Td (key ) Tj ET Q q 0 0 0 rg BT 415.09 155.80 Td (measure ) Tj ET Q q 0 0 0 rg BT 457.75 155.80 Td (on ) Tj ET Q q 0 0 0 rg BT 472.64 155.80 Td (the ) Tj ET Q q 0 0 0 rg BT 490.30 155.80 Td (Company's ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 143.80 Td (ability ) Tj ET Q q 0 0 0 rg BT 100.46 143.80 Td (to ) Tj ET Q q 0 0 0 rg BT 111.70 143.80 Td (generate ) Tj ET Q q 0 0 0 rg BT 154.07 143.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 178.09 143.80 Td (from ) Tj ET Q q 0 0 0 rg BT 200.99 143.80 Td (its ) Tj ET Q q 0 0 0 rg BT 213.89 143.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 254.02 143.80 Td (business ) Tj ET Q q 0 0 0 rg BT 296.39 143.80 Td (activities ) Tj ET Q q 0 0 0 rg BT 337.63 143.80 Td (after ) Tj ET Q q 0 0 0 rg BT 360.54 143.80 Td (funding ) Tj ET Q q 0 0 0 rg BT 396.24 143.80 Td (the ) Tj ET Q q 0 0 0 rg BT 413.04 143.80 Td (capital ) Tj ET Q q 0 0 0 rg BT 444.84 143.80 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 500.00 143.80 Td (program, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 131.80 Td (and ) Tj ET Q q 0 0 0 rg BT 91.72 131.80 Td (provides ) Tj ET Q q 0 0 0 rg BT 132.56 131.80 Td (an ) Tj ET Q q 0 0 0 rg BT 146.72 131.80 Td (indication ) Tj ET Q q 0 0 0 rg BT 192.01 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 203.38 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 220.32 131.80 Td (amount ) Tj ET Q q 0 0 0 rg BT 256.72 131.80 Td (of ) Tj ET Q q 0 0 0 rg BT 268.09 131.80 Td (cash ) Tj ET Q q 0 0 0 rg BT 292.25 131.80 Td (available ) Tj ET Q q 0 0 0 rg BT 334.76 131.80 Td (to ) Tj ET Q q 0 0 0 rg BT 346.14 131.80 Td (finance, ) Tj ET Q q 0 0 0 rg BT 384.20 131.80 Td (among ) Tj ET Q q 0 0 0 rg BT 417.82 131.80 Td (other ) Tj ET Q q 0 0 0 rg BT 443.65 131.80 Td (items, ) Tj ET Q q 0 0 0 rg BT 473.35 131.80 Td (the ) Tj ET Q q 0 0 0 rg BT 490.29 131.80 Td (Company's ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 119.80 Td (dividend ) Tj ET Q q 0 0 0 rg BT 112.03 119.80 Td (and ) Tj ET Q q 0 0 0 rg BT 131.49 119.80 Td (other ) Tj ET Q q 0 0 0 rg BT 157.06 119.80 Td (investment ) Tj ET Q q 0 0 0 rg BT 208.20 119.80 Td (opportunities.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (7 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Overall Performance) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 691.9 m 350.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 671.9 m 350.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 691.9 m 415.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 671.9 m 415.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 691.9 m 480.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 671.9 m 480.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 691.9 m 540.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 671.9 m 540.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 671.9 m 350.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 587.9 m 350.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 575.9 m 350.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 587.9 m 415.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 575.9 m 415.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 587.9 m 480.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 575.9 m 480.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 587.9 m 540.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 575.9 m 540.5 575.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 676.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 676.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.20 676.13 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 508.95 676.13 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 75.00 664.10 Td (\(000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.40 663.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 468.40 663.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 526.10 663.90 Td (\(%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 651.58 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 639.58 Td (Drilling Data) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 639.63 Td (38,671) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 639.63 Td (43,253) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 639.63 Td (\(1) Tj ET Q q 0 0 0 rg BT 532.81 639.63 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 639.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 627.58 Td (Mud Management and Safety) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 627.63 Td (21,397) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 627.63 Td (23,674) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 627.63 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 627.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 615.58 Td (Communications) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 615.63 Td (5,078) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 615.63 Td (5,957) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 615.63 Td (\(15) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 615.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 603.58 Td (Drilling Intelligence) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 603.63 Td (5,395) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 603.63 Td (5,973) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 603.63 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 603.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 591.58 Td (Analytics and Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 591.63 Td (3,421) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 591.63 Td (3,286) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 532.85 591.63 Td (4) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 579.58 Td (T) Tj ET Q q 0 0 0 rg BT 79.29 579.58 Td (otal revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 579.63 Td (73,962) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 579.63 Td (82,143) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 579.63 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 579.58 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 558.40 Td (The ) Tj ET Q q 0 0 0 rg BT 91.88 558.40 Td (Pason ) Tj ET Q q 0 0 0 rg BT 122.88 558.40 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 169.44 558.40 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 202.65 558.40 Td (Recorder ) Tj ET Q q 0 0 0 rg BT 246.43 558.40 Td (\(EDR\) ) Tj ET Q q 0 0 0 rg BT 276.85 558.40 Td (remains ) Tj ET Q q 0 0 0 rg BT 315.07 558.40 Td (the ) Tj ET Q q 0 0 0 rg BT 331.62 558.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 383.97 558.40 Td (primary ) Tj ET Q q 0 0 0 rg BT 419.96 558.40 Td (product. ) Tj ET Q q 0 0 0 rg BT 458.57 558.40 Td (The ) Tj ET Q q 0 0 0 rg BT 478.45 558.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 502.21 558.40 Td (provides ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 546.40 Td (a ) Tj ET Q q 0 0 0 rg BT 80.42 546.40 Td (complete ) Tj ET Q q 0 0 0 rg BT 123.85 546.40 Td (system ) Tj ET Q q 0 0 0 rg BT 158.37 546.40 Td (of ) Tj ET Q q 0 0 0 rg BT 169.57 546.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 201.33 546.40 Td (data ) Tj ET Q q 0 0 0 rg BT 223.64 546.40 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 276.53 546.40 Td (data ) Tj ET Q q 0 0 0 rg BT 298.85 546.40 Td (networking, ) Tj ET Q q 0 0 0 rg BT 352.84 546.40 Td (and ) Tj ET Q q 0 0 0 rg BT 372.38 546.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 404.14 546.40 Td (management ) Tj ET Q q 0 0 0 rg BT 465.36 546.40 Td (tools ) Tj ET Q q 0 0 0 rg BT 489.34 546.40 Td (and ) Tj ET Q q 0 0 0 rg BT 508.88 546.40 Td (reports ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 534.40 Td (at ) Tj ET Q q 0 0 0 rg BT 84.25 534.40 Td (both ) Tj ET Q q 0 0 0 rg BT 107.63 534.40 Td (the ) Tj ET Q q 0 0 0 rg BT 125.45 534.40 Td (wellsite ) Tj ET Q q 0 0 0 rg BT 162.15 534.40 Td (and ) Tj ET Q q 0 0 0 rg BT 182.75 534.40 Td (at ) Tj ET Q q 0 0 0 rg BT 195.01 534.40 Td (customer ) Tj ET Q q 0 0 0 rg BT 240.04 534.40 Td (of) Tj ET Q q 0 0 0 rg BT 248.20 534.40 Td (fices. ) Tj ET Q q 0 0 0 rg BT 275.20 534.40 Td (The ) Tj ET Q q 0 0 0 rg BT 296.35 534.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 321.38 534.40 Td (is ) Tj ET Q q 0 0 0 rg BT 332.52 534.40 Td (the ) Tj ET Q q 0 0 0 rg BT 350.33 534.40 Td (base ) Tj ET Q q 0 0 0 rg BT 375.93 534.40 Td (product ) Tj ET Q q 0 0 0 rg BT 413.20 534.40 Td (from ) Tj ET Q q 0 0 0 rg BT 437.12 534.40 Td (which ) Tj ET Q q 0 0 0 rg BT 466.60 534.40 Td (all ) Tj ET Q q 0 0 0 rg BT 480.52 534.40 Td (other ) Tj ET Q q 0 0 0 rg BT 507.23 534.40 Td (wellsite ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 522.40 Td (instrumentation ) Tj ET Q q 0 0 0 rg BT 143.14 522.40 Td (products ) Tj ET Q q 0 0 0 rg BT 184.27 522.40 Td (are ) Tj ET Q q 0 0 0 rg BT 201.50 522.40 Td (linked. ) Tj ET Q q 0 0 0 rg BT 233.18 522.40 Td (By ) Tj ET Q q 0 0 0 rg BT 247.63 522.40 Td (linking ) Tj ET Q q 0 0 0 rg BT 278.75 522.40 Td (these ) Tj ET Q q 0 0 0 rg BT 305.99 522.40 Td (products, ) Tj ET Q q 0 0 0 rg BT 349.90 522.40 Td (a ) Tj ET Q q 0 0 0 rg BT 358.24 522.40 Td (number ) Tj ET Q q 0 0 0 rg BT 394.92 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 406.04 522.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 451.61 522.40 Td (redundant ) Tj ET Q q 0 0 0 rg BT 499.42 522.40 Td (elements ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 510.40 Td (such ) Tj ET Q q 0 0 0 rg BT 96.49 510.40 Td (as ) Tj ET Q q 0 0 0 rg BT 110.41 510.40 Td (data ) Tj ET Q q 0 0 0 rg BT 133.24 510.40 Td (processing, ) Tj ET Q q 0 0 0 rg BT 187.74 510.40 Td (display) Tj ET Q q 0 0 0 rg BT 218.13 510.40 Td (, ) Tj ET Q q 0 0 0 rg BT 224.27 510.40 Td (storage, ) Tj ET Q q 0 0 0 rg BT 263.77 510.40 Td (and ) Tj ET Q q 0 0 0 rg BT 283.82 510.40 Td (networking ) Tj ET Q q 0 0 0 rg BT 335.54 510.40 Td (are ) Tj ET Q q 0 0 0 rg BT 353.36 510.40 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 404.86 510.40 Td (This ) Tj ET Q q 0 0 0 rg BT 427.12 510.40 Td (ensures ) Tj ET Q q 0 0 0 rg BT 466.06 510.40 Td (greater ) Tj ET Q q 0 0 0 rg BT 501.11 510.40 Td (reliability ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 498.40 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 498.40 Td (a ) Tj ET Q q 0 0 0 rg BT 99.80 498.40 Td (more ) Tj ET Q q 0 0 0 rg BT 125.36 498.40 Td (robust ) Tj ET Q q 0 0 0 rg BT 155.94 498.40 Td (system ) Tj ET Q q 0 0 0 rg BT 190.38 498.40 Td (of ) Tj ET Q q 0 0 0 rg BT 201.50 498.40 Td (instrumentation ) Tj ET Q q 0 0 0 rg BT 272.65 498.40 Td (for ) Tj ET Q q 0 0 0 rg BT 287.10 498.40 Td (the ) Tj ET Q q 0 0 0 rg BT 303.78 498.40 Td (customer) Tj ET Q q 0 0 0 rg BT 344.35 498.40 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 477.40 Td (For ) Tj ET Q q 0 0 0 rg BT 89.44 477.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.79 477.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 121.90 477.40 Td ( ) Tj ET Q q 0 0 0 rg BT 124.34 477.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 158.47 477.40 Td (of ) Tj ET Q q 0 0 0 rg BT 169.26 477.40 Td (2020, ) Tj ET Q q 0 0 0 rg BT 196.73 477.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 234.19 477.40 Td (activity ) Tj ET Q q 0 0 0 rg BT 267.19 477.40 Td (in ) Tj ET Q q 0 0 0 rg BT 277.42 477.40 Td (the ) Tj ET Q q 0 0 0 rg BT 293.77 477.40 Td (US ) Tj ET Q q 0 0 0 rg BT 310.10 477.40 Td (market ) Tj ET Q q 0 0 0 rg BT 343.11 477.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 392.25 477.40 Td (by ) Tj ET Q q 0 0 0 rg BT 405.26 477.40 Td (25% ) Tj ET Q q 0 0 0 rg BT 427.72 477.40 Td (in ) Tj ET Q q 0 0 0 rg BT 437.95 477.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 454.29 477.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 470.40 477.40 Td ( ) Tj ET Q q 0 0 0 rg BT 472.85 477.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 506.98 477.40 Td (of ) Tj ET Q q 0 0 0 rg BT 517.76 477.40 Td (2020 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 465.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 118.34 465.40 Td (to ) Tj ET Q q 0 0 0 rg BT 128.54 465.40 Td (the ) Tj ET Q q 0 0 0 rg BT 144.31 465.40 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 209.56 465.40 Td (period ) Tj ET Q q 0 0 0 rg BT 239.22 465.40 Td (in ) Tj ET Q q 0 0 0 rg BT 248.87 465.40 Td (2019. ) Tj ET Q q 0 0 0 rg BT 275.77 465.40 Td ( ) Tj ET Q q 0 0 0 rg BT 277.51 465.40 Td (The ) Tj ET Q q 0 0 0 rg BT 296.61 465.40 Td (US ) Tj ET Q q 0 0 0 rg BT 312.37 465.40 Td (business ) Tj ET Q q 0 0 0 rg BT 353.71 465.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 371.70 465.40 Td (experienced ) Tj ET Q q 0 0 0 rg BT 428.05 465.40 Td (a ) Tj ET Q q 0 0 0 rg BT 435.48 465.40 Td (decline ) Tj ET Q q 0 0 0 rg BT 469.04 465.40 Td (in ) Tj ET Q q 0 0 0 rg BT 478.69 465.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 509.46 465.40 Td (activity ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 453.40 Td (as ) Tj ET Q q 0 0 0 rg BT 84.68 453.40 Td (producers ) Tj ET Q q 0 0 0 rg BT 131.26 453.40 Td (reduced ) Tj ET Q q 0 0 0 rg BT 169.52 453.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 200.54 453.40 Td (spending. ) Tj ET Q q 0 0 0 rg BT 246.02 453.40 Td (For ) Tj ET Q q 0 0 0 rg BT 263.14 453.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.16 453.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 295.27 453.40 Td ( ) Tj ET Q q 0 0 0 rg BT 297.38 453.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 331.18 453.40 Td (of ) Tj ET Q q 0 0 0 rg BT 341.64 453.40 Td (2020, ) Tj ET Q q 0 0 0 rg BT 368.78 453.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 405.91 453.40 Td (activity ) Tj ET Q q 0 0 0 rg BT 438.59 453.40 Td (in ) Tj ET Q q 0 0 0 rg BT 448.49 453.40 Td (the ) Tj ET Q q 0 0 0 rg BT 464.50 453.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 509.43 453.40 Td (market ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 441.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 118.14 441.40 Td (by ) Tj ET Q q 0 0 0 rg BT 131.48 441.40 Td (7% ) Tj ET Q q 0 0 0 rg BT 148.71 441.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 195.96 441.40 Td (to ) Tj ET Q q 0 0 0 rg BT 207.07 441.40 Td (the ) Tj ET Q q 0 0 0 rg BT 223.75 441.40 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 289.91 441.40 Td (period ) Tj ET Q q 0 0 0 rg BT 320.48 441.40 Td (in ) Tj ET Q q 0 0 0 rg BT 331.04 441.40 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 423.40 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 423.40 Td (otal ) Tj ET Q q 0 0 0 rg BT 95.80 423.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 134.61 423.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 183.99 423.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 197.23 423.40 Td (10%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 217.24 423.40 Td ( ) Tj ET Q q 0 0 0 rg BT 219.92 423.40 Td (in ) Tj ET Q q 0 0 0 rg BT 230.38 423.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 246.96 423.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 263.07 423.40 Td ( ) Tj ET Q q 0 0 0 rg BT 265.74 423.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 300.10 423.40 Td (of ) Tj ET Q q 0 0 0 rg BT 311.12 423.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 336.04 423.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 383.19 423.40 Td (to ) Tj ET Q q 0 0 0 rg BT 394.21 423.40 Td (the ) Tj ET Q q 0 0 0 rg BT 410.78 423.40 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 476.83 423.40 Td (period ) Tj ET Q q 0 0 0 rg BT 507.31 423.40 Td (in ) Tj ET Q q 0 0 0 rg BT 517.77 423.40 Td (2019 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 411.40 Td (as ) Tj ET Q q 0 0 0 rg BT 85.34 411.40 Td (a ) Tj ET Q q 0 0 0 rg BT 93.68 411.40 Td (result ) Tj ET Q q 0 0 0 rg BT 120.91 411.40 Td (of ) Tj ET Q q 0 0 0 rg BT 132.03 411.40 Td (a ) Tj ET Q q 0 0 0 rg BT 140.37 411.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 184.29 411.40 Td (in ) Tj ET Q q 0 0 0 rg BT 194.85 411.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 226.53 411.40 Td (activity ) Tj ET Q q 0 0 0 rg BT 259.87 411.40 Td (in ) Tj ET Q q 0 0 0 rg BT 270.43 411.40 Td (the ) Tj ET Q q 0 0 0 rg BT 287.11 411.40 Td (US ) Tj ET Q q 0 0 0 rg BT 303.78 411.40 Td (business ) Tj ET Q q 0 0 0 rg BT 346.02 411.40 Td (unit.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 393.40 Td (Analytics ) Tj ET Q q 0 0 0 rg BT 115.38 393.40 Td (and ) Tj ET Q q 0 0 0 rg BT 135.43 393.40 Td (other ) Tj ET Q q 0 0 0 rg BT 161.59 393.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 201.09 393.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 247.82 393.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 261.75 393.40 Td (4%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 276.20 393.40 Td ( ) Tj ET Q q 0 0 0 rg BT 279.56 393.40 Td (in ) Tj ET Q q 0 0 0 rg BT 290.71 393.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 307.98 393.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 324.09 393.40 Td ( ) Tj ET Q q 0 0 0 rg BT 327.45 393.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 362.50 393.40 Td (of ) Tj ET Q q 0 0 0 rg BT 374.21 393.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 399.82 393.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 447.66 393.40 Td (to ) Tj ET Q q 0 0 0 rg BT 459.36 393.40 Td (the ) Tj ET Q q 0 0 0 rg BT 476.63 393.40 Td (corresponding ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 381.40 Td (period ) Tj ET Q q 0 0 0 rg BT 102.44 381.40 Td (in ) Tj ET Q q 0 0 0 rg BT 112.88 381.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 137.77 381.40 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 203.23 381.40 Td (as ) Tj ET Q q 0 0 0 rg BT 216.44 381.40 Td (a ) Tj ET Q q 0 0 0 rg BT 224.64 381.40 Td (result ) Tj ET Q q 0 0 0 rg BT 251.74 381.40 Td (of ) Tj ET Q q 0 0 0 rg BT 262.73 381.40 Td (the ) Tj ET Q q 0 0 0 rg BT 279.28 381.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 318.06 381.40 Td (generated ) Tj ET Q q 0 0 0 rg BT 365.75 381.40 Td (from ) Tj ET Q q 0 0 0 rg BT 388.40 381.40 Td (the ) Tj ET Q q 0 0 0 rg BT 404.95 381.40 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 454.84 381.40 Td (of ) Tj ET Q q 0 0 0 rg BT 465.83 381.40 Td (Energy ) Tj ET Q q 0 0 0 rg BT 499.99 381.40 Td (T) Tj ET Q q 0 0 0 rg BT 504.99 381.40 Td (oolbase ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 369.40 Td (Software ) Tj ET Q q 0 0 0 rg BT 114.24 369.40 Td (Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 351.40 Td (US ) Tj ET Q q 0 0 0 rg BT 88.33 351.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 111.88 351.40 Td (days ) Tj ET Q q 0 0 0 rg BT 135.44 351.40 Td (decreased ) Tj ET Q q 0 0 0 rg BT 184.57 351.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 197.57 351.40 Td (22%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 217.59 351.40 Td ( ) Tj ET Q q 0 0 0 rg BT 220.02 351.40 Td (in ) Tj ET Q q 0 0 0 rg BT 230.24 351.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 246.58 351.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 262.69 351.40 Td ( ) Tj ET Q q 0 0 0 rg BT 265.13 351.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 299.25 351.40 Td (of ) Tj ET Q q 0 0 0 rg BT 310.02 351.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 334.71 351.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 381.61 351.40 Td (to ) Tj ET Q q 0 0 0 rg BT 392.39 351.40 Td (the ) Tj ET Q q 0 0 0 rg BT 408.72 351.40 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 474.53 351.40 Td (period ) Tj ET Q q 0 0 0 rg BT 504.77 351.40 Td (in ) Tj ET Q q 0 0 0 rg BT 514.99 351.40 Td (2019, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 339.40 Td (while ) Tj ET Q q 0 0 0 rg BT 98.18 339.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 144.38 339.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 168.88 339.40 Td (days, ) Tj ET Q q 0 0 0 rg BT 196.18 339.40 Td (which ) Tj ET Q q 0 0 0 rg BT 225.13 339.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 265.21 339.40 Td (non-oil ) Tj ET Q q 0 0 0 rg BT 298.62 339.40 Td (and ) Tj ET Q q 0 0 0 rg BT 318.70 339.40 Td (gas-related ) Tj ET Q q 0 0 0 rg BT 372.12 339.40 Td (activity) Tj ET Q q 0 0 0 rg BT 401.94 339.40 Td (, ) Tj ET Q q 0 0 0 rg BT 408.10 339.40 Td (remained ) Tj ET Q q 0 0 0 rg BT 453.18 339.40 Td (constant ) Tj ET Q q 0 0 0 rg BT 494.38 339.40 Td (from ) Tj ET Q q 0 0 0 rg BT 517.77 339.40 Td (2019 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 327.40 Td (levels.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 309.40 Td (In ) Tj ET Q q 0 0 0 rg BT 82.18 309.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 97.93 309.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 114.03 309.40 Td ( ) Tj ET Q q 0 0 0 rg BT 115.88 309.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 149.40 309.40 Td (of ) Tj ET Q q 0 0 0 rg BT 159.59 309.40 Td (2020, ) Tj ET Q q 0 0 0 rg BT 186.45 309.40 Td (the ) Tj ET Q q 0 0 0 rg BT 202.20 309.40 Td (Pason ) Tj ET Q q 0 0 0 rg BT 232.39 309.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 255.35 309.40 Td (was ) Tj ET Q q 0 0 0 rg BT 274.97 309.40 Td (installed ) Tj ET Q q 0 0 0 rg BT 313.51 309.40 Td (on ) Tj ET Q q 0 0 0 rg BT 326.47 309.40 Td (64% ) Tj ET Q q 0 0 0 rg BT 348.33 309.40 Td (of ) Tj ET Q q 0 0 0 rg BT 358.51 309.40 Td (the ) Tj ET Q q 0 0 0 rg BT 374.25 309.40 Td (land ) Tj ET Q q 0 0 0 rg BT 395.00 309.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 412.96 309.40 Td (in ) Tj ET Q q 0 0 0 rg BT 422.58 309.40 Td (the ) Tj ET Q q 0 0 0 rg BT 438.33 309.40 Td (US ) Tj ET Q q 0 0 0 rg BT 454.06 309.40 Td (market, ) Tj ET Q q 0 0 0 rg BT 489.24 309.40 Td (an ) Tj ET Q q 0 0 0 rg BT 502.21 309.40 Td (increase ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 297.40 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 297.40 Td (300bps ) Tj ET Q q 0 0 0 rg BT 118.70 297.40 Td (over ) Tj ET Q q 0 0 0 rg BT 140.94 297.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.62 297.40 Td (same ) Tj ET Q q 0 0 0 rg BT 184.85 297.40 Td (period ) Tj ET Q q 0 0 0 rg BT 215.42 297.40 Td (in ) Tj ET Q q 0 0 0 rg BT 225.98 297.40 Td (2019. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 279.40 Td (In ) Tj ET Q q 0 0 0 rg BT 82.96 279.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 99.48 279.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 115.59 279.40 Td ( ) Tj ET Q q 0 0 0 rg BT 118.20 279.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 152.51 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 163.46 279.40 Td (2020, ) Tj ET Q q 0 0 0 rg BT 191.11 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 207.63 279.40 Td (Pason ) Tj ET Q q 0 0 0 rg BT 238.60 279.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 262.33 279.40 Td (was ) Tj ET Q q 0 0 0 rg BT 282.73 279.40 Td (installed ) Tj ET Q q 0 0 0 rg BT 322.04 279.40 Td (on ) Tj ET Q q 0 0 0 rg BT 335.78 279.40 Td (89% ) Tj ET Q q 0 0 0 rg BT 358.41 279.40 Td (of ) Tj ET Q q 0 0 0 rg BT 369.37 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 385.89 279.40 Td (land ) Tj ET Q q 0 0 0 rg BT 407.42 279.40 Td (rigs ) Tj ET Q q 0 0 0 rg BT 426.15 279.40 Td (in ) Tj ET Q q 0 0 0 rg BT 436.55 279.40 Td (the ) Tj ET Q q 0 0 0 rg BT 453.07 279.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 498.50 279.40 Td (market, ) Tj ET Q q 0 0 0 rg BT 534.46 279.40 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 267.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 116.99 267.40 Td (of ) Tj ET Q q 0 0 0 rg BT 129.18 267.40 Td (500bps ) Tj ET Q q 0 0 0 rg BT 165.84 267.40 Td (over ) Tj ET Q q 0 0 0 rg BT 189.15 267.40 Td (the ) Tj ET Q q 0 0 0 rg BT 206.90 267.40 Td (same ) Tj ET Q q 0 0 0 rg BT 235.21 267.40 Td (period ) Tj ET Q q 0 0 0 rg BT 266.86 267.40 Td (in ) Tj ET Q q 0 0 0 rg BT 278.49 267.40 Td (2019. ) Tj ET Q q 0 0 0 rg BT 307.37 267.40 Td (In ) Tj ET Q q 0 0 0 rg BT 319.56 267.40 Td (calculating ) Tj ET Q q 0 0 0 rg BT 370.67 267.40 Td (market ) Tj ET Q q 0 0 0 rg BT 405.08 267.40 Td (share, ) Tj ET Q q 0 0 0 rg BT 436.73 267.40 Td (the ) Tj ET Q q 0 0 0 rg BT 454.48 267.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.13 267.40 Td (uses ) Tj ET Q q 0 0 0 rg BT 526.11 267.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 255.40 Td (number ) Tj ET Q q 0 0 0 rg BT 108.68 255.40 Td (of ) Tj ET Q q 0 0 0 rg BT 119.80 255.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 143.69 255.40 Td (days ) Tj ET Q q 0 0 0 rg BT 167.60 255.40 Td (billed ) Tj ET Q q 0 0 0 rg BT 193.72 255.40 Td (and ) Tj ET Q q 0 0 0 rg BT 213.19 255.40 Td (oil ) Tj ET Q q 0 0 0 rg BT 225.97 255.40 Td (and ) Tj ET Q q 0 0 0 rg BT 245.43 255.40 Td (gas ) Tj ET Q q 0 0 0 rg BT 264.33 255.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 296.01 255.40 Td (days ) Tj ET Q q 0 0 0 rg BT 319.92 255.40 Td (as ) Tj ET Q q 0 0 0 rg BT 333.25 255.40 Td (reported ) Tj ET Q q 0 0 0 rg BT 373.28 255.40 Td (by ) Tj ET Q q 0 0 0 rg BT 386.62 255.40 Td (accepted ) Tj ET Q q 0 0 0 rg BT 429.98 255.40 Td (industry ) Tj ET Q q 0 0 0 rg BT 467.78 255.40 Td (sources.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (8 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 18.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.32941176470588235 0.37254901960784315 rg BT 72.00 706.90 Td (Discussion of Operations) Tj ET Q BT /F3 16.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 669.70 Td (United States Operations) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 653.2 m 350.5 653.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 633.2 m 350.5 633.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 653.2 m 415.5 653.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 633.2 m 415.5 633.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 653.2 m 480.5 653.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 633.2 m 480.5 633.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 653.2 m 540.5 653.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 633.2 m 540.5 633.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 633.2 m 350.5 633.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 549.2 m 415.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 549.2 m 480.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 549.2 m 350.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 537.2 m 350.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 549.2 m 415.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 537.2 m 415.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 549.2 m 480.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 537.2 m 480.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 549.2 m 540.5 549.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 537.2 m 540.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 537.2 m 415.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 513.2 m 350.5 513.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 513.2 m 415.5 513.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 513.2 m 350.5 513.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 501.2 m 350.5 501.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 513.2 m 415.5 513.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 501.2 m 415.5 501.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 513.2 m 480.5 513.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 501.2 m 480.5 501.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 513.2 m 540.5 513.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 501.2 m 540.5 501.2 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 637.43 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 637.43 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.20 637.43 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 508.95 637.43 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 75.00 625.40 Td (\(000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.40 625.20 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 468.40 625.20 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 526.10 625.20 Td (\(%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 612.88 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 600.88 Td (Drilling Data) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 600.93 Td (24,710) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 600.93 Td (29,176) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 600.93 Td (\(15) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 600.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 589.43 Td (Mud Management and Safety) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 588.93 Td (14,083) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 588.93 Td (17,217) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 588.93 Td (\(18) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 588.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 576.88 Td (Communications) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 576.93 Td (2,274) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 576.93 Td (3,229) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 576.93 Td (\(30) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 576.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 564.88 Td (Drilling Intelligence) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 564.93 Td (2,1) Tj ET Q q 0 0 0 rg BT 403.37 564.93 Td (17) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 564.93 Td (3,152) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 564.93 Td (\(33) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 564.88 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 553.43 Td (Analytics and Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 552.93 Td (1,803) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 552.93 Td (1,691) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 532.85 552.93 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 540.88 Td (T) Tj ET Q q 0 0 0 rg BT 79.59 540.88 Td (otal revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 540.93 Td (44,987) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 540.93 Td (54,465) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 540.93 Td (\(17) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 540.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 528.88 Td (Rental services and local administration) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 528.93 Td (18,052) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 528.93 Td (19,090) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 530.15 528.88 Td (\(5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 528.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 516.88 Td (Depreciation and amortization) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 516.93 Td (4,579) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 516.93 Td (4,774) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 530.15 516.88 Td (\(4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 516.88 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 504.88 Td (Segment gross profit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 504.93 Td (22,356) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 504.93 Td (30,601) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 504.93 Td (\(27) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 504.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 485.2 m 349.5 485.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 465.2 m 349.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 485.2 m 414.5 485.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 465.2 m 414.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 485.2 m 479.5 485.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 465.2 m 479.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 485.2 m 539.5 485.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 465.2 m 539.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 465.2 m 349.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 465.2 m 414.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 465.2 m 479.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 465.2 m 539.5 465.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 441.2 m 349.5 441.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 441.2 m 414.5 441.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 441.2 m 479.5 441.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 441.2 m 539.5 441.2 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 469.43 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 469.43 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.20 469.43 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.95 469.43 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 457.40 Td (\(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 402.40 457.20 Td (\(#\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 467.40 457.20 Td (\(#\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 525.10 457.20 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 444.88 Td (Electronic Drilling Recorder \(EDR\) Rental Days) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.80 444.93 Td (43,700) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 451.80 444.93 Td (55,700) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.70 444.93 Td (\(22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 444.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 425.2 m 349.5 425.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 405.2 m 349.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 425.2 m 414.5 425.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 405.2 m 414.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 425.2 m 479.5 425.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 405.2 m 479.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 425.2 m 539.5 425.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 405.2 m 539.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 405.2 m 349.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 405.2 m 414.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 405.2 m 479.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 405.2 m 539.5 405.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 369.2 m 349.5 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 369.2 m 414.5 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 369.2 m 479.5 369.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 369.2 m 539.5 369.2 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 409.43 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 409.43 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.20 409.43 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.95 409.43 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 397.20 Td (\(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 402.40 397.20 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 467.40 397.20 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 525.10 397.20 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 384.88 Td (Revenue per EDR day - USD) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.95 384.93 Td (750) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.95 384.93 Td (728) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 384.93 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 372.88 Td (Revenue per EDR day - CAD) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 372.93 Td (1,008) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.95 372.93 Td (968) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 372.93 Td (4) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 351.70 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 114.89 351.70 Td (from ) Tj ET Q q 0 0 0 rg BT 137.74 351.70 Td (the ) Tj ET Q q 0 0 0 rg BT 154.50 351.70 Td (US ) Tj ET Q q 0 0 0 rg BT 171.25 351.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 220.81 351.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 270.36 351.70 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 283.78 351.70 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 351.70 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.37 351.70 Td (in ) Tj ET Q q 0 0 0 rg BT 317.01 351.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 333.76 351.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 349.87 351.70 Td ( ) Tj ET Q q 0 0 0 rg BT 352.73 351.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 387.27 351.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.47 351.70 Td (2020 ) Tj ET Q q 0 0 0 rg BT 423.57 351.70 Td (over ) Tj ET Q q 0 0 0 rg BT 445.88 351.70 Td (the ) Tj ET Q q 0 0 0 rg BT 462.64 351.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 487.74 351.70 Td (comparable ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 339.70 Td (period ) Tj ET Q q 0 0 0 rg BT 102.58 339.70 Td (\(19% ) Tj ET Q q 0 0 0 rg BT 128.70 339.70 Td (when ) Tj ET Q q 0 0 0 rg BT 155.38 339.70 Td (measured ) Tj ET Q q 0 0 0 rg BT 202.63 339.70 Td (in ) Tj ET Q q 0 0 0 rg BT 213.19 339.70 Td (USD\).) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 321.70 Td (Analytics ) Tj ET Q q 0 0 0 rg BT 115.69 321.70 Td (and ) Tj ET Q q 0 0 0 rg BT 136.05 321.70 Td (other ) Tj ET Q q 0 0 0 rg BT 162.53 321.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 202.34 321.70 Td (increased ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 249.38 321.70 Td (7%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 263.83 321.70 Td ( ) Tj ET Q q 0 0 0 rg BT 267.51 321.70 Td (in ) Tj ET Q q 0 0 0 rg BT 278.97 321.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.55 321.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 312.66 321.70 Td ( ) Tj ET Q q 0 0 0 rg BT 316.33 321.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 351.70 321.70 Td (of ) Tj ET Q q 0 0 0 rg BT 363.71 321.70 Td (2020 ) Tj ET Q q 0 0 0 rg BT 389.64 321.70 Td (over ) Tj ET Q q 0 0 0 rg BT 412.77 321.70 Td (the ) Tj ET Q q 0 0 0 rg BT 430.35 321.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 456.27 321.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 512.20 321.70 Td (period ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 309.70 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 137.82 309.70 Td (as ) Tj ET Q q 0 0 0 rg BT 151.39 309.70 Td (a ) Tj ET Q q 0 0 0 rg BT 159.97 309.70 Td (result ) Tj ET Q q 0 0 0 rg BT 187.43 309.70 Td (of ) Tj ET Q q 0 0 0 rg BT 198.78 309.70 Td (the ) Tj ET Q q 0 0 0 rg BT 215.69 309.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 254.84 309.70 Td (generated ) Tj ET Q q 0 0 0 rg BT 302.89 309.70 Td (from ) Tj ET Q q 0 0 0 rg BT 325.90 309.70 Td (the ) Tj ET Q q 0 0 0 rg BT 342.81 309.70 Td (Energy ) Tj ET Q q 0 0 0 rg BT 377.31 309.70 Td (T) Tj ET Q q 0 0 0 rg BT 382.31 309.70 Td (oolbase ) Tj ET Q q 0 0 0 rg BT 420.35 309.70 Td (Software ) Tj ET Q q 0 0 0 rg BT 462.82 309.70 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 481.95 309.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 532.21 309.70 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 297.70 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 297.70 Td (third ) Tj ET Q q 0 0 0 rg BT 110.91 297.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 145.37 297.70 Td (of ) Tj ET Q q 0 0 0 rg BT 156.49 297.70 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 279.70 Td (Industry ) Tj ET Q q 0 0 0 rg BT 110.38 279.70 Td (activity ) Tj ET Q q 0 0 0 rg BT 143.75 279.70 Td (in ) Tj ET Q q 0 0 0 rg BT 154.34 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 171.05 279.70 Td (US ) Tj ET Q q 0 0 0 rg BT 187.75 279.70 Td (market ) Tj ET Q q 0 0 0 rg BT 221.12 279.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 270.63 279.70 Td (by ) Tj ET Q q 0 0 0 rg BT 284.00 279.70 Td (25% ) Tj ET Q q 0 0 0 rg BT 306.82 279.70 Td (in ) Tj ET Q q 0 0 0 rg BT 317.41 279.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 334.12 279.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 350.23 279.70 Td ( ) Tj ET Q q 0 0 0 rg BT 353.04 279.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 387.53 279.70 Td (of ) Tj ET Q q 0 0 0 rg BT 398.68 279.70 Td (2020 ) Tj ET Q q 0 0 0 rg BT 423.73 279.70 Td (over ) Tj ET Q q 0 0 0 rg BT 445.99 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 462.70 279.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 487.76 279.70 Td (comparable ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 267.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 104.80 267.70 Td (Active ) Tj ET Q q 0 0 0 rg BT 134.81 267.70 Td (rig ) Tj ET Q q 0 0 0 rg BT 148.70 267.70 Td (count ) Tj ET Q q 0 0 0 rg BT 175.95 267.70 Td (declined ) Tj ET Q q 0 0 0 rg BT 215.97 267.70 Td (in ) Tj ET Q q 0 0 0 rg BT 226.54 267.70 Td (most ) Tj ET Q q 0 0 0 rg BT 250.98 267.70 Td (major ) Tj ET Q q 0 0 0 rg BT 278.77 267.70 Td (plays. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 249.70 Td (US ) Tj ET Q q 0 0 0 rg BT 88.67 249.70 Td (market ) Tj ET Q q 0 0 0 rg BT 122.01 249.70 Td (share ) Tj ET Q q 0 0 0 rg BT 149.80 249.70 Td (was ) Tj ET Q q 0 0 0 rg BT 170.36 249.70 Td (64% ) Tj ET Q q 0 0 0 rg BT 193.16 249.70 Td (for ) Tj ET Q q 0 0 0 rg BT 207.61 249.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 224.29 249.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 240.39 249.70 Td ( ) Tj ET Q q 0 0 0 rg BT 243.17 249.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 277.63 249.70 Td (of ) Tj ET Q q 0 0 0 rg BT 288.75 249.70 Td (2020 ) Tj ET Q q 0 0 0 rg BT 313.78 249.70 Td (compared ) Tj ET Q q 0 0 0 rg BT 361.02 249.70 Td (to ) Tj ET Q q 0 0 0 rg BT 372.14 249.70 Td (61% ) Tj ET Q q 0 0 0 rg BT 394.93 249.70 Td (during ) Tj ET Q q 0 0 0 rg BT 425.51 249.70 Td (the ) Tj ET Q q 0 0 0 rg BT 442.19 249.70 Td (same ) Tj ET Q q 0 0 0 rg BT 469.42 249.70 Td (period ) Tj ET Q q 0 0 0 rg BT 500.00 249.70 Td (in ) Tj ET Q q 0 0 0 rg BT 510.56 249.70 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 231.70 Td (EDR ) Tj ET Q q 0 0 0 rg BT 95.76 231.70 Td (rental ) Tj ET Q q 0 0 0 rg BT 123.42 231.70 Td (days ) Tj ET Q q 0 0 0 rg BT 147.18 231.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 196.53 231.70 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 209.73 231.70 Td (22%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 229.75 231.70 Td ( ) Tj ET Q q 0 0 0 rg BT 232.39 231.70 Td (in ) Tj ET Q q 0 0 0 rg BT 242.82 231.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 259.36 231.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 275.47 231.70 Td ( ) Tj ET Q q 0 0 0 rg BT 278.12 231.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 312.44 231.70 Td (of ) Tj ET Q q 0 0 0 rg BT 323.43 231.70 Td (2020 ) Tj ET Q q 0 0 0 rg BT 348.32 231.70 Td (over ) Tj ET Q q 0 0 0 rg BT 370.42 231.70 Td (the ) Tj ET Q q 0 0 0 rg BT 386.96 231.70 Td (2019 ) Tj ET Q q 0 0 0 rg BT 411.85 231.70 Td (comparable ) Tj ET Q q 0 0 0 rg BT 466.75 231.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 499.97 231.70 Td (Revenue ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 219.70 Td (per ) Tj ET Q q 0 0 0 rg BT 89.20 219.70 Td (EDR ) Tj ET Q q 0 0 0 rg BT 113.06 219.70 Td (day ) Tj ET Q q 0 0 0 rg BT 131.93 219.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 178.04 219.70 Td (to ) Tj ET Q q 0 0 0 rg BT 189.12 219.70 Td (US) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 203.02 219.70 Td ($750) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 225.26 219.70 Td ( ) Tj ET Q q 0 0 0 rg BT 228.01 219.70 Td (in ) Tj ET Q q 0 0 0 rg BT 238.54 219.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 255.19 219.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.30 219.70 Td ( ) Tj ET Q q 0 0 0 rg BT 274.04 219.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 308.47 219.70 Td (of ) Tj ET Q q 0 0 0 rg BT 319.56 219.70 Td (2020, ) Tj ET Q q 0 0 0 rg BT 347.33 219.70 Td (an ) Tj ET Q q 0 0 0 rg BT 361.20 219.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 401.75 219.70 Td (of ) Tj ET Q q 0 0 0 rg BT 412.83 219.70 Td (US$22 ) Tj ET Q q 0 0 0 rg BT 446.16 219.70 Td (over ) Tj ET Q q 0 0 0 rg BT 468.36 219.70 Td (the ) Tj ET Q q 0 0 0 rg BT 485.01 219.70 Td (same ) Tj ET Q q 0 0 0 rg BT 512.21 219.70 Td (period ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 207.70 Td (in ) Tj ET Q q 0 0 0 rg BT 82.56 207.70 Td (2019. ) Tj ET Q q 0 0 0 rg BT 110.18 207.70 Td (The ) Tj ET Q q 0 0 0 rg BT 130.19 207.70 Td (increase ) Tj ET Q q 0 0 0 rg BT 170.77 207.70 Td (in ) Tj ET Q q 0 0 0 rg BT 181.33 207.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 220.25 207.70 Td (per ) Tj ET Q q 0 0 0 rg BT 237.48 207.70 Td (EDR ) Tj ET Q q 0 0 0 rg BT 261.37 207.70 Td (day ) Tj ET Q q 0 0 0 rg BT 280.27 207.70 Td (is ) Tj ET Q q 0 0 0 rg BT 290.27 207.70 Td (due ) Tj ET Q q 0 0 0 rg BT 309.73 207.70 Td (to ) Tj ET Q q 0 0 0 rg BT 320.85 207.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 366.99 207.70 Td (adoption ) Tj ET Q q 0 0 0 rg BT 408.14 207.70 Td (of ) Tj ET Q q 0 0 0 rg BT 419.26 207.70 Td (certain ) Tj ET Q q 0 0 0 rg BT 452.05 207.70 Td (products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 189.70 Td (Rental ) Tj ET Q q 0 0 0 rg BT 105.63 189.70 Td (services ) Tj ET Q q 0 0 0 rg BT 147.02 189.70 Td (and ) Tj ET Q q 0 0 0 rg BT 168.43 189.70 Td (local ) Tj ET Q q 0 0 0 rg BT 193.72 189.70 Td (administration ) Tj ET Q q 0 0 0 rg BT 260.69 189.70 Td (decreased ) Tj ET Q q 0 0 0 rg BT 312.11 189.70 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 327.39 189.70 Td (5%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 341.85 189.70 Td ( ) Tj ET Q q 0 0 0 rg BT 346.57 189.70 Td (in ) Tj ET Q q 0 0 0 rg BT 359.07 189.70 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 377.69 189.70 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 393.80 189.70 Td ( ) Tj ET Q q 0 0 0 rg BT 398.52 189.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 434.93 189.70 Td (of ) Tj ET Q q 0 0 0 rg BT 447.99 189.70 Td (2020 ) Tj ET Q q 0 0 0 rg BT 474.96 189.70 Td (over ) Tj ET Q q 0 0 0 rg BT 499.13 189.70 Td (the ) Tj ET Q q 0 0 0 rg BT 517.75 189.70 Td (2019 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 177.70 Td (comparative ) Tj ET Q q 0 0 0 rg BT 130.13 177.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 164.14 177.70 Td (The ) Tj ET Q q 0 0 0 rg BT 185.03 177.70 Td (decrease ) Tj ET Q q 0 0 0 rg BT 229.84 177.70 Td (in ) Tj ET Q q 0 0 0 rg BT 241.29 177.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.65 177.70 Td (costs ) Tj ET Q q 0 0 0 rg BT 313.66 177.70 Td (is ) Tj ET Q q 0 0 0 rg BT 324.54 177.70 Td (attributable ) Tj ET Q q 0 0 0 rg BT 377.69 177.70 Td (to ) Tj ET Q q 0 0 0 rg BT 389.69 177.70 Td (the ) Tj ET Q q 0 0 0 rg BT 407.26 177.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 453.72 177.70 Td (managing ) Tj ET Q q 0 0 0 rg BT 501.31 177.70 Td (field ) Tj ET Q q 0 0 0 rg BT 523.32 177.70 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 165.70 Td (of) Tj ET Q q 0 0 0 rg BT 80.16 165.70 Td (fice ) Tj ET Q q 0 0 0 rg BT 98.10 165.70 Td (staf) Tj ET Q q 0 0 0 rg BT 114.03 165.70 Td (f ) Tj ET Q q 0 0 0 rg BT 119.19 165.70 Td (levels ) Tj ET Q q 0 0 0 rg BT 147.13 165.70 Td (to ) Tj ET Q q 0 0 0 rg BT 157.84 165.70 Td (support ) Tj ET Q q 0 0 0 rg BT 193.57 165.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.85 165.70 Td (current ) Tj ET Q q 0 0 0 rg BT 243.35 165.70 Td (level ) Tj ET Q q 0 0 0 rg BT 266.29 165.70 Td (of ) Tj ET Q q 0 0 0 rg BT 277.01 165.70 Td (activity) Tj ET Q q 0 0 0 rg BT 306.83 165.70 Td (. ) Tj ET Q q 0 0 0 rg BT 311.98 165.70 Td (Included ) Tj ET Q q 0 0 0 rg BT 352.16 165.70 Td (in ) Tj ET Q q 0 0 0 rg BT 362.32 165.70 Td (the ) Tj ET Q q 0 0 0 rg BT 378.60 165.70 Td (US ) Tj ET Q q 0 0 0 rg BT 394.87 165.70 Td (business ) Tj ET Q q 0 0 0 rg BT 436.71 165.70 Td (segment ) Tj ET Q q 0 0 0 rg BT 477.44 165.70 Td (are ) Tj ET Q q 0 0 0 rg BT 494.27 165.70 Td (the ) Tj ET Q q 0 0 0 rg BT 510.54 165.70 Td (results ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 153.70 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 153.70 Td ( ) Tj ET Q q 0 0 0 rg BT 85.90 153.70 Td (Energy ) Tj ET Q q 0 0 0 rg BT 120.18 153.70 Td (T) Tj ET Q q 0 0 0 rg BT 125.18 153.70 Td (oolbase ) Tj ET Q q 0 0 0 rg BT 162.99 153.70 Td (Software ) Tj ET Q q 0 0 0 rg BT 205.23 153.70 Td (Inc.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 51.00 Td (9 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Canadian Operations) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 691.9 m 349.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 671.9 m 349.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 691.9 m 414.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 671.9 m 414.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 691.9 m 479.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 671.9 m 479.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 691.9 m 539.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 671.9 m 539.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 671.9 m 349.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 587.9 m 414.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 587.9 m 479.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 587.9 m 349.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 575.9 m 349.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 587.9 m 414.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 575.9 m 414.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 587.9 m 479.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 575.9 m 479.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 587.9 m 539.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 575.9 m 539.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 575.9 m 349.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 575.9 m 414.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 575.9 m 479.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 551.9 m 349.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 551.9 m 414.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 551.9 m 479.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 551.9 m 349.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 539.9 m 349.5 539.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 551.9 m 414.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 539.9 m 414.5 539.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 551.9 m 479.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 539.9 m 479.5 539.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 551.9 m 539.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 539.9 m 539.5 539.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 676.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 676.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.20 676.13 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.95 676.13 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 664.10 Td (\(000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 402.40 663.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 467.40 663.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 525.10 663.90 Td (\(%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 651.58 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 639.58 Td (Drilling Data) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 639.63 Td (8,457) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 639.63 Td (8,092) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 639.63 Td (5) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 628.13 Td (Mud Management and Safety) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 627.63 Td (5,081) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 627.63 Td (4,683) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 627.63 Td (8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 615.58 Td (Communications) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 615.63 Td (2,355) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 615.63 Td (2,292) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 615.63 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 603.58 Td (Drilling Intelligence) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 603.63 Td (2,977) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 603.63 Td (2,490) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.40 603.58 Td (20) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 592.13 Td (Analytics and Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.95 591.63 Td (856) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.95 591.63 Td (956) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.70 591.63 Td (\(10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 591.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 579.58 Td (T) Tj ET Q q 0 0 0 rg BT 78.59 579.58 Td (otal revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.80 579.63 Td (19,726) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 451.80 579.63 Td (18,513) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 579.63 Td (7) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 567.58 Td (Rental services and local administration) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 567.63 Td (5,819) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 567.63 Td (5,709) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 567.63 Td (2) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 555.58 Td (Depreciation and amortization) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 555.63 Td (4,796) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 555.63 Td (4,555) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 555.63 Td (5) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 543.58 Td (Segment gross profit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 543.63 Td (9,1) Tj ET Q q 0 0 0 rg BT 402.37 543.63 Td (1) Tj ET Q q 0 0 0 rg BT 406.82 543.63 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 543.63 Td (8,249) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.40 543.58 Td (10) Tj ET Q BT /F4 7.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 523.9 m 349.5 523.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 503.9 m 349.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 523.9 m 414.5 523.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 503.9 m 414.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 523.9 m 479.5 523.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 503.9 m 479.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 523.9 m 539.5 523.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 503.9 m 539.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 503.9 m 349.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 503.9 m 414.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 503.9 m 479.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 503.9 m 539.5 503.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 479.9 m 349.5 479.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 479.9 m 414.5 479.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 479.9 m 479.5 479.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 479.9 m 539.5 479.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 508.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 508.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.20 508.13 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.95 508.13 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 496.10 Td (\(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 402.40 495.90 Td (\(#\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 467.40 495.90 Td (\(#\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 525.10 495.90 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 483.58 Td (Electronic Drilling Recorder \(EDR\) Rental Days) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 386.80 483.63 Td (15,500) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 451.80 483.63 Td (15,500) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.25 483.58 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 463.9 m 349.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 443.9 m 349.5 443.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 463.9 m 414.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 443.9 m 414.5 443.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 463.9 m 479.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 443.9 m 479.5 443.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 463.9 m 539.5 463.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 443.9 m 539.5 443.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 443.9 m 414.5 443.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 443.9 m 479.5 443.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 419.9 m 349.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 419.9 m 414.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 419.9 m 479.5 419.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 419.9 m 539.5 419.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 448.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 448.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.20 448.13 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.95 448.13 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 436.30 Td (\(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 402.40 435.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 467.40 435.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 525.10 435.90 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 423.58 Td (Revenue per EDR day - CAD) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 423.63 Td (1,226) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 423.63 Td (1,142) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 423.63 Td (7) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 402.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 118.02 402.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 150.13 402.40 Td (activity ) Tj ET Q q 0 0 0 rg BT 183.90 402.40 Td (in ) Tj ET Q q 0 0 0 rg BT 194.89 402.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 212.00 402.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 228.11 402.40 Td ( ) Tj ET Q q 0 0 0 rg BT 231.32 402.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 266.21 402.40 Td (of ) Tj ET Q q 0 0 0 rg BT 277.76 402.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 303.22 402.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 349.78 402.40 Td (by ) Tj ET Q q 0 0 0 rg BT 363.55 402.40 Td (7% ) Tj ET Q q 0 0 0 rg BT 381.21 402.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 416.66 402.40 Td (to ) Tj ET Q q 0 0 0 rg BT 428.21 402.40 Td (the ) Tj ET Q q 0 0 0 rg BT 445.32 402.40 Td (same ) Tj ET Q q 0 0 0 rg BT 472.98 402.40 Td (period ) Tj ET Q q 0 0 0 rg BT 503.99 402.40 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 514.98 402.40 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 537.22 402.40 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 390.40 Td (while ) Tj ET Q q 0 0 0 rg BT 97.57 390.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 121.46 390.40 Td (rental ) Tj ET Q q 0 0 0 rg BT 149.25 390.40 Td (days ) Tj ET Q q 0 0 0 rg BT 173.15 390.40 Td (remained ) Tj ET Q q 0 0 0 rg BT 217.62 390.40 Td (static.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 372.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 113.66 372.40 Td (in ) Tj ET Q q 0 0 0 rg BT 123.08 372.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.61 372.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 183.05 372.40 Td (business ) Tj ET Q q 0 0 0 rg BT 224.15 372.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 241.91 372.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 286.90 372.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 299.09 372.40 Td (7%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.55 372.40 Td ( ) Tj ET Q q 0 0 0 rg BT 315.18 372.40 Td (in ) Tj ET Q q 0 0 0 rg BT 324.59 372.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 340.13 372.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 356.23 372.40 Td ( ) Tj ET Q q 0 0 0 rg BT 357.87 372.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 391.18 372.40 Td (of ) Tj ET Q q 0 0 0 rg BT 401.15 372.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 425.03 372.40 Td (over ) Tj ET Q q 0 0 0 rg BT 446.12 372.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 461.65 372.40 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 483.90 372.40 Td ( ) Tj ET Q q 0 0 0 rg BT 485.53 372.40 Td (comparative ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 360.40 Td (period. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 342.40 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 105.89 342.40 Td (intelligence ) Tj ET Q q 0 0 0 rg BT 159.26 342.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 198.73 342.40 Td (increased ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 245.42 342.40 Td (20%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 265.44 342.40 Td ( ) Tj ET Q q 0 0 0 rg BT 268.77 342.40 Td (in ) Tj ET Q q 0 0 0 rg BT 279.88 342.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 297.12 342.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 313.22 342.40 Td ( ) Tj ET Q q 0 0 0 rg BT 316.56 342.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 351.57 342.40 Td (of ) Tj ET Q q 0 0 0 rg BT 363.25 342.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 388.82 342.40 Td (over ) Tj ET Q q 0 0 0 rg BT 411.61 342.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 428.84 342.40 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 451.09 342.40 Td ( ) Tj ET Q q 0 0 0 rg BT 454.42 342.40 Td (comparative ) Tj ET Q q 0 0 0 rg BT 512.22 342.40 Td (period ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 330.40 Td (due ) Tj ET Q q 0 0 0 rg BT 91.46 330.40 Td (to ) Tj ET Q q 0 0 0 rg BT 102.58 330.40 Td (the ) Tj ET Q q 0 0 0 rg BT 119.26 330.40 Td (continued ) Tj ET Q q 0 0 0 rg BT 165.41 330.40 Td (adoption ) Tj ET Q q 0 0 0 rg BT 206.56 330.40 Td (of ) Tj ET Q q 0 0 0 rg BT 217.67 330.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 249.35 330.40 Td (intelligence ) Tj ET Q q 0 0 0 rg BT 302.17 330.40 Td (products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 312.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 117.90 312.40 Td (market ) Tj ET Q q 0 0 0 rg BT 151.55 312.40 Td (share ) Tj ET Q q 0 0 0 rg BT 179.65 312.40 Td (was ) Tj ET Q q 0 0 0 rg BT 200.52 312.40 Td (89% ) Tj ET Q q 0 0 0 rg BT 223.62 312.40 Td (for ) Tj ET Q q 0 0 0 rg BT 238.38 312.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 255.36 312.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.47 312.40 Td ( ) Tj ET Q q 0 0 0 rg BT 274.56 312.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 309.33 312.40 Td (of ) Tj ET Q q 0 0 0 rg BT 320.75 312.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 346.09 312.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 381.41 312.40 Td (to ) Tj ET Q q 0 0 0 rg BT 392.84 312.40 Td (94% ) Tj ET Q q 0 0 0 rg BT 415.94 312.40 Td (in ) Tj ET Q q 0 0 0 rg BT 426.81 312.40 Td (the ) Tj ET Q q 0 0 0 rg BT 443.79 312.40 Td (comparative ) Tj ET Q q 0 0 0 rg BT 501.35 312.40 Td (period ) Tj ET Q q 0 0 0 rg BT 532.23 312.40 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 300.40 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 282.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 114.06 282.40 Td (per ) Tj ET Q q 0 0 0 rg BT 130.55 282.40 Td (EDR ) Tj ET Q q 0 0 0 rg BT 153.70 282.40 Td (day ) Tj ET Q q 0 0 0 rg BT 171.85 282.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 217.25 282.40 Td (by ) Tj ET Q q 0 0 0 rg BT 229.84 282.40 Td ($84 ) Tj ET Q q 0 0 0 rg BT 248.56 282.40 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 258.93 282.40 Td ($1,226) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 289.52 282.40 Td ( ) Tj ET Q q 0 0 0 rg BT 291.55 282.40 Td (during ) Tj ET Q q 0 0 0 rg BT 321.38 282.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 337.32 282.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 353.43 282.40 Td ( ) Tj ET Q q 0 0 0 rg BT 355.46 282.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 389.18 282.40 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.55 282.40 Td (2020) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 421.80 282.40 Td ( ) Tj ET Q q 0 0 0 rg BT 423.83 282.40 Td (over ) Tj ET Q q 0 0 0 rg BT 445.32 282.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 461.26 282.40 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 483.50 282.40 Td ( ) Tj ET Q q 0 0 0 rg BT 485.54 282.40 Td (comparative ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 270.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 105.17 270.40 Td (The ) Tj ET Q q 0 0 0 rg BT 125.18 270.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 165.76 270.40 Td (is ) Tj ET Q q 0 0 0 rg BT 175.76 270.40 Td (driven ) Tj ET Q q 0 0 0 rg BT 205.77 270.40 Td (by ) Tj ET Q q 0 0 0 rg BT 219.11 270.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 265.25 270.40 Td (usage ) Tj ET Q q 0 0 0 rg BT 295.28 270.40 Td (of ) Tj ET Q q 0 0 0 rg BT 306.39 270.40 Td (drilling ) Tj ET Q q 0 0 0 rg BT 338.07 270.40 Td (intelligence ) Tj ET Q q 0 0 0 rg BT 390.89 270.40 Td (products.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 252.40 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 129.67 252.40 Td (and ) Tj ET Q q 0 0 0 rg BT 147.88 252.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 203.87 252.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 243.20 252.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 288.09 252.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 300.17 252.40 Td (5%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 314.63 252.40 Td ( ) Tj ET Q q 0 0 0 rg BT 316.15 252.40 Td (in ) Tj ET Q q 0 0 0 rg BT 325.46 252.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 340.89 252.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 356.99 252.40 Td ( ) Tj ET Q q 0 0 0 rg BT 358.52 252.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 391.73 252.40 Td (of ) Tj ET Q q 0 0 0 rg BT 401.59 252.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 425.36 252.40 Td (over ) Tj ET Q q 0 0 0 rg BT 446.34 252.40 Td (the ) Tj ET Q q 0 0 0 rg BT 461.77 252.40 Td (2019 ) Tj ET Q q 0 0 0 rg BT 485.54 252.40 Td (comparative ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 240.40 Td (period. ) Tj ET Q q 0 0 0 rg BT 105.22 240.40 Td (The ) Tj ET Q q 0 0 0 rg BT 125.28 240.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 165.90 240.40 Td (is ) Tj ET Q q 0 0 0 rg BT 175.95 240.40 Td (due ) Tj ET Q q 0 0 0 rg BT 195.46 240.40 Td (to ) Tj ET Q q 0 0 0 rg BT 206.62 240.40 Td (the ) Tj ET Q q 0 0 0 rg BT 223.35 240.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 268.97 240.40 Td (initiating ) Tj ET Q q 0 0 0 rg BT 308.49 240.40 Td (the ) Tj ET Q q 0 0 0 rg BT 325.21 240.40 Td (amortization ) Tj ET Q q 0 0 0 rg BT 382.51 240.40 Td (of ) Tj ET Q q 0 0 0 rg BT 393.67 240.40 Td (previously ) Tj ET Q q 0 0 0 rg BT 441.52 240.40 Td (deferred ) Tj ET Q q 0 0 0 rg BT 481.59 240.40 Td (research ) Tj ET Q q 0 0 0 rg BT 523.32 240.40 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 228.40 Td (development ) Tj ET Q q 0 0 0 rg BT 132.04 228.40 Td (projects.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 210.40 Td (Segment ) Tj ET Q q 0 0 0 rg BT 114.71 210.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 141.86 210.40 Td (profit ) Tj ET Q q 0 0 0 rg BT 166.78 210.40 Td (for ) Tj ET Q q 0 0 0 rg BT 181.14 210.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 197.73 210.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 213.84 210.40 Td ( ) Tj ET Q q 0 0 0 rg BT 216.53 210.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 250.90 210.40 Td (of ) Tj ET Q q 0 0 0 rg BT 261.93 210.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 286.87 210.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 332.92 210.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 346.17 210.40 Td (10%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 366.18 210.40 Td ( ) Tj ET Q q 0 0 0 rg BT 368.87 210.40 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 379.90 210.40 Td ($9.1 ) Tj ET Q q 0 0 0 rg BT 402.06 210.40 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 430.40 210.40 Td ( ) Tj ET Q q 0 0 0 rg BT 433.09 210.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 468.01 210.40 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 479.04 210.40 Td ($8.2 ) Tj ET Q q 0 0 0 rg BT 501.20 210.40 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 529.54 210.40 Td ( ) Tj ET Q q 0 0 0 rg BT 532.23 210.40 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 198.40 Td (segment ) Tj ET Q q 0 0 0 rg BT 113.13 198.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 140.36 198.40 Td (profit ) Tj ET Q q 0 0 0 rg BT 165.37 198.40 Td (in ) Tj ET Q q 0 0 0 rg BT 175.94 198.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 192.62 198.40 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 214.86 198.40 Td ( ) Tj ET Q q 0 0 0 rg BT 217.64 198.40 Td (comparative ) Tj ET Q q 0 0 0 rg BT 274.89 198.40 Td (period.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (10 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (International Operations) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 691.9 m 349.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 671.9 m 349.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 691.9 m 414.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 671.9 m 414.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 691.9 m 479.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 671.9 m 479.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 691.9 m 539.5 691.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 671.9 m 539.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 671.9 m 349.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 671.9 m 414.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 671.9 m 479.5 671.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 587.9 m 414.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 587.9 m 479.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 587.9 m 349.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 575.9 m 349.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 587.9 m 414.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 575.9 m 414.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 587.9 m 479.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 575.9 m 479.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 587.9 m 539.5 587.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 575.9 m 539.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 575.9 m 349.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 575.9 m 414.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 575.9 m 479.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 551.9 m 349.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 551.9 m 414.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 551.9 m 479.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 551.9 m 349.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 539.9 m 349.5 539.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 551.9 m 414.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 539.9 m 414.5 539.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 551.9 m 479.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 539.9 m 479.5 539.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 551.9 m 539.5 551.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 539.9 m 539.5 539.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 676.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 393.20 676.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 458.20 676.13 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.95 676.13 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 664.10 Td (\(000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 402.40 663.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 467.40 663.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 525.10 663.90 Td (\(%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 651.58 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 639.58 Td (Drilling Data) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 639.63 Td (5,504) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 639.63 Td (5,985) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.15 639.58 Td (\(8) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 639.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 628.13 Td (Mud Management and Safety) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 627.63 Td (2,233) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 627.63 Td (1,774) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.40 627.58 Td (26) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 615.58 Td (Communications) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.95 615.63 Td (449) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.95 615.63 Td (436) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 615.63 Td (3) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 603.58 Td (Drilling Intelligence) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.95 603.63 Td (301) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.95 603.63 Td (331) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.15 603.58 Td (\(9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 603.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 592.13 Td (Analytics and Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 397.95 591.63 Td (762) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.95 591.63 Td (639) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.40 591.58 Td (19) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 579.58 Td (T) Tj ET Q q 0 0 0 rg BT 78.59 579.58 Td (otal revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 579.63 Td (9,249) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 579.63 Td (9,165) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 531.85 579.63 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 567.58 Td (Rental services and local administration) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 567.63 Td (5,283) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 567.63 Td (5,306) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.25 567.58 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 555.58 Td (Depreciation and amortization) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 555.63 Td (1,039) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 462.95 555.63 Td (893) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.40 555.58 Td (16) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 543.58 Td (Segment gross profit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 391.25 543.63 Td (2,927) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 456.25 543.63 Td (2,966) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.15 543.58 Td (\(1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 543.58 Td (\)) Tj ET Q BT /F4 7.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 522.40 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 114.03 522.40 Td (in ) Tj ET Q q 0 0 0 rg BT 123.82 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 139.73 522.40 Td (International ) Tj ET Q q 0 0 0 rg BT 196.77 522.40 Td (business ) Tj ET Q q 0 0 0 rg BT 238.24 522.40 Td (unit ) Tj ET Q q 0 0 0 rg BT 256.37 522.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 301.73 522.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 314.30 522.40 Td (1%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 328.75 522.40 Td ( ) Tj ET Q q 0 0 0 rg BT 330.75 522.40 Td (in ) Tj ET Q q 0 0 0 rg BT 340.54 522.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 356.45 522.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 372.55 522.40 Td ( ) Tj ET Q q 0 0 0 rg BT 374.56 522.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 408.25 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 418.59 522.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 442.84 522.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 489.31 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 499.66 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 515.56 522.40 Td (same ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 510.40 Td (period ) Tj ET Q q 0 0 0 rg BT 102.13 510.40 Td (in ) Tj ET Q q 0 0 0 rg BT 112.25 510.40 Td (2019. ) Tj ET Q q 0 0 0 rg BT 139.14 510.40 Td (Activity ) Tj ET Q q 0 0 0 rg BT 173.15 510.40 Td (levels ) Tj ET Q q 0 0 0 rg BT 201.05 510.40 Td (in ) Tj ET Q q 0 0 0 rg BT 211.16 510.40 Td (all ) Tj ET Q q 0 0 0 rg BT 223.50 510.40 Td (of ) Tj ET Q q 0 0 0 rg BT 234.17 510.40 Td (the ) Tj ET Q q 0 0 0 rg BT 250.41 510.40 Td (Company's ) Tj ET Q q 0 0 0 rg BT 302.45 510.40 Td (major ) Tj ET Q q 0 0 0 rg BT 329.79 510.40 Td (international ) Tj ET Q q 0 0 0 rg BT 386.60 510.40 Td (markets ) Tj ET Q q 0 0 0 rg BT 424.50 510.40 Td (remained ) Tj ET Q q 0 0 0 rg BT 468.52 510.40 Td (stable ) Tj ET Q q 0 0 0 rg BT 497.54 510.40 Td (in ) Tj ET Q q 0 0 0 rg BT 507.66 510.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 523.89 510.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 498.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 106.46 498.40 Td (of ) Tj ET Q q 0 0 0 rg BT 117.58 498.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 142.61 498.40 Td (over ) Tj ET Q q 0 0 0 rg BT 164.84 498.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 181.52 498.40 Td (2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 203.76 498.40 Td ( ) Tj ET Q q 0 0 0 rg BT 206.54 498.40 Td (comparative ) Tj ET Q q 0 0 0 rg BT 263.79 498.40 Td (period. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 480.40 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 131.15 480.40 Td (expense ) Tj ET Q q 0 0 0 rg BT 171.96 480.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 218.32 480.40 Td (by ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.88 480.40 Td (16%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.90 480.40 Td ( ) Tj ET Q q 0 0 0 rg BT 254.90 480.40 Td (in ) Tj ET Q q 0 0 0 rg BT 265.69 480.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 282.59 480.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 298.70 480.40 Td ( ) Tj ET Q q 0 0 0 rg BT 301.71 480.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 336.39 480.40 Td (of ) Tj ET Q q 0 0 0 rg BT 347.74 480.40 Td (2020 ) Tj ET Q q 0 0 0 rg BT 372.99 480.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 420.46 480.40 Td (to ) Tj ET Q q 0 0 0 rg BT 431.80 480.40 Td (the ) Tj ET Q q 0 0 0 rg BT 448.71 480.40 Td (same ) Tj ET Q q 0 0 0 rg BT 476.16 480.40 Td (period ) Tj ET Q q 0 0 0 rg BT 506.96 480.40 Td (in ) Tj ET Q q 0 0 0 rg BT 517.75 480.40 Td (2019 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 468.40 Td (due ) Tj ET Q q 0 0 0 rg BT 91.46 468.40 Td (to ) Tj ET Q q 0 0 0 rg BT 102.58 468.40 Td (hyperinflation ) Tj ET Q q 0 0 0 rg BT 164.84 468.40 Td (accounting.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 450.40 Td (Segment ) Tj ET Q q 0 0 0 rg BT 114.27 450.40 Td (gross ) Tj ET Q q 0 0 0 rg BT 140.98 450.40 Td (profit ) Tj ET Q q 0 0 0 rg BT 165.46 450.40 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 185.49 450.40 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 207.21 450.40 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 235.55 450.40 Td ( ) Tj ET Q q 0 0 0 rg BT 237.80 450.40 Td (for ) Tj ET Q q 0 0 0 rg BT 251.72 450.40 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.87 450.40 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 283.98 450.40 Td ( ) Tj ET Q q 0 0 0 rg BT 286.23 450.40 Td (quarter ) Tj ET Q q 0 0 0 rg BT 320.16 450.40 Td (of ) Tj ET Q q 0 0 0 rg BT 330.75 450.40 Td (2020, ) Tj ET Q q 0 0 0 rg BT 358.03 450.40 Td (an ) Tj ET Q q 0 0 0 rg BT 371.40 450.40 Td (decrease ) Tj ET Q q 0 0 0 rg BT 414.79 450.40 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 425.38 450.40 Td (1%) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 439.83 450.40 Td ( ) Tj ET Q q 0 0 0 rg BT 442.08 450.40 Td (compared ) Tj ET Q q 0 0 0 rg BT 488.80 450.40 Td (to ) Tj ET Q q 0 0 0 rg BT 499.39 450.40 Td (the ) Tj ET Q q 0 0 0 rg BT 515.55 450.40 Td (same ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 438.40 Td (period ) Tj ET Q q 0 0 0 rg BT 102.58 438.40 Td (in ) Tj ET Q q 0 0 0 rg BT 113.14 438.40 Td (2019.) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 401.20 Td (Corporate Expenses) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 384.70000000000005 m 350.5 384.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 364.70000000000005 m 350.5 364.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 384.70000000000005 m 415.5 384.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 364.70000000000005 m 415.5 364.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 384.70000000000005 m 480.5 384.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 364.70000000000005 m 480.5 364.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 384.70000000000005 m 540.5 384.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 364.70000000000005 m 540.5 364.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 364.70000000000005 m 350.5 364.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 220.70000000000005 m 350.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 220.70000000000005 m 415.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 220.70000000000005 m 480.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 220.70000000000005 m 350.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 208.70000000000005 m 350.5 208.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 220.70000000000005 m 415.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 208.70000000000005 m 415.5 208.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 220.70000000000005 m 480.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 208.70000000000005 m 480.5 208.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 220.70000000000005 m 540.5 220.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 208.70000000000005 m 540.5 208.70000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 368.93 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 394.20 368.93 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.20 368.93 Td (2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 508.95 368.93 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 75.00 356.90 Td (\(000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 403.40 356.70 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 468.40 356.70 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 526.10 356.70 Td (\(%\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 344.38 Td (Other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 332.38 Td (Research and development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 332.43 Td (8,062) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 332.43 Td (7,744) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 532.85 332.43 Td (4) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 320.38 Td (Corporate services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 392.25 320.43 Td (3,685) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 320.43 Td (3,653) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 532.85 320.43 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 308.38 Td (Stock-based compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.25 308.43 Td (\(122) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.30 308.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 457.25 308.43 Td (3,824) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.25 308.38 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 296.38 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 284.38 Td (Foreign exchange loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.70 284.43 Td (\(47) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.30 284.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.95 284.43 Td (101) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.25 284.38 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 272.38 Td (Net interest expense - lease liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.95 272.43 Td (178) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.95 272.43 Td (137) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.40 272.38 Td (30) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 260.38 Td (Interest income - short term investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.25 260.43 Td (\(576) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.30 260.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.25 260.43 Td (\(185) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.30 260.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.95 260.43 Td (21) Tj ET Q q 0 0 0 rg BT 532.85 260.43 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 248.38 Td (Net monetary gain) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.25 248.43 Td (\(419) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.30 248.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 469.25 248.38 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 529.25 248.38 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 236.38 Td (Equity income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 396.25 236.43 Td (\(244) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 412.30 236.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 461.25 236.43 Td (\(158) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 477.30 236.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.40 236.38 Td (54) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 82.00 224.38 Td (Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 398.95 224.43 Td (302) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 463.95 224.43 Td (263) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.40 224.38 Td (15) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 75.00 212.38 Td (T) Tj ET Q q 0 0 0 rg BT 79.29 212.38 Td (otal corporate expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 387.80 212.43 Td (10,819) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 452.80 212.43 Td (15,379) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 525.70 212.43 Td (\(30) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 537.30 212.38 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 191.20 Td (Net ) Tj ET Q q 0 0 0 rg BT 88.98 191.20 Td (monetary ) Tj ET Q q 0 0 0 rg BT 132.09 191.20 Td (gain ) Tj ET Q q 0 0 0 rg BT 152.41 191.20 Td (is ) Tj ET Q q 0 0 0 rg BT 161.06 191.20 Td (as ) Tj ET Q q 0 0 0 rg BT 173.04 191.20 Td (a ) Tj ET Q q 0 0 0 rg BT 180.02 191.20 Td (result ) Tj ET Q q 0 0 0 rg BT 205.89 191.20 Td (of ) Tj ET Q q 0 0 0 rg BT 215.65 191.20 Td (applying ) Tj ET Q q 0 0 0 rg BT 254.32 191.20 Td (hyperinflation ) Tj ET Q q 0 0 0 rg BT 315.23 191.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 365.02 191.20 Td (to ) Tj ET Q q 0 0 0 rg BT 374.78 191.20 Td (the ) Tj ET Q q 0 0 0 rg BT 390.10 191.20 Td (Company's ) Tj ET Q q 0 0 0 rg BT 440.94 191.20 Td (Argentinian ) Tj ET Q q 0 0 0 rg BT 492.96 191.20 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 537.23 191.20 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 173.20 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 129.76 173.20 Td (compensation ) Tj ET Q q 0 0 0 rg BT 194.19 173.20 Td (was ) Tj ET Q q 0 0 0 rg BT 214.15 173.20 Td (a ) Tj ET Q q 0 0 0 rg BT 221.88 173.20 Td (recovery ) Tj ET Q q 0 0 0 rg BT 262.40 173.20 Td (in ) Tj ET Q q 0 0 0 rg BT 272.36 173.20 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 288.43 173.20 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 304.54 173.20 Td ( ) Tj ET Q q 0 0 0 rg BT 306.72 173.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 340.57 173.20 Td (of ) Tj ET Q q 0 0 0 rg BT 351.09 173.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 375.51 173.20 Td (due ) Tj ET Q q 0 0 0 rg BT 394.36 173.20 Td (to ) Tj ET Q q 0 0 0 rg BT 404.88 173.20 Td (the ) Tj ET Q q 0 0 0 rg BT 420.95 173.20 Td (decrease ) Tj ET Q q 0 0 0 rg BT 464.26 173.20 Td (in ) Tj ET Q q 0 0 0 rg BT 474.22 173.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.29 173.20 Td (Company's ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 161.20 Td (stock ) Tj ET Q q 0 0 0 rg BT 98.12 161.20 Td (price.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.85 51.00 Td (1) Tj ET Q q 0 0 0 rg BT 301.70 51.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 72.00 711.30 Td (Q1) Tj ET Q BT /F3 12.00 Tf ET q 0 0 0 rg BT 88.01 711.30 Td ( 2020 vs Q4 2019) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 696.30 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 133.25 696.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 172.26 696.30 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 192.91 696.30 Td ($74.0 ) Tj ET Q q 0 0 0 rg BT 220.81 696.30 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 249.15 696.30 Td ( ) Tj ET Q q 0 0 0 rg BT 252.02 696.30 Td (in ) Tj ET Q q 0 0 0 rg BT 262.68 696.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.46 696.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 295.56 696.30 Td ( ) Tj ET Q q 0 0 0 rg BT 298.44 696.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 332.99 696.30 Td (of ) Tj ET Q q 0 0 0 rg BT 344.21 696.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 369.33 696.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 416.67 696.30 Td (to ) Tj ET Q q 0 0 0 rg BT 427.88 696.30 Td ($68.4 ) Tj ET Q q 0 0 0 rg BT 455.78 696.30 Td (million ) Tj ET Q q 0 0 0 rg BT 486.99 696.30 Td (in ) Tj ET Q q 0 0 0 rg BT 497.65 696.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.42 696.30 Td (fourth ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 684.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 106.46 684.30 Td (of ) Tj ET Q q 0 0 0 rg BT 117.58 684.30 Td (2019, ) Tj ET Q q 0 0 0 rg BT 145.38 684.30 Td (an ) Tj ET Q q 0 0 0 rg BT 159.29 684.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 199.86 684.30 Td (of ) Tj ET Q q 0 0 0 rg BT 210.98 684.30 Td ($5.6 ) Tj ET Q q 0 0 0 rg BT 233.22 684.30 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 666.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 114.75 666.30 Td (in ) Tj ET Q q 0 0 0 rg BT 125.25 666.30 Td (the ) Tj ET Q q 0 0 0 rg BT 141.87 666.30 Td (US ) Tj ET Q q 0 0 0 rg BT 158.48 666.30 Td (business ) Tj ET Q q 0 0 0 rg BT 200.67 666.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 219.51 666.30 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 240.01 666.30 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 267.75 666.30 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.09 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 298.81 666.30 Td (in ) Tj ET Q q 0 0 0 rg BT 309.31 666.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 325.93 666.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 342.04 666.30 Td ( ) Tj ET Q q 0 0 0 rg BT 344.76 666.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 379.17 666.30 Td (of ) Tj ET Q q 0 0 0 rg BT 390.22 666.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 415.19 666.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 462.38 666.30 Td (to ) Tj ET Q q 0 0 0 rg BT 473.43 666.30 Td ($44.2 ) Tj ET Q q 0 0 0 rg BT 501.18 666.30 Td (million ) Tj ET Q q 0 0 0 rg BT 532.24 666.30 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 654.30 Td (the ) Tj ET Q q 0 0 0 rg BT 87.32 654.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 114.32 654.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 147.42 654.30 Td (of ) Tj ET Q q 0 0 0 rg BT 157.18 654.30 Td (2019. ) Tj ET Q q 0 0 0 rg BT 183.54 654.30 Td (The ) Tj ET Q q 0 0 0 rg BT 202.19 654.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 241.41 654.30 Td (is ) Tj ET Q q 0 0 0 rg BT 250.05 654.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 300.95 654.30 Td (to ) Tj ET Q q 0 0 0 rg BT 310.72 654.30 Td (a ) Tj ET Q q 0 0 0 rg BT 317.70 654.30 Td (200bps ) Tj ET Q q 0 0 0 rg BT 351.93 654.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 391.15 654.30 Td (in ) Tj ET Q q 0 0 0 rg BT 400.35 654.30 Td (market ) Tj ET Q q 0 0 0 rg BT 432.34 654.30 Td (share ) Tj ET Q q 0 0 0 rg BT 458.77 654.30 Td (and ) Tj ET Q q 0 0 0 rg BT 476.88 654.30 Td (the ) Tj ET Q q 0 0 0 rg BT 492.20 654.30 Td (weakening ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 642.30 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 642.30 Td (the ) Tj ET Q q 0 0 0 rg BT 99.80 642.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 145.39 642.30 Td (dollar) Tj ET Q q 0 0 0 rg BT 169.29 642.30 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 624.30 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 115.49 624.30 Td (in ) Tj ET Q q 0 0 0 rg BT 126.74 624.30 Td (the ) Tj ET Q q 0 0 0 rg BT 144.10 624.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 190.37 624.30 Td (business ) Tj ET Q q 0 0 0 rg BT 233.30 624.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 252.89 624.30 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 274.13 624.30 Td ($19.7 ) Tj ET Q q 0 0 0 rg BT 302.62 624.30 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 330.96 624.30 Td ( ) Tj ET Q q 0 0 0 rg BT 334.42 624.30 Td (in ) Tj ET Q q 0 0 0 rg BT 345.67 624.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.03 624.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 379.14 624.30 Td ( ) Tj ET Q q 0 0 0 rg BT 382.60 624.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 417.75 624.30 Td (of ) Tj ET Q q 0 0 0 rg BT 429.55 624.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 455.26 624.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 503.19 624.30 Td (to ) Tj ET Q q 0 0 0 rg BT 514.99 624.30 Td ($14.2 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 612.30 Td (million ) Tj ET Q q 0 0 0 rg BT 103.39 612.30 Td (in ) Tj ET Q q 0 0 0 rg BT 114.22 612.30 Td (the ) Tj ET Q q 0 0 0 rg BT 131.17 612.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 159.79 612.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 194.53 612.30 Td (of ) Tj ET Q q 0 0 0 rg BT 205.92 612.30 Td (2019. ) Tj ET Q q 0 0 0 rg BT 233.79 612.30 Td (The ) Tj ET Q q 0 0 0 rg BT 254.08 612.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 294.92 612.30 Td (is ) Tj ET Q q 0 0 0 rg BT 305.20 612.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 357.72 612.30 Td (an ) Tj ET Q q 0 0 0 rg BT 371.90 612.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 412.74 612.30 Td (in ) Tj ET Q q 0 0 0 rg BT 423.58 612.30 Td (market ) Tj ET Q q 0 0 0 rg BT 457.19 612.30 Td (share ) Tj ET Q q 0 0 0 rg BT 485.25 612.30 Td (and ) Tj ET Q q 0 0 0 rg BT 504.99 612.30 Td (industry ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 600.30 Td (activity) Tj ET Q q 0 0 0 rg BT 101.82 600.30 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 582.30 Td (The ) Tj ET Q q 0 0 0 rg BT 92.84 582.30 Td (International ) Tj ET Q q 0 0 0 rg BT 151.49 582.30 Td (business ) Tj ET Q q 0 0 0 rg BT 194.56 582.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 214.29 582.30 Td (reported ) Tj ET Q q 0 0 0 rg BT 255.15 582.30 Td (revenue ) Tj ET Q q 0 0 0 rg BT 294.90 582.30 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.84 582.30 Td ($9.2 ) Tj ET Q q 0 0 0 rg BT 329.92 582.30 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 358.25 582.30 Td ( ) Tj ET Q q 0 0 0 rg BT 361.86 582.30 Td (in ) Tj ET Q q 0 0 0 rg BT 373.25 582.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 390.76 582.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 406.87 582.30 Td ( ) Tj ET Q q 0 0 0 rg BT 410.48 582.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 445.77 582.30 Td (of ) Tj ET Q q 0 0 0 rg BT 457.72 582.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 483.58 582.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 531.65 582.30 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 570.30 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 100.34 570.30 Td (million ) Tj ET Q q 0 0 0 rg BT 131.99 570.30 Td (in ) Tj ET Q q 0 0 0 rg BT 143.08 570.30 Td (the ) Tj ET Q q 0 0 0 rg BT 160.29 570.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 189.18 570.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 224.17 570.30 Td (of ) Tj ET Q q 0 0 0 rg BT 235.83 570.30 Td (2019. ) Tj ET Q q 0 0 0 rg BT 263.95 570.30 Td (The ) Tj ET Q q 0 0 0 rg BT 284.49 570.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 328.94 570.30 Td (is ) Tj ET Q q 0 0 0 rg BT 339.47 570.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 392.26 570.30 Td (to ) Tj ET Q q 0 0 0 rg BT 403.91 570.30 Td (a ) Tj ET Q q 0 0 0 rg BT 412.78 570.30 Td (general ) Tj ET Q q 0 0 0 rg BT 449.46 570.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 493.90 570.30 Td (in ) Tj ET Q q 0 0 0 rg BT 505.00 570.30 Td (industry ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 558.30 Td (activity) Tj ET Q q 0 0 0 rg BT 101.82 558.30 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 540.30 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 112.79 540.30 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 153.57 540.30 Td (which ) Tj ET Q q 0 0 0 rg BT 181.02 540.30 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 214.58 540.30 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 250.15 540.30 Td ( ) Tj ET Q q 0 0 0 rg BT 252.02 540.30 Td (for ) Tj ET Q q 0 0 0 rg BT 265.57 540.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 298.03 540.30 Td (exchange ) Tj ET Q q 0 0 0 rg BT 343.28 540.30 Td (and ) Tj ET Q q 0 0 0 rg BT 361.84 540.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 393.73 540.30 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 455.08 540.30 Td (charges, ) Tj ET Q q 0 0 0 rg BT 495.32 540.30 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 514.98 540.30 Td ($33.3 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 528.30 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 100.34 528.30 Td ( ) Tj ET Q q 0 0 0 rg BT 103.42 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 114.28 528.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 131.26 528.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 147.37 528.30 Td ( ) Tj ET Q q 0 0 0 rg BT 150.45 528.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 185.22 528.30 Td (of ) Tj ET Q q 0 0 0 rg BT 196.63 528.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 221.96 528.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 269.51 528.30 Td (to ) Tj ET Q q 0 0 0 rg BT 280.93 528.30 Td ($26.6 ) Tj ET Q q 0 0 0 rg BT 309.03 528.30 Td (million ) Tj ET Q q 0 0 0 rg BT 340.45 528.30 Td (in ) Tj ET Q q 0 0 0 rg BT 351.31 528.30 Td (the ) Tj ET Q q 0 0 0 rg BT 368.29 528.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 396.95 528.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 431.71 528.30 Td (of ) Tj ET Q q 0 0 0 rg BT 443.13 528.30 Td (2019. ) Tj ET Q q 0 0 0 rg BT 471.03 528.30 Td (The ) Tj ET Q q 0 0 0 rg BT 491.34 528.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 532.22 528.30 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 516.30 Td (this ) Tj ET Q q 0 0 0 rg BT 89.75 516.30 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.63 516.30 Td (metric ) Tj ET Q q 0 0 0 rg BT 158.03 516.30 Td (was ) Tj ET Q q 0 0 0 rg BT 178.00 516.30 Td (mostly ) Tj ET Q q 0 0 0 rg BT 209.08 516.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 260.75 516.30 Td (to ) Tj ET Q q 0 0 0 rg BT 271.27 516.30 Td (the ) Tj ET Q q 0 0 0 rg BT 287.36 516.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 327.35 516.30 Td (in ) Tj ET Q q 0 0 0 rg BT 337.32 516.30 Td (segment ) Tj ET Q q 0 0 0 rg BT 377.86 516.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 404.50 516.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 428.92 516.30 Td (of ) Tj ET Q q 0 0 0 rg BT 439.44 516.30 Td (the ) Tj ET Q q 0 0 0 rg BT 455.53 516.30 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 500.53 516.30 Td (business ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 504.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 90.90 504.30 Td (of ) Tj ET Q q 0 0 0 rg BT 102.02 504.30 Td ($4.6 ) Tj ET Q q 0 0 0 rg BT 124.26 504.30 Td (million.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 486.30 Td (Funds ) Tj ET Q q 0 0 0 rg BT 102.94 486.30 Td (flow ) Tj ET Q q 0 0 0 rg BT 123.87 486.30 Td (from ) Tj ET Q q 0 0 0 rg BT 147.02 486.30 Td (operations ) Tj ET Q q 0 0 0 rg BT 196.87 486.30 Td (was ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 217.80 486.30 Td ($26.7 ) Tj ET Q q 0 0 0 rg BT 245.97 486.30 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 274.31 486.30 Td ( ) Tj ET Q q 0 0 0 rg BT 277.46 486.30 Td (in ) Tj ET Q q 0 0 0 rg BT 288.39 486.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.43 486.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 321.54 486.30 Td ( ) Tj ET Q q 0 0 0 rg BT 324.69 486.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 359.52 486.30 Td (of ) Tj ET Q q 0 0 0 rg BT 371.01 486.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 396.40 486.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 444.02 486.30 Td (to ) Tj ET Q q 0 0 0 rg BT 455.51 486.30 Td ($22.1 ) Tj ET Q q 0 0 0 rg BT 483.68 486.30 Td (million ) Tj ET Q q 0 0 0 rg BT 515.17 486.30 Td (in ) Tj ET Q q 0 0 0 rg BT 526.10 486.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 474.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 100.35 474.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 134.81 474.30 Td (of ) Tj ET Q q 0 0 0 rg BT 145.93 474.30 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 456.30 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 129.38 456.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 193.44 456.30 Td (was ) Tj ET Q q 0 0 0 rg BT 213.02 456.30 Td (a ) Tj ET Q q 0 0 0 rg BT 220.38 456.30 Td (recovery ) Tj ET Q q 0 0 0 rg BT 260.52 456.30 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 270.65 456.30 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 291.91 456.30 Td (million) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 320.25 456.30 Td ( ) Tj ET Q q 0 0 0 rg BT 322.05 456.30 Td (in ) Tj ET Q q 0 0 0 rg BT 331.63 456.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 347.32 456.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.43 456.30 Td ( ) Tj ET Q q 0 0 0 rg BT 365.23 456.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 398.71 456.30 Td (of ) Tj ET Q q 0 0 0 rg BT 408.84 456.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 432.88 456.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 479.15 456.30 Td (to ) Tj ET Q q 0 0 0 rg BT 489.28 456.30 Td (an ) Tj ET Q q 0 0 0 rg BT 502.20 456.30 Td (expense ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 444.30 Td (of ) Tj ET Q q 0 0 0 rg BT 83.12 444.30 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 105.36 444.30 Td (million ) Tj ET Q q 0 0 0 rg BT 136.48 444.30 Td (in ) Tj ET Q q 0 0 0 rg BT 147.04 444.30 Td (the ) Tj ET Q q 0 0 0 rg BT 163.72 444.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 192.07 444.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 226.53 444.30 Td (of ) Tj ET Q q 0 0 0 rg BT 237.65 444.30 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 426.30 Td (The ) Tj ET Q q 0 0 0 rg BT 91.94 426.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.45 426.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 179.63 426.30 Td (net ) Tj ET Q q 0 0 0 rg BT 196.24 426.30 Td (income ) Tj ET Q q 0 0 0 rg BT 231.19 426.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 283.38 426.30 Td (to ) Tj ET Q q 0 0 0 rg BT 294.43 426.30 Td (Pason ) Tj ET Q q 0 0 0 rg BT 325.49 426.30 Td (in ) Tj ET Q q 0 0 0 rg BT 335.98 426.30 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 352.60 426.30 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 368.70 426.30 Td ( ) Tj ET Q q 0 0 0 rg BT 371.41 426.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 405.81 426.30 Td (of ) Tj ET Q q 0 0 0 rg BT 416.86 426.30 Td (2020 ) Tj ET Q q 0 0 0 rg BT 441.82 426.30 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 452.87 426.30 Td ($16.9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 477.89 426.30 Td ( ) Tj ET Q q 0 0 0 rg BT 480.60 426.30 Td (million ) Tj ET Q q 0 0 0 rg BT 511.65 426.30 Td (\() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 514.98 426.30 Td ($0.20) Tj ET Q BT /F4 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 414.30 Td (per ) Tj ET Q q 0 0 0 rg BT 89.98 414.30 Td (share\) ) Tj ET Q q 0 0 0 rg BT 121.85 414.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 169.85 414.30 Td (to ) Tj ET Q q 0 0 0 rg BT 181.72 414.30 Td (net ) Tj ET Q q 0 0 0 rg BT 199.15 414.30 Td (income ) Tj ET Q q 0 0 0 rg BT 234.91 414.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 287.92 414.30 Td (to ) Tj ET Q q 0 0 0 rg BT 299.79 414.30 Td (Pason ) Tj ET Q q 0 0 0 rg BT 331.67 414.30 Td (of ) Tj ET Q q 0 0 0 rg BT 343.54 414.30 Td ($10.4 ) Tj ET Q q 0 0 0 rg BT 372.09 414.30 Td (million ) Tj ET Q q 0 0 0 rg BT 403.96 414.30 Td (\($0.12 ) Tj ET Q q 0 0 0 rg BT 435.84 414.30 Td (per ) Tj ET Q q 0 0 0 rg BT 453.82 414.30 Td (share\) ) Tj ET Q q 0 0 0 rg BT 485.70 414.30 Td (in ) Tj ET Q q 0 0 0 rg BT 497.01 414.30 Td (the ) Tj ET Q q 0 0 0 rg BT 514.44 414.30 Td (fourth ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 402.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 106.31 402.30 Td (of ) Tj ET Q q 0 0 0 rg BT 117.27 402.30 Td (2019. ) Tj ET Q q 0 0 0 rg BT 144.75 402.30 Td (The ) Tj ET Q q 0 0 0 rg BT 164.60 402.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 205.03 402.30 Td (is ) Tj ET Q q 0 0 0 rg BT 214.87 402.30 Td (mostly ) Tj ET Q q 0 0 0 rg BT 246.39 402.30 Td (attributable ) Tj ET Q q 0 0 0 rg BT 298.49 402.30 Td (to ) Tj ET Q q 0 0 0 rg BT 309.45 402.30 Td (the ) Tj ET Q q 0 0 0 rg BT 325.98 402.30 Td (increase ) Tj ET Q q 0 0 0 rg BT 366.40 402.30 Td (in ) Tj ET Q q 0 0 0 rg BT 376.80 402.30 Td (segment ) Tj ET Q q 0 0 0 rg BT 417.78 402.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 444.86 402.30 Td (profit ) Tj ET Q q 0 0 0 rg BT 469.71 402.30 Td (of ) Tj ET Q q 0 0 0 rg BT 480.68 402.30 Td (the ) Tj ET Q q 0 0 0 rg BT 497.20 402.30 Td (Canadian ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 390.30 Td (business ) Tj ET Q q 0 0 0 rg BT 114.25 390.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 133.15 390.30 Td (and ) Tj ET Q q 0 0 0 rg BT 152.61 390.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.29 390.30 Td (decrease ) Tj ET Q q 0 0 0 rg BT 213.21 390.30 Td (in ) Tj ET Q q 0 0 0 rg BT 223.77 390.30 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 280.46 390.30 Td (compensation.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (12 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 688.00 Td (Condensed Consolidated Interim Balance Sheets) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 674.5 m 319.5 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 654.5 m 319.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 674.5 m 359.5 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 654.5 m 359.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 674.5 m 449.5 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 654.5 m 449.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 674.5 m 539.5 674.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 654.5 m 539.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 654.5 m 319.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 654.5 m 359.5 654.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 558.5 m 319.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 558.5 m 539.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 558.5 m 319.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 546.5 m 319.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 558.5 m 359.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 546.5 m 359.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 558.5 m 449.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 546.5 m 449.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 558.5 m 539.5 558.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 546.5 m 539.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 546.5 m 319.5 546.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 498.5 m 319.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 486.5 m 319.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 498.5 m 359.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 486.5 m 359.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 498.5 m 449.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 486.5 m 449.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 498.5 m 539.5 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 486.5 m 539.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 474.5 m 319.5 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 474.5 m 359.5 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 474.5 m 449.5 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 486.5 m 539.5 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 474.5 m 539.5 474.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 378.5 m 359.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 378.5 m 449.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 378.5 m 539.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 378.5 m 319.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 366.5 m 319.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 378.5 m 359.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 366.5 m 359.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 378.5 m 449.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 366.5 m 449.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 378.5 m 539.5 378.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 366.5 m 539.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 366.5 m 319.5 366.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 306.5 m 359.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 306.5 m 449.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 306.5 m 539.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 306.5 m 319.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 294.5 m 319.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 306.5 m 359.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 294.5 m 359.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 306.5 m 449.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 294.5 m 449.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 306.5 m 539.5 306.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 294.5 m 539.5 294.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 222.5 m 319.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 222.5 m 359.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 222.5 m 449.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 222.5 m 539.5 222.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 198.5 m 319.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 186.5 m 319.5 186.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 198.5 m 359.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 186.5 m 359.5 186.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 198.5 m 449.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 186.5 m 449.5 186.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 198.5 m 539.5 198.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 186.5 m 539.5 186.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 174.5 m 319.5 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319.5 174.5 m 359.5 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 174.5 m 449.5 174.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 174.5 m 539.5 174.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 658.73 Td (As at) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 389.05 658.73 Td (March 31, 2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 465.70 658.73 Td (December 31, 2019) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 646.70 Td (\(CDN 000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 437.40 646.50 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 527.40 646.50 Td (\($\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 634.18 Td (Assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 622.18 Td (Current) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 610.18 Td (Cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 610.18 Td (170,330) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 610.23 Td (161,016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 598.18 Td (T) Tj ET Q q 0 0 0 rg BT 85.59 598.18 Td (rade and other receivables) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 598.23 Td (63,133) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 598.23 Td (59,716) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 586.18 Td (Income taxes recoverable - other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 586.23 Td (15,304) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 586.23 Td (15,304) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 574.18 Td (Prepaid expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 574.23 Td (2,645) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 574.23 Td (3,621) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 562.18 Td (Income taxes recoverable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.25 562.18 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 562.23 Td (2,382) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 550.18 Td (T) Tj ET Q q 0 0 0 rg BT 84.59 550.18 Td (otal current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 550.18 Td (251,412) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 550.23 Td (242,039) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 538.18 Td (Non-current) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 526.18 Td (Property) Tj ET Q q 0 0 0 rg BT 110.64 526.18 Td (, plant and equipment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 526.18 Td (120,201) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 526.23 Td (1) Tj ET Q q 0 0 0 rg BT 511.80 526.23 Td (18,522) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 514.18 Td (Investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 514.23 Td (26,510) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 514.23 Td (26,265) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 502.18 Td (Intangible assets and goodwill) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 502.23 Td (52,099) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 502.23 Td (51,015) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 490.18 Td (T) Tj ET Q q 0 0 0 rg BT 84.59 490.18 Td (otal non-current assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 490.18 Td (198,810) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 490.23 Td (195,802) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 478.18 Td (T) Tj ET Q q 0 0 0 rg BT 78.59 478.18 Td (otal assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 478.18 Td (450,222) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 478.23 Td (437,841) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 454.18 Td (Liabilities and equity) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 442.18 Td (Current) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 430.18 Td (T) Tj ET Q q 0 0 0 rg BT 85.59 430.18 Td (rade payables and accruals) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 430.23 Td (22,768) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 430.23 Td (34,420) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 418.18 Td (Income taxes payable) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 418.23 Td (5,556) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 418.23 Td (3,133) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 406.18 Td (Stock-based compensation liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 406.23 Td (2,257) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 406.23 Td (2,442) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 394.18 Td (Lease liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 394.23 Td (3,301) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 394.23 Td (3,275) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 382.18 Td (Investment - put option) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 382.23 Td (10,000) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 382.23 Td (15,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 370.18 Td (T) Tj ET Q q 0 0 0 rg BT 84.59 370.18 Td (otal current liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 370.23 Td (43,882) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 370.23 Td (58,270) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 358.18 Td (Non-current) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 346.18 Td (Deferred tax liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 346.23 Td (8,983) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 346.23 Td (8,566) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 334.18 Td (Lease liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 334.23 Td (1) Tj ET Q q 0 0 0 rg BT 426.25 334.23 Td (1,355) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 334.23 Td (1) Tj ET Q q 0 0 0 rg BT 516.25 334.23 Td (1,532) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 322.18 Td (Stock-based compensation liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 322.23 Td (2,882) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 322.23 Td (3,479) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 310.18 Td (Obligation under put option) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 310.23 Td (10,420) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 310.23 Td (9,540) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 80.00 298.18 Td (T) Tj ET Q q 0 0 0 rg BT 84.29 298.18 Td (otal non-current liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 298.23 Td (33,640) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 298.23 Td (33,1) Tj ET Q q 0 0 0 rg BT 527.37 298.23 Td (17) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 286.18 Td (Equity) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 274.18 Td (Share capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 274.18 Td (166,612) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 274.23 Td (166,701) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 262.18 Td (Share-based benefits reserve) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 262.23 Td (31,515) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 262.23 Td (30,863) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 250.18 Td (Foreign currency translation reserve) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 250.23 Td (81,758) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 250.23 Td (57,830) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 238.18 Td (Equity reserve) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 238.18 Td (\(8,375) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 238.18 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 238.23 Td (\(8,375) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 238.18 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 226.18 Td (Retained earnings) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 226.18 Td (101,968) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 226.23 Td (99,806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 214.18 Td (T) Tj ET Q q 0 0 0 rg BT 78.29 214.18 Td (otal equity attributable to equity holders of the Company) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 214.18 Td (373,478) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 214.23 Td (346,825) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 202.18 Td (Non-controlling interest) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 202.23 Td (\(778) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 202.18 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.25 202.23 Td (\(371) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 202.18 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 190.18 Td (T) Tj ET Q q 0 0 0 rg BT 78.29 190.18 Td (otal equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 190.18 Td (372,700) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 190.23 Td (346,454) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 178.18 Td (T) Tj ET Q q 0 0 0 rg BT 78.29 178.18 Td (otal liabilities and equity) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 178.18 Td (450,222) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 178.23 Td (437,841) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 27 0 obj <> endobj 28 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (13 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Condensed Consolidated Interim Statements of Operations) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 694.9 m 359.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 674.9 m 359.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 694.9 m 449.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 674.9 m 449.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 694.9 m 539.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 674.9 m 539.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 650.9 m 359.5 650.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 650.9 m 449.5 650.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 650.9 m 539.5 650.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 602.9 m 449.5 602.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 602.9 m 539.5 602.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 602.9 m 359.5 602.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 602.9 m 539.5 602.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 578.9 m 359.5 578.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 578.9 m 449.5 578.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 578.9 m 539.5 578.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 566.9 m 359.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 578.9 m 449.5 578.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 566.9 m 359.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 566.9 m 449.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 566.9 m 539.5 566.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 506.9 m 449.5 506.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 506.9 m 539.5 506.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 506.9 m 359.5 506.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 482.9 m 449.5 482.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 482.9 m 539.5 482.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 482.9 m 359.5 482.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 458.9 m 359.5 458.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 458.9 m 449.5 458.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 458.9 m 539.5 458.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 458.9 m 359.5 458.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 446.9 m 359.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 446.9 m 449.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 446.9 m 359.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 446.9 m 449.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 446.9 m 539.5 446.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 398.9 m 359.5 398.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 398.9 m 449.5 398.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 386.9 m 359.5 386.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 398.9 m 449.5 398.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 386.9 m 449.5 386.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 398.9 m 539.5 398.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 386.9 m 539.5 386.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 374.9 m 359.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 374.9 m 449.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 374.9 m 539.5 374.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 338.9 m 359.5 338.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 338.9 m 449.5 338.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 338.9 m 539.5 338.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 679.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.20 679.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.20 679.13 Td (2019) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 667.30 Td (\(CDN 000s, except per share data\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 437.40 666.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 527.40 666.90 Td (\($\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 654.58 Td (Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 654.63 Td (73,962) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 654.63 Td (82,143) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 642.58 Td (Operating expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 630.58 Td (Rental services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 630.63 Td (24,781) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 630.63 Td (26,794) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 618.58 Td (Local administration) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 618.63 Td (4,373) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 618.63 Td (3,31) Tj ET Q q 0 0 0 rg BT 531.82 618.63 Td (1) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 606.58 Td (Depreciation and amortization) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 606.63 Td (10,414) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 606.63 Td (10,222) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 594.63 Td (39,568) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 594.63 Td (40,327) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 570.58 Td (Gross profit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 570.63 Td (34,394) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 570.63 Td (41,816) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 558.58 Td (Other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 546.58 Td (Research and development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 546.63 Td (8,062) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 546.63 Td (7,744) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 534.58 Td (Corporate services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 534.63 Td (3,685) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 534.63 Td (3,653) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 522.58 Td (Stock-based compensation \(recovery\) expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 522.63 Td (\(122) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 522.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 522.63 Td (3,824) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 510.58 Td (Other expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 510.63 Td (\(806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 510.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 510.63 Td (158) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 498.63 Td (10,819) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 498.63 Td (15,379) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 474.58 Td (Income before income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 474.63 Td (23,575) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 474.63 Td (26,437) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 462.58 Td (Income tax provision) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 462.63 Td (7,023) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 462.63 Td (7,393) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 450.58 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 450.63 Td (16,552) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 450.63 Td (19,044) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 426.58 Td (Net income attributable to:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.00 414.58 Td (Shareholders of Pason) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 414.63 Td (16,919) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 414.63 Td (19,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.00 402.58 Td (Non-controlling interest) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 402.63 Td (\(367) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 402.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 523.30 402.58 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 390.58 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 390.63 Td (16,552) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 390.63 Td (19,044) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 366.58 Td (Income per share) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 355.88 Td (Basic) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.70 354.63 Td (0.20) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.70 354.63 Td (0.22) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 343.88 Td (Diluted) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.70 342.63 Td (0.20) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.70 342.63 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 311.30 Td (Condensed Consolidated Interim Statements of Other ) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 289.20 Td (Comprehensive Income) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 275.70000000000005 m 359.5 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 255.70000000000005 m 359.5 255.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 275.70000000000005 m 449.5 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 255.70000000000005 m 449.5 255.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 275.70000000000005 m 539.5 275.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 255.70000000000005 m 539.5 255.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 231.70000000000005 m 359.5 231.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 231.70000000000005 m 449.5 231.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 231.70000000000005 m 539.5 231.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 187.70000000000005 m 449.5 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 187.70000000000005 m 539.5 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 187.70000000000005 m 359.5 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 175.70000000000005 m 359.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 187.70000000000005 m 449.5 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 175.70000000000005 m 449.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 187.70000000000005 m 539.5 187.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 175.70000000000005 m 539.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 163.70000000000005 m 359.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 163.70000000000005 m 449.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 175.70000000000005 m 539.5 175.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 163.70000000000005 m 539.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 163.70000000000005 m 539.5 163.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 115.70000000000005 m 449.5 115.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 115.70000000000005 m 359.5 115.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 103.70000000000005 m 359.5 103.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 115.70000000000005 m 449.5 115.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 103.70000000000005 m 449.5 103.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 115.70000000000005 m 539.5 115.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 103.70000000000005 m 539.5 103.70000000000005 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 259.93 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.20 259.93 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.20 259.93 Td (2019) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 248.10 Td (\(CDN 000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 437.40 247.70 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 527.40 247.70 Td (\($\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 235.38 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 235.43 Td (16,552) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 235.43 Td (19,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 223.38 Td (Items that may be reclassified subsequently to net income:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.00 211.38 Td (T) Tj ET Q q 0 0 0 rg BT 84.44 211.38 Td (ax recovery on net investment in foreign operations related to an inter-) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.00 203.38 Td (company financing) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.25 203.93 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 203.98 Td (791) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 80.00 191.38 Td (Foreign currency translation adjustment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 191.43 Td (23,888) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 191.43 Td (\(7,526) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 191.38 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 179.38 Td (Other comprehensive gain \(loss\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 179.43 Td (23,888) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 179.43 Td (\(6,735) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 179.38 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 167.38 Td (T) Tj ET Q q 0 0 0 rg BT 78.59 167.38 Td (otal comprehensive income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 167.43 Td (40,440) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 167.43 Td (12,309) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 143.38 Td (T) Tj ET Q q 0 0 0 rg BT 78.59 143.38 Td (otal comprehensive income \(loss\) attributed to:) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 131.38 Td (Shareholders of Pason) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 131.43 Td (40,847) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 131.43 Td (12,309) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 119.38 Td (Non-controlling interest) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 119.43 Td (\(407) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 119.38 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.30 119.43 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 107.43 Td (40,440) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 107.43 Td (12,309) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 29 0 obj <> endobj 30 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (14 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Condensed Consolidated Interim Statements of Cash Flows) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 694.9 m 359.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 674.9 m 359.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 694.9 m 449.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 674.9 m 449.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 694.9 m 539.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 674.9 m 539.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 674.9 m 449.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 674.9 m 539.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 565.9 m 359.5 565.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 565.9 m 449.5 565.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 565.9 m 539.5 565.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 473.9 m 359.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 473.9 m 449.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 473.9 m 539.5 473.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 449.9 m 449.5 449.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 449.9 m 539.5 449.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 449.9 m 359.5 449.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 437.9 m 359.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 449.9 m 449.5 449.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 437.9 m 449.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 449.9 m 539.5 449.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 437.9 m 539.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 437.9 m 359.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 437.9 m 449.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 437.9 m 539.5 437.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 377.9 m 449.5 377.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 377.9 m 539.5 377.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 377.9 m 359.5 377.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 365.9 m 359.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 377.9 m 449.5 377.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 365.9 m 449.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 377.9 m 539.5 377.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 365.9 m 539.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 365.9 m 359.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 365.9 m 449.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 365.9 m 539.5 365.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 293.9 m 359.5 293.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 293.9 m 449.5 293.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 293.9 m 539.5 293.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 281.9 m 359.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 281.9 m 449.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 281.9 m 539.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 281.9 m 359.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 269.9 m 359.5 269.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 281.9 m 449.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 269.9 m 449.5 269.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 281.9 m 539.5 281.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 269.9 m 539.5 269.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 245.89999999999998 m 359.5 245.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 245.89999999999998 m 449.5 245.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 245.89999999999998 m 539.5 245.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 233.89999999999998 m 359.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 233.89999999999998 m 449.5 233.89999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 233.89999999999998 m 539.5 233.89999999999998 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 679.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.20 679.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.20 679.13 Td (2019) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 667.10 Td (\(CDN 000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 437.40 667.10 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 527.40 667.10 Td (\($\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 654.58 Td (Cash from \(used in\) operating activities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 642.58 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 642.63 Td (16,552) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 642.63 Td (19,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 630.58 Td (Adjustment for non-cash items:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 618.58 Td (Depreciation and amortization) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 618.63 Td (10,414) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 618.63 Td (10,222) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 606.58 Td (Stock-based compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 606.63 Td (\(122) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 606.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 606.63 Td (3,824) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 594.38 Td (Deferred income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 441.85 594.18 Td (7) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 594.18 Td (2,775) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 581.58 Td (Hyperinflationary adjustment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 581.63 Td (\(444) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 581.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 528.30 581.63 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 569.58 Td (Unrealized foreign exchange loss and other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.95 569.63 Td (315) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 527.40 569.58 Td (34) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 557.58 Td (Funds flow from operations) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 557.63 Td (26,722) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 557.63 Td (35,899) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 545.58 Td (Movements in non-cash working capital items:) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 533.58 Td (\(Increase\) in trade and other receivables) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 533.63 Td (\(360) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 533.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 533.63 Td (\(9,254) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 533.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 521.58 Td (Decrease in prepaid expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 521.63 Td (1,099) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 521.63 Td (279) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 509.58 Td (Increase in income taxes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 509.63 Td (6,631) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 509.63 Td (3,525) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 497.58 Td (\(Decrease\) in trade payables, accruals and stock-based compensation) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 489.58 Td (liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 490.13 Td (\(7,463) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 490.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 490.18 Td (\(6,998) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 490.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 477.58 Td (Ef) Tj ET Q q 0 0 0 rg BT 88.49 477.58 Td (fects of exchange rate changes) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.95 477.63 Td (497) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 524.70 477.63 Td (\(73) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 477.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 465.58 Td (Cash generated from operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 465.63 Td (27,126) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 511.80 465.63 Td (23,378) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 453.58 Td (Income tax paid) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 453.58 Td (\(1,533) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 453.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.15 453.58 Td (\(14,936) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 453.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 441.58 Td (Net cash from operating activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 441.63 Td (25,593) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 441.63 Td (8,442) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 429.58 Td (Cash flows from \(used in\) financing activities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 417.58 Td (Proceeds from issuance of common shares) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 438.25 417.58 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 417.63 Td (2,013) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 405.58 Td (Payment of dividends) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.15 405.58 Td (\(16,026) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 405.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.15 405.58 Td (\(15,439) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 405.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 393.58 Td (Repurchase and cancellation of shares under NCIB) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 393.58 Td (\(3,820) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 393.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 393.63 Td (\(2,022) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 393.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 381.58 Td (Repayment of lease liability) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 381.63 Td (\(585) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 381.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.25 381.63 Td (\(671) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 381.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 369.58 Td (Net cash used in financing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 419.15 369.58 Td (\(20,431) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 369.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.15 369.58 Td (\(16,1) Tj ET Q q 0 0 0 rg BT 527.38 369.58 Td (19) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 369.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 357.58 Td (Cash flows \(used in\) from investing activities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 345.58 Td (Payment on investment - put option) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 345.58 Td (\(5,000) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 345.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.30 345.63 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 333.58 Td (Additions to property) Tj ET Q q 0 0 0 rg BT 153.78 333.58 Td (, plant and equipment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 333.58 Td (\(2,666) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 333.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 333.63 Td (\(9,749) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 333.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 321.58 Td (Development costs) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 321.63 Td (\(422) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 321.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.25 321.63 Td (\(568) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 321.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 310.13 Td (Proceeds on disposal of investment and property) Tj ET Q q 0 0 0 rg BT 253.84 310.13 Td (, plant and equipment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.95 309.63 Td (414) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 309.63 Td (1) Tj ET Q q 0 0 0 rg BT 527.40 309.63 Td (10) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 81.00 297.58 Td (Changes in non-cash working capital) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 437.40 297.58 Td (16) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 516.25 297.63 Td (2,150) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 285.58 Td (Net cash used in investing activities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 423.55 285.58 Td (\(7,658) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 285.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 285.63 Td (\(8,057) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 285.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 273.58 Td (Ef) Tj ET Q q 0 0 0 rg BT 81.41 273.58 Td (fect of exchange rate on cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 421.80 273.63 Td (1) Tj ET Q q 0 0 0 rg BT 426.25 273.63 Td (1,810) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 513.60 273.63 Td (\(4,173) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 273.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 261.58 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 426.25 261.63 Td (9,314) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 509.15 261.58 Td (\(19,907) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 261.58 Td (\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 249.58 Td (Cash and cash equivalents, beginning of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 249.58 Td (161,016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 249.63 Td (203,838) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 237.58 Td (Cash and cash equivalents, end of period) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 417.30 237.58 Td (170,330) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 507.35 237.63 Td (183,931) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 31 0 obj <> endobj 32 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (15 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Operating Segments) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 693.40 Td (The ) Tj ET Q q 0 0 0 rg BT 91.88 693.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.32 693.40 Td (operates ) Tj ET Q q 0 0 0 rg BT 178.88 693.40 Td (in ) Tj ET Q q 0 0 0 rg BT 189.31 693.40 Td (three ) Tj ET Q q 0 0 0 rg BT 214.75 693.40 Td (geographic ) Tj ET Q q 0 0 0 rg BT 266.88 693.40 Td (segments: ) Tj ET Q q 0 0 0 rg BT 315.66 693.40 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 356.11 693.40 Td (the ) Tj ET Q q 0 0 0 rg BT 372.66 693.40 Td (United ) Tj ET Q q 0 0 0 rg BT 404.21 693.40 Td (States, ) Tj ET Q q 0 0 0 rg BT 437.98 693.40 Td (and ) Tj ET Q q 0 0 0 rg BT 457.31 693.40 Td (International ) Tj ET Q q 0 0 0 rg BT 515.00 693.40 Td (\(Latin ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 681.40 Td (America, ) Tj ET Q q 0 0 0 rg BT 116.54 681.40 Td (Of) Tj ET Q q 0 0 0 rg BT 126.91 681.40 Td (fshore, ) Tj ET Q q 0 0 0 rg BT 162.57 681.40 Td (the ) Tj ET Q q 0 0 0 rg BT 181.55 681.40 Td (Eastern ) Tj ET Q q 0 0 0 rg BT 221.10 681.40 Td (Hemisphere, ) Tj ET Q q 0 0 0 rg BT 282.87 681.40 Td (and ) Tj ET Q q 0 0 0 rg BT 304.64 681.40 Td (the ) Tj ET Q q 0 0 0 rg BT 323.62 681.40 Td (Middle ) Tj ET Q q 0 0 0 rg BT 358.16 681.40 Td (East\). ) Tj ET Q q 0 0 0 rg BT 389.03 681.40 Td (The ) Tj ET Q q 0 0 0 rg BT 411.35 681.40 Td (following ) Tj ET Q q 0 0 0 rg BT 455.34 681.40 Td (table ) Tj ET Q q 0 0 0 rg BT 482.11 681.40 Td (represents ) Tj ET Q q 0 0 0 rg BT 534.44 681.40 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 669.40 Td (disaggregation ) Tj ET Q q 0 0 0 rg BT 142.26 669.40 Td (of ) Tj ET Q q 0 0 0 rg BT 155.26 669.40 Td (revenue ) Tj ET Q q 0 0 0 rg BT 196.06 669.40 Td (from ) Tj ET Q q 0 0 0 rg BT 220.71 669.40 Td (contracts ) Tj ET Q q 0 0 0 rg BT 265.94 669.40 Td (with ) Tj ET Q q 0 0 0 rg BT 288.38 669.40 Td (customers ) Tj ET Q q 0 0 0 rg BT 339.16 669.40 Td (along ) Tj ET Q q 0 0 0 rg BT 368.29 669.40 Td (with ) Tj ET Q q 0 0 0 rg BT 390.73 669.40 Td (the ) Tj ET Q q 0 0 0 rg BT 409.29 669.40 Td (reportable ) Tj ET Q q 0 0 0 rg BT 458.98 669.40 Td (segment ) Tj ET Q q 0 0 0 rg BT 501.99 669.40 Td (for ) Tj ET Q q 0 0 0 rg BT 518.32 669.40 Td (each ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 657.40 Td (category:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 640.9 m 247 640.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 640.9 m 317 640.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 620.9 m 317 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 640.9 m 387 640.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 620.9 m 387 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 640.9 m 457 640.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 620.9 m 457 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 640.9 m 527 640.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 620.9 m 527 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 620.9 m 247 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 620.9 m 387 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 620.9 m 457 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 620.9 m 527 620.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 536.9 m 317 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 536.9 m 387 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 536.9 m 457 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 536.9 m 247 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 524.9 m 247 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 536.9 m 317 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 524.9 m 317 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 536.9 m 387 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 524.9 m 387 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 536.9 m 457 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 524.9 m 457 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 536.9 m 527 536.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 524.9 m 317 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 524.9 m 387 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 524.9 m 457 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 524.9 m 527 524.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 500.9 m 247 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 500.9 m 317 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 500.9 m 387 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 500.9 m 457 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 500.9 m 527 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 500.9 m 247 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 488.9 m 247 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 500.9 m 317 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 488.9 m 317 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 500.9 m 387 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 488.9 m 387 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 500.9 m 457 500.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 488.9 m 457 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 488.9 m 527 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 488.9 m 247 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 488.9 m 317 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 488.9 m 387 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 488.9 m 457 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 488.9 m 527 488.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 428.9 m 247 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 428.9 m 317 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 428.9 m 387 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 428.9 m 457 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 428.9 m 527 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 428.9 m 247 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 416.9 m 247 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 428.9 m 317 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 416.9 m 317 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 428.9 m 387 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 428.9 m 457 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 416.9 m 457 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 428.9 m 527 428.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 416.9 m 527 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 416.9 m 247 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 404.9 m 247 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 416.9 m 317 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 404.9 m 317 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 416.9 m 387 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 404.9 m 387 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 416.9 m 457 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 404.9 m 457 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 416.9 m 527 416.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 404.9 m 527 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 404.9 m 247 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 392.9 m 247 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 404.9 m 317 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 392.9 m 317 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 404.9 m 387 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 392.9 m 387 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 404.9 m 457 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 392.9 m 457 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 404.9 m 527 404.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 392.9 m 527 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 392.9 m 247 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 380.9 m 247 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 392.9 m 317 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 380.9 m 317 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 392.9 m 387 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 380.9 m 387 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 392.9 m 457 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 380.9 m 457 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 392.9 m 527 392.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 380.9 m 527 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 380.9 m 247 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 368.9 m 247 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 380.9 m 317 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 368.9 m 317 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 380.9 m 387 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 368.9 m 387 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 380.9 m 457 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 368.9 m 457 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 380.9 m 527 380.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 368.9 m 527 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 368.9 m 247 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 356.9 m 247 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 368.9 m 317 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 356.9 m 317 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 368.9 m 387 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 356.9 m 387 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 368.9 m 457 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 356.9 m 457 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 368.9 m 527 368.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 356.9 m 527 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 356.9 m 247 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 344.9 m 247 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 356.9 m 317 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 344.9 m 317 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 356.9 m 387 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 344.9 m 387 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 356.9 m 457 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 344.9 m 457 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 356.9 m 527 356.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 344.9 m 527 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 344.9 m 247 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 332.9 m 247 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 344.9 m 317 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 332.9 m 317 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 344.9 m 387 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 332.9 m 387 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 344.9 m 457 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 332.9 m 457 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 344.9 m 527 344.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 332.9 m 527 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 332.9 m 247 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 320.9 m 247 320.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 332.9 m 317 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 320.9 m 317 320.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 332.9 m 387 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 320.9 m 387 320.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 332.9 m 457 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 320.9 m 457 320.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 332.9 m 527 332.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 320.9 m 527 320.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.50 625.13 Td (Three Months Ended March 31, 2020) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 279.60 625.13 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.35 625.13 Td (United States) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.45 625.13 Td (International) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.95 625.13 Td (T) Tj ET Q q 0 0 0 rg BT 504.24 625.13 Td (otal) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 86.50 613.10 Td (\(CDN 000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 299.90 613.10 Td (\($\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 369.90 613.10 Td (\($\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 613.10 Td (\($\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 509.90 613.10 Td (\($\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 600.58 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 588.58 Td (Drilling Data) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 588.63 Td (8,457) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 588.63 Td (24,710) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 588.63 Td (5,504) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 588.63 Td (38,671) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 576.58 Td (Mud Management and Safety) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 576.63 Td (5,081) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 576.63 Td (14,083) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 576.63 Td (2,233) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 576.63 Td (21,397) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 564.58 Td (Communications) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 564.63 Td (2,355) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.75 564.63 Td (2,274) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.45 564.63 Td (449) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 564.63 Td (5,078) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 552.58 Td (Drilling Intelligence) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 552.63 Td (2,977) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.75 552.63 Td (2,1) Tj ET Q q 0 0 0 rg BT 374.87 552.63 Td (17) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.45 552.63 Td (301) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 552.63 Td (5,395) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 540.58 Td (Analytics and Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 300.45 540.58 Td (856) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.75 540.63 Td (1,803) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.45 540.63 Td (762) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 540.63 Td (3,421) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 528.58 Td (T) Tj ET Q q 0 0 0 rg BT 90.50 528.58 Td (otal Revenue) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.30 528.63 Td (19,726) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 528.63 Td (44,987) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 528.63 Td (9,249) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 528.63 Td (73,962) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 516.58 Td (Rental services and local administration) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 516.63 Td (5,819) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 516.63 Td (18,052) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 516.63 Td (5,283) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 516.63 Td (29,154) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 504.58 Td (Depreciation and amortization) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 504.63 Td (4,796) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.75 504.63 Td (4,579) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 504.63 Td (1,039) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 504.63 Td (10,414) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 492.58 Td (Segment gross profit) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 492.63 Td (9,1) Tj ET Q q 0 0 0 rg BT 304.87 492.63 Td (1) Tj ET Q q 0 0 0 rg BT 309.32 492.63 Td (1) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 492.63 Td (22,356) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 492.63 Td (2,927) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 492.63 Td (34,394) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 480.58 Td (Research and development) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 480.63 Td (8,062) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 468.58 Td (Corporate services) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 468.63 Td (3,685) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 456.58 Td (Stock-based compensation) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.75 456.63 Td (\(122) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.80 456.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 444.58 Td (Other expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 507.75 444.63 Td (\(806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 523.80 444.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 432.58 Td (Income tax expense) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 432.63 Td (7,023) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 420.58 Td (Net income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 420.63 Td (16,552) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 408.58 Td (Net income attributable to Pason) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 408.63 Td (16,919) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 396.58 Td (Capital expenditures) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 396.63 Td (2,054) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 370.45 396.63 Td (684) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 440.45 396.63 Td (350) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 503.75 396.63 Td (3,088) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.50 384.58 Td (As at March 31, 2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 372.58 Td (Property plant and equipment) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.30 372.63 Td (38,941) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 372.63 Td (65,791) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.30 372.63 Td (15,469) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.85 372.63 Td (120,201) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 360.58 Td (Intangible assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.30 360.63 Td (13,688) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 363.75 360.63 Td (2,390) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 445.80 360.63 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 360.63 Td (16,078) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 348.58 Td (Goodwill) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 293.75 348.63 Td (1,259) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 348.63 Td (32,162) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 348.63 Td (2,600) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 348.63 Td (36,021) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 336.58 Td (Segment assets) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.30 336.63 Td (95,229) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 354.80 336.58 Td (298,522) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 429.30 336.63 Td (56,471) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 494.85 336.63 Td (450,222) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 324.58 Td (Segment liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 289.30 324.63 Td (32,821) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 359.30 324.63 Td (38,774) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 433.75 324.63 Td (5,927) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.30 324.63 Td (77,522) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 33 0 obj <> endobj 34 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (16 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 719.5 m 247 719.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 719.5 m 317 719.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 699.5 m 317 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 719.5 m 387 719.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 699.5 m 387 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 719.5 m 457 719.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 699.5 m 457 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 719.5 m 527 719.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 699.5 m 527 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 699.5 m 247 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 699.5 m 387 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 699.5 m 457 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 699.5 m 527 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 615.5 m 317 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 615.5 m 387 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 615.5 m 457 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 615.5 m 247 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 603.5 m 247 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 615.5 m 317 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 603.5 m 317 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 615.5 m 387 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 603.5 m 387 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 615.5 m 457 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 603.5 m 457 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 615.5 m 527 615.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 603.5 m 247 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 603.5 m 317 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 603.5 m 387 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 603.5 m 457 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 603.5 m 527 603.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 579.5 m 247 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 579.5 m 317 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 579.5 m 387 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 579.5 m 457 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 579.5 m 527 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 579.5 m 247 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 567.5 m 247 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 579.5 m 317 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 567.5 m 317 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 579.5 m 387 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 567.5 m 387 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 579.5 m 457 579.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 567.5 m 457 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 567.5 m 527 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 567.5 m 247 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 567.5 m 317 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 567.5 m 387 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 567.5 m 457 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 567.5 m 527 567.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 507.5 m 247 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 507.5 m 317 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 507.5 m 387 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 507.5 m 457 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 507.5 m 527 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 507.5 m 247 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 495.5 m 247 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 507.5 m 317 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 495.5 m 317 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 507.5 m 387 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 507.5 m 457 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 495.5 m 457 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 507.5 m 527 507.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 495.5 m 527 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 495.5 m 247 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 483.5 m 247 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 495.5 m 317 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 483.5 m 317 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 495.5 m 387 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 483.5 m 387 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 495.5 m 457 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 483.5 m 457 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 495.5 m 527 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 483.5 m 527 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 483.5 m 247 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 471.5 m 247 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 483.5 m 317 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 471.5 m 317 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 483.5 m 387 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 471.5 m 387 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 483.5 m 457 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 471.5 m 457 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 483.5 m 527 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 471.5 m 527 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 471.5 m 247 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 459.5 m 247 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 471.5 m 317 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 459.5 m 317 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 471.5 m 387 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 459.5 m 387 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 471.5 m 457 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 459.5 m 457 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 471.5 m 527 471.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 459.5 m 527 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 459.5 m 247 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 447.5 m 247 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 459.5 m 317 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 447.5 m 317 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 459.5 m 387 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 447.5 m 387 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 459.5 m 457 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 447.5 m 457 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 459.5 m 527 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 447.5 m 527 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 447.5 m 247 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 435.5 m 247 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 447.5 m 317 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 435.5 m 317 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 447.5 m 387 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 435.5 m 387 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 447.5 m 457 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 435.5 m 457 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 447.5 m 527 447.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 435.5 m 527 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 435.5 m 247 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 423.5 m 247 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 435.5 m 317 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 423.5 m 317 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 435.5 m 387 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 423.5 m 387 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 435.5 m 457 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 423.5 m 457 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 435.5 m 527 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 423.5 m 527 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 423.5 m 247 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 411.5 m 247 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 423.5 m 317 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 411.5 m 317 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 423.5 m 387 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 411.5 m 387 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 423.5 m 457 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 411.5 m 457 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 423.5 m 527 423.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 411.5 m 527 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 411.5 m 247 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 84 399.5 m 247 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 411.5 m 317 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247 399.5 m 317 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 411.5 m 387 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317 399.5 m 387 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 411.5 m 457 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 387 399.5 m 457 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 411.5 m 527 411.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457 399.5 m 527 399.5 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.50 703.73 Td (Y) Tj ET Q q 0 0 0 rg BT 91.39 703.73 Td (ear Ended March 31, 2019) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 279.60 703.73 Td (Canada) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 327.35 703.73 Td (United States) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 400.45 703.73 Td (International) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 499.95 703.73 Td (T) Tj ET Q q 0 0 0 rg BT 504.24 703.73 Td (otal) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 86.50 691.70 Td (\(CDN 000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 299.90 691.70 Td (\($\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 369.90 691.70 Td (\($\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 439.90 691.70 Td (\($\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 509.90 691.70 Td (\($\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 679.18 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 667.18 Td (Drilling Data) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 667.23 Td (8,092) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.30 667.23 Td (29,176) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.75 667.23 Td (5,985) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 667.23 Td (43,253) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 655.18 Td (Mud Management and Safety) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 655.23 Td (4,683) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.30 655.23 Td (17,217) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.75 655.23 Td (1,774) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 655.23 Td (23,674) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 643.18 Td (Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 643.23 Td (2,292) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 643.23 Td (3,229) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.45 643.23 Td (436) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 503.75 643.23 Td (5,957) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 631.18 Td (Drilling Intelligence) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 631.23 Td (2,490) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 631.23 Td (3,152) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.45 631.23 Td (331) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 503.75 631.23 Td (5,973) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 93.50 619.18 Td (Analytics and Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 300.45 619.18 Td (956) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 619.23 Td (1,691) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.45 619.23 Td (639) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 503.75 619.23 Td (3,286) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 607.18 Td (T) Tj ET Q q 0 0 0 rg BT 90.50 607.18 Td (otal Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.30 607.23 Td (18,513) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.30 607.23 Td (54,465) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.75 607.23 Td (9,165) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 607.23 Td (82,143) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 595.18 Td (Rental services and local administration) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 595.23 Td (5,709) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.30 595.23 Td (19,090) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.75 595.23 Td (5,306) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 595.23 Td (30,105) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 583.18 Td (Depreciation and amortization) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 583.23 Td (4,555) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 583.23 Td (4,774) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.45 583.23 Td (893) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 583.23 Td (10,222) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 571.18 Td (Segment gross profit) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 571.23 Td (8,249) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.30 571.23 Td (30,601) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.75 571.23 Td (2,966) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 571.23 Td (41,816) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 559.18 Td (Research and development) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 503.75 559.23 Td (7,744) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 547.18 Td (Corporate services) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 503.75 547.23 Td (3,653) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 535.18 Td (Stock-based compensation) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 503.75 535.23 Td (3,824) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 523.18 Td (Other expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 510.45 523.23 Td (158) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 511.18 Td (Income tax expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 503.75 511.23 Td (7,393) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 499.18 Td (Net income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 499.23 Td (19,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 487.18 Td (Net income attributable to Pason) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 487.23 Td (19,044) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 475.18 Td (Capital expenditures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 300.45 475.18 Td (904) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 475.23 Td (8,782) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 440.45 475.23 Td (631) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 475.23 Td (10,317) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 86.50 463.18 Td (As at March 31, 2019) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 451.18 Td (Property plant and equipment) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.30 451.23 Td (42,624) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.30 451.23 Td (71,960) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 429.30 451.23 Td (14,734) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.85 451.23 Td (129,318) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 439.18 Td (Intangible assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.30 439.23 Td (18,978) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 375.80 439.23 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 445.80 439.23 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 439.23 Td (18,978) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 427.18 Td (Goodwill) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 293.75 427.23 Td (1,259) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 363.75 427.23 Td (7,625) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.75 427.23 Td (2,600) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 427.23 Td (1) Tj ET Q q 0 0 0 rg BT 503.75 427.23 Td (1,484) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 415.18 Td (Segment assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 284.85 415.18 Td (109,912) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 354.80 415.18 Td (294,585) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 429.30 415.23 Td (51,536) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 494.85 415.23 Td (456,033) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 86.50 403.18 Td (Segment liabilities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.30 403.23 Td (39,725) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 359.30 403.23 Td (25,285) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 433.75 403.23 Td (4,990) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 499.30 403.23 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 35 0 obj <> endobj 36 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (17 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Other ) Tj ET Q q 0 0 0 rg BT 119.12 708.40 Td (Expenses) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 694.9 m 359.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 674.9 m 359.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 694.9 m 449.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 674.9 m 449.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 694.9 m 539.5 694.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 674.9 m 539.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 674.9 m 359.5 674.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 590.9 m 359.5 590.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 590.9 m 449.5 590.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 590.9 m 539.5 590.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 71.5 578.9 m 359.5 578.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 578.9 m 449.5 578.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 578.9 m 539.5 578.9 l s BT /F3 8.00 Tf ET q 0 0 0 rg BT 74.00 679.13 Td (Three Months Ended March 31,) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 428.20 679.13 Td (2020) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 518.20 679.13 Td (2019) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 74.00 667.10 Td (\(CDN 000s\) \(unaudited\)) Tj ET Q BT /F3 7.00 Tf ET q 0 0 0 rg BT 437.40 666.90 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 527.40 666.90 Td (\($\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 654.58 Td (Foreign exchange \(gain\) loss) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 434.70 654.63 Td (\(47) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 654.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 654.63 Td (101) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 642.58 Td (Net interest expense - lease liabilities) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.95 642.63 Td (178) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 642.63 Td (137) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 630.58 Td (Interest income - short term investments) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 630.63 Td (\(576) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 630.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.25 630.63 Td (\(185) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 630.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 618.58 Td (Net monetary gain) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 618.63 Td (\(419) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 618.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 528.30 618.63 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 606.58 Td (Equity income) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 606.63 Td (\(244) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 606.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 520.25 606.63 Td (\(158) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 536.30 606.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 594.58 Td (Other) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 432.95 594.63 Td (302) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 594.63 Td (263) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 74.00 582.58 Td (Other expenses) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 430.25 582.63 Td (\(806) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 446.30 582.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 522.95 582.63 Td (158) Tj ET Q BT /F1 10.00 Tf ET BT /F3 16.00 Tf ET q 0 0 0 rg BT 72.00 551.20 Td (Events ) Tj ET Q q 0 0 0 rg BT 128.32 551.20 Td (After the Reporting Period) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 536.20 Td (On ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 88.44 536.20 Td (April30, ) Tj ET Q q 0 0 0 rg BT 129.00 536.20 Td (2020) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 151.25 536.20 Td (, ) Tj ET Q q 0 0 0 rg BT 157.90 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 175.68 536.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.35 536.20 Td (announced ) Tj ET Q q 0 0 0 rg BT 275.72 536.20 Td (a ) Tj ET Q q 0 0 0 rg BT 285.15 536.20 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 327.93 536.20 Td (dividend ) Tj ET Q q 0 0 0 rg BT 369.06 536.20 Td (of ) Tj ET Q q 0 0 0 rg BT 381.27 536.20 Td ($0.19 ) Tj ET Q q 0 0 0 rg BT 410.17 536.20 Td (per ) Tj ET Q q 0 0 0 rg BT 428.50 536.20 Td (share ) Tj ET Q q 0 0 0 rg BT 457.39 536.20 Td (on ) Tj ET Q q 0 0 0 rg BT 472.39 536.20 Td (the ) Tj ET Q q 0 0 0 rg BT 490.16 536.20 Td (Company) Tj ET Q q 0 0 0 rg BT 535.00 536.20 Td (s ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 524.20 Td (common ) Tj ET Q q 0 0 0 rg BT 112.10 524.20 Td (shares. ) Tj ET Q q 0 0 0 rg BT 146.54 524.20 Td (The ) Tj ET Q q 0 0 0 rg BT 165.53 524.20 Td (dividend ) Tj ET Q q 0 0 0 rg BT 204.54 524.20 Td (will ) Tj ET Q q 0 0 0 rg BT 220.18 524.20 Td (be ) Tj ET Q q 0 0 0 rg BT 233.07 524.20 Td (paid ) Tj ET Q q 0 0 0 rg BT 253.73 524.20 Td (on ) Tj ET Q q 0 0 0 rg BT 266.61 524.20 Td (June ) Tj ET Q q 0 0 0 rg BT 290.05 524.20 Td (29, ) Tj ET Q q 0 0 0 rg BT 305.71 524.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 329.72 524.20 Td (to ) Tj ET Q q 0 0 0 rg BT 339.82 524.20 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 399.39 524.20 Td (of ) Tj ET Q q 0 0 0 rg BT 409.49 524.20 Td (record ) Tj ET Q q 0 0 0 rg BT 439.59 524.20 Td (at ) Tj ET Q q 0 0 0 rg BT 449.69 524.20 Td (the ) Tj ET Q q 0 0 0 rg BT 465.35 524.20 Td (close ) Tj ET Q q 0 0 0 rg BT 490.45 524.20 Td (of ) Tj ET Q q 0 0 0 rg BT 500.55 524.20 Td (business ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 512.20 Td (on ) Tj ET Q q 0 0 0 rg BT 85.90 512.20 Td (June ) Tj ET Q q 0 0 0 rg BT 110.36 512.20 Td (15, ) Tj ET Q q 0 0 0 rg BT 127.04 512.20 Td (2020.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 494.20 Td (In ) Tj ET Q q 0 0 0 rg BT 82.37 494.20 Td (April ) Tj ET Q q 0 0 0 rg BT 104.91 494.20 Td (2020, ) Tj ET Q q 0 0 0 rg BT 132.47 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 148.91 494.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.24 494.20 Td (entered ) Tj ET Q q 0 0 0 rg BT 230.69 494.20 Td (into ) Tj ET Q q 0 0 0 rg BT 249.35 494.20 Td (an ) Tj ET Q q 0 0 0 rg BT 263.01 494.20 Td (agreement ) Tj ET Q q 0 0 0 rg BT 313.35 494.20 Td (to ) Tj ET Q q 0 0 0 rg BT 324.23 494.20 Td (terminate ) Tj ET Q q 0 0 0 rg BT 368.45 494.20 Td (the ) Tj ET Q q 0 0 0 rg BT 384.89 494.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 411.33 494.20 Td (at ) Tj ET Q q 0 0 0 rg BT 422.21 494.20 Td (its ) Tj ET Q q 0 0 0 rg BT 434.74 494.20 Td (previous ) Tj ET Q q 0 0 0 rg BT 475.07 494.20 Td (US ) Tj ET Q q 0 0 0 rg BT 491.50 494.20 Td (head ) Tj ET Q q 0 0 0 rg BT 516.28 494.20 Td (of) Tj ET Q q 0 0 0 rg BT 524.44 494.20 Td (fice ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 482.20 Td (in ) Tj ET Q q 0 0 0 rg BT 81.62 482.20 Td (Golden, ) Tj ET Q q 0 0 0 rg BT 118.48 482.20 Td (Colorado. ) Tj ET Q q 0 0 0 rg BT 163.55 482.20 Td (The ) Tj ET Q q 0 0 0 rg BT 182.62 482.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 227.25 482.20 Td (anticipates ) Tj ET Q q 0 0 0 rg BT 276.89 482.20 Td (that ) Tj ET Q q 0 0 0 rg BT 295.40 482.20 Td (in ) Tj ET Q q 0 0 0 rg BT 305.02 482.20 Td (the ) Tj ET Q q 0 0 0 rg BT 320.75 482.20 Td (second ) Tj ET Q q 0 0 0 rg BT 354.83 482.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 388.35 482.20 Td (of ) Tj ET Q q 0 0 0 rg BT 398.53 482.20 Td (2020 ) Tj ET Q q 0 0 0 rg BT 422.61 482.20 Td (it ) Tj ET Q q 0 0 0 rg BT 429.44 482.20 Td (will ) Tj ET Q q 0 0 0 rg BT 445.16 482.20 Td (recognize ) Tj ET Q q 0 0 0 rg BT 490.36 482.20 Td ($5.8 ) Tj ET Q q 0 0 0 rg BT 511.65 482.20 Td (million ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 470.20 Td (in ) Tj ET Q q 0 0 0 rg BT 82.49 470.20 Td (other ) Tj ET Q q 0 0 0 rg BT 107.99 470.20 Td (income, ) Tj ET Q q 0 0 0 rg BT 145.71 470.20 Td (which ) Tj ET Q q 0 0 0 rg BT 173.98 470.20 Td (is ) Tj ET Q q 0 0 0 rg BT 183.91 470.20 Td (comprised ) Tj ET Q q 0 0 0 rg BT 232.75 470.20 Td (of ) Tj ET Q q 0 0 0 rg BT 243.79 470.20 Td (the ) Tj ET Q q 0 0 0 rg BT 260.40 470.20 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 323.15 470.20 Td (of ) Tj ET Q q 0 0 0 rg BT 334.20 470.20 Td (the ) Tj ET Q q 0 0 0 rg BT 350.81 470.20 Td (previous ) Tj ET Q q 0 0 0 rg BT 391.31 470.20 Td (recorded ) Tj ET Q q 0 0 0 rg BT 433.48 470.20 Td (onerous ) Tj ET Q q 0 0 0 rg BT 472.33 470.20 Td (lease ) Tj ET Q q 0 0 0 rg BT 498.94 470.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 531.66 470.20 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 458.20 Td ($6.3 ) Tj ET Q q 0 0 0 rg BT 94.24 458.20 Td (million, ) Tj ET Q q 0 0 0 rg BT 128.14 458.20 Td (of) Tj ET Q q 0 0 0 rg BT 136.30 458.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 155.19 458.20 Td (by ) Tj ET Q q 0 0 0 rg BT 168.53 458.20 Td (the ) Tj ET Q q 0 0 0 rg BT 185.21 458.20 Td (termination ) Tj ET Q q 0 0 0 rg BT 237.46 458.20 Td (payment.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (18 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 18.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.32941176470588235 0.37254901960784315 rg BT 72.00 706.90 Td (First) Tj ET Q BT /F3 18.00 Tf ET q 0 0.32941176470588235 0.37254901960784315 rg BT 111.01 706.90 Td ( Quarter Conference Call) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 688.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 106.59 688.90 Td (will ) Tj ET Q q 0 0 0 rg BT 126.72 688.90 Td (be ) Tj ET Q q 0 0 0 rg BT 144.08 688.90 Td (conducting ) Tj ET Q q 0 0 0 rg BT 198.69 688.90 Td (a ) Tj ET Q q 0 0 0 rg BT 210.49 688.90 Td (conference ) Tj ET Q q 0 0 0 rg BT 266.21 688.90 Td (call ) Tj ET Q q 0 0 0 rg BT 287.46 688.90 Td (for ) Tj ET Q q 0 0 0 rg BT 305.37 688.90 Td (interested ) Tj ET Q q 0 0 0 rg BT 355.52 688.90 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 401.22 688.90 Td (brokers, ) Tj ET Q q 0 0 0 rg BT 443.59 688.90 Td (investors ) Tj ET Q q 0 0 0 rg BT 489.84 688.90 Td (and ) Tj ET Q q 0 0 0 rg BT 512.77 688.90 Td (media ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 676.90 Td (representatives ) Tj ET Q q 0 0 0 rg BT 142.64 676.90 Td (to ) Tj ET Q q 0 0 0 rg BT 153.26 676.90 Td (review ) Tj ET Q q 0 0 0 rg BT 184.43 676.90 Td (its ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 196.70 676.90 Td (first) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 212.81 676.90 Td ( ) Tj ET Q q 0 0 0 rg BT 215.08 676.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 249.04 676.90 Td (2020 ) Tj ET Q q 0 0 0 rg BT 273.56 676.90 Td (results ) Tj ET Q q 0 0 0 rg BT 305.29 676.90 Td (at ) Tj ET Q q 0 0 0 rg BT 315.90 676.90 Td (9:00 ) Tj ET Q q 0 0 0 rg BT 337.63 676.90 Td (am ) Tj ET Q q 0 0 0 rg BT 353.80 676.90 Td (\(Calgary ) Tj ET Q q 0 0 0 rg BT 393.86 676.90 Td (time\) ) Tj ET Q q 0 0 0 rg BT 418.36 676.90 Td (on ) Tj ET Q q 0 0 0 rg BT 431.75 676.90 Td (Friday) Tj ET Q q 0 0 0 rg BT 458.79 676.90 Td (, ) Tj ET Q q 0 0 0 rg BT 463.85 676.90 Td (May ) Tj ET Q q 0 0 0 rg BT 485.01 676.90 Td (1, ) Tj ET Q q 0 0 0 rg BT 495.62 676.90 Td (2020. ) Tj ET Q q 0 0 0 rg BT 522.77 676.90 Td (The ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 664.90 Td (conference ) Tj ET Q q 0 0 0 rg BT 123.82 664.90 Td (call ) Tj ET Q q 0 0 0 rg BT 141.17 664.90 Td (dial-in ) Tj ET Q q 0 0 0 rg BT 170.19 664.90 Td (number ) Tj ET Q q 0 0 0 rg BT 206.45 664.90 Td (is ) Tj ET Q q 0 0 0 rg BT 216.01 664.90 Td (1-888-231-8191 ) Tj ET Q q 0 0 0 rg BT 289.52 664.90 Td (or ) Tj ET Q q 0 0 0 rg BT 300.76 664.90 Td (1-647-427-7450. ) Tj ET Q q 0 0 0 rg BT 376.90 664.90 Td (Y) Tj ET Q q 0 0 0 rg BT 382.65 664.90 Td (ou ) Tj ET Q q 0 0 0 rg BT 396.11 664.90 Td (can ) Tj ET Q q 0 0 0 rg BT 414.58 664.90 Td (access ) Tj ET Q q 0 0 0 rg BT 448.05 664.90 Td (the ) Tj ET Q q 0 0 0 rg BT 464.29 664.90 Td (seven-day ) Tj ET Q q 0 0 0 rg BT 512.78 664.90 Td (replay ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 652.90 Td (by ) Tj ET Q q 0 0 0 rg BT 85.34 652.90 Td (dialing ) Tj ET Q q 0 0 0 rg BT 117.03 652.90 Td (1-855-859-2056 ) Tj ET Q q 0 0 0 rg BT 190.97 652.90 Td (or ) Tj ET Q q 0 0 0 rg BT 202.64 652.90 Td (1-416-849-0833, ) Tj ET Q q 0 0 0 rg BT 279.37 652.90 Td (using ) Tj ET Q q 0 0 0 rg BT 306.05 652.90 Td (password ) Tj ET Q q 0 0 0 rg BT 351.63 652.90 Td (1) Tj ET Q q 0 0 0 rg BT 356.45 652.90 Td (196423.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 634.90 Td (Pason ) Tj ET Q q 0 0 0 rg BT 103.39 634.90 Td (Systems ) Tj ET Q q 0 0 0 rg BT 144.77 634.90 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 163.93 634.90 Td (is ) Tj ET Q q 0 0 0 rg BT 174.18 634.90 Td (a ) Tj ET Q q 0 0 0 rg BT 182.78 634.90 Td (leading ) Tj ET Q q 0 0 0 rg BT 218.07 634.90 Td (global ) Tj ET Q q 0 0 0 rg BT 247.80 634.90 Td (provider ) Tj ET Q q 0 0 0 rg BT 286.96 634.90 Td (of ) Tj ET Q q 0 0 0 rg BT 298.34 634.90 Td (specialized ) Tj ET Q q 0 0 0 rg BT 350.85 634.90 Td (data ) Tj ET Q q 0 0 0 rg BT 373.35 634.90 Td (management ) Tj ET Q q 0 0 0 rg BT 434.76 634.90 Td (systems ) Tj ET Q q 0 0 0 rg BT 474.47 634.90 Td (for ) Tj ET Q q 0 0 0 rg BT 489.17 634.90 Td (drilling ) Tj ET Q q 0 0 0 rg BT 521.11 634.90 Td (rigs. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 622.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.89 622.90 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 141.36 622.90 Td (which ) Tj ET Q q 0 0 0 rg BT 172.15 622.90 Td (include ) Tj ET Q q 0 0 0 rg BT 209.06 622.90 Td (data ) Tj ET Q q 0 0 0 rg BT 233.75 622.90 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 289.00 622.90 Td (wellsite ) Tj ET Q q 0 0 0 rg BT 327.01 622.90 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 374.48 622.90 Td (remote ) Tj ET Q q 0 0 0 rg BT 410.83 622.90 Td (communications, ) Tj ET Q q 0 0 0 rg BT 491.08 622.90 Td (web-based ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 610.90 Td (information ) Tj ET Q q 0 0 0 rg BT 122.90 610.90 Td (management, ) Tj ET Q q 0 0 0 rg BT 185.48 610.90 Td (and ) Tj ET Q q 0 0 0 rg BT 203.60 610.90 Td (analytics, ) Tj ET Q q 0 0 0 rg BT 246.72 610.90 Td (enable ) Tj ET Q q 0 0 0 rg BT 278.18 610.90 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 336.32 610.90 Td (between ) Tj ET Q q 0 0 0 rg BT 375.56 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 390.90 610.90 Td (rig ) Tj ET Q q 0 0 0 rg BT 403.45 610.90 Td (and ) Tj ET Q q 0 0 0 rg BT 421.57 610.90 Td (the ) Tj ET Q q 0 0 0 rg BT 436.90 610.90 Td (of) Tj ET Q q 0 0 0 rg BT 445.06 610.90 Td (fice. ) Tj ET Q q 0 0 0 rg BT 464.83 610.90 Td (Pason) Tj ET Q q 0 0 0 rg BT 495.23 610.90 Td (s ) Tj ET Q q 0 0 0 rg BT 501.66 610.90 Td (common ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 598.90 Td (shares ) Tj ET Q q 0 0 0 rg BT 104.79 598.90 Td (trade ) Tj ET Q q 0 0 0 rg BT 130.36 598.90 Td (on ) Tj ET Q q 0 0 0 rg BT 144.27 598.90 Td (the ) Tj ET Q q 0 0 0 rg BT 160.76 598.90 Td (T) Tj ET Q q 0 0 0 rg BT 165.76 598.90 Td (oronto ) Tj ET Q q 0 0 0 rg BT 196.90 598.90 Td (Stock ) Tj ET Q q 0 0 0 rg BT 224.69 598.90 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 271.94 598.90 Td (under ) Tj ET Q q 0 0 0 rg BT 300.30 598.90 Td (the ) Tj ET Q q 0 0 0 rg BT 316.98 598.90 Td (symbol ) Tj ET Q q 0 0 0 rg BT 351.43 598.90 Td (PSI.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 580.90 Td (Additional ) Tj ET Q q 0 0 0 rg BT 119.20 580.90 Td (information, ) Tj ET Q q 0 0 0 rg BT 174.72 580.90 Td (including ) Tj ET Q q 0 0 0 rg BT 217.46 580.90 Td (the ) Tj ET Q q 0 0 0 rg BT 234.64 580.90 Td (Company) Tj ET Q q 0 0 0 rg BT 279.48 580.90 Td (s ) Tj ET Q q 0 0 0 rg BT 287.10 580.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 321.52 580.90 Td (Report ) Tj ET Q q 0 0 0 rg BT 354.81 580.90 Td (and ) Tj ET Q q 0 0 0 rg BT 374.12 580.90 Td (Annual ) Tj ET Q q 0 0 0 rg BT 408.53 580.90 Td (Information ) Tj ET Q q 0 0 0 rg BT 461.83 580.90 Td (Form ) Tj ET Q q 0 0 0 rg BT 488.43 580.90 Td (for ) Tj ET Q q 0 0 0 rg BT 503.38 580.90 Td (the ) Tj ET Q q 0 0 0 rg BT 520.55 580.90 Td (year ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 568.90 Td (ended ) Tj ET Q q 0 0 0 rg BT 103.71 568.90 Td (December ) Tj ET Q q 0 0 0 rg BT 153.74 568.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 171.54 568.90 Td (2019, ) Tj ET Q q 0 0 0 rg BT 200.46 568.90 Td (is ) Tj ET Q q 0 0 0 rg BT 211.58 568.90 Td (available ) Tj ET Q q 0 0 0 rg BT 254.96 568.90 Td (on ) Tj ET Q q 0 0 0 rg BT 269.98 568.90 Td (SEDAR ) Tj ET Q q 0 0 0 rg BT 308.33 568.90 Td (at ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 320.5751953125 567.47421875 m 390.599609375 567.47421875 l s q 0 0 1 rg BT 320.58 568.90 Td (www) Tj ET Q q 0 0 1 rg BT 341.69 568.90 Td (.sedar) Tj ET Q q 0 0 1 rg BT 368.93 568.90 Td (.com) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 390.60 568.90 Td ( ) Tj ET Q q 0 0 0 rg BT 394.50 568.90 Td (or ) Tj ET Q q 0 0 0 rg BT 407.29 568.90 Td (on ) Tj ET Q q 0 0 0 rg BT 422.32 568.90 Td (the ) Tj ET Q q 0 0 0 rg BT 440.12 568.90 Td (Company) Tj ET Q q 0 0 0 rg BT 484.96 568.90 Td (s ) Tj ET Q q 0 0 0 rg BT 493.86 568.90 Td (website ) Tj ET Q q 0 0 0 rg BT 531.66 568.90 Td (at ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 72 555.47421875 m 144.8076171875 555.47421875 l s q 0 0 1 rg BT 72.00 556.90 Td (www) Tj ET Q q 0 0 1 rg BT 93.11 556.90 Td (.pason.com) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 144.81 556.90 Td (.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 60.10000000000002 m 226.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 60.10000000000002 m 384.5 60.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 60.10000000000002 m 542.5 60.10000000000002 l s BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 68.00 51.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 51.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 51.00 Td (19 ) Tj ET Q q 0 0 0 rg BT 435.41 51.00 Td (Press release - ) Tj ET Q q 0 0 0 rg BT 491.13 51.00 Td (April 30, 2020) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 72.00 712.00 Td (Pason Systems Inc.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 694.00 Td (Pason ) Tj ET Q q 0 0 0 rg BT 103.39 694.00 Td (Systems ) Tj ET Q q 0 0 0 rg BT 144.77 694.00 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 163.93 694.00 Td (is ) Tj ET Q q 0 0 0 rg BT 174.18 694.00 Td (a ) Tj ET Q q 0 0 0 rg BT 182.78 694.00 Td (leading ) Tj ET Q q 0 0 0 rg BT 218.07 694.00 Td (global ) Tj ET Q q 0 0 0 rg BT 247.80 694.00 Td (provider ) Tj ET Q q 0 0 0 rg BT 286.96 694.00 Td (of ) Tj ET Q q 0 0 0 rg BT 298.34 694.00 Td (specialized ) Tj ET Q q 0 0 0 rg BT 350.85 694.00 Td (data ) Tj ET Q q 0 0 0 rg BT 373.35 694.00 Td (management ) Tj ET Q q 0 0 0 rg BT 434.76 694.00 Td (systems ) Tj ET Q q 0 0 0 rg BT 474.47 694.00 Td (for ) Tj ET Q q 0 0 0 rg BT 489.17 694.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 521.11 694.00 Td (rigs. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 682.00 Td (Our ) Tj ET Q q 0 0 0 rg BT 91.90 682.00 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 137.38 682.00 Td (which ) Tj ET Q q 0 0 0 rg BT 166.18 682.00 Td (include ) Tj ET Q q 0 0 0 rg BT 201.10 682.00 Td (data ) Tj ET Q q 0 0 0 rg BT 223.79 682.00 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 277.05 682.00 Td (wellsite ) Tj ET Q q 0 0 0 rg BT 313.07 682.00 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 358.55 682.00 Td (remote ) Tj ET Q q 0 0 0 rg BT 392.90 682.00 Td (communications, ) Tj ET Q q 0 0 0 rg BT 471.17 682.00 Td (and ) Tj ET Q q 0 0 0 rg BT 491.08 682.00 Td (web-based ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 670.00 Td (information ) Tj ET Q q 0 0 0 rg BT 123.34 670.00 Td (management, ) Tj ET Q q 0 0 0 rg BT 186.36 670.00 Td (enable ) Tj ET Q q 0 0 0 rg BT 218.26 670.00 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 276.84 670.00 Td (between ) Tj ET Q q 0 0 0 rg BT 316.52 670.00 Td (the ) Tj ET Q q 0 0 0 rg BT 332.29 670.00 Td (rig ) Tj ET Q q 0 0 0 rg BT 345.28 670.00 Td (and ) Tj ET Q q 0 0 0 rg BT 363.83 670.00 Td (the ) Tj ET Q q 0 0 0 rg BT 379.61 670.00 Td (of) Tj ET Q q 0 0 0 rg BT 387.76 670.00 Td (fice. ) Tj ET Q q 0 0 0 rg BT 407.98 670.00 Td (Pason's ) Tj ET Q q 0 0 0 rg BT 445.11 670.00 Td (common ) Tj ET Q q 0 0 0 rg BT 485.33 670.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 517.22 670.00 Td (trade ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 658.00 Td (on ) Tj ET Q q 0 0 0 rg BT 85.90 658.00 Td (the ) Tj ET Q q 0 0 0 rg BT 102.40 658.00 Td (T) Tj ET Q q 0 0 0 rg BT 107.40 658.00 Td (oronto ) Tj ET Q q 0 0 0 rg BT 138.53 658.00 Td (Stock ) Tj ET Q q 0 0 0 rg BT 166.32 658.00 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 213.58 658.00 Td (under ) Tj ET Q q 0 0 0 rg BT 241.93 658.00 Td (the ) Tj ET Q q 0 0 0 rg BT 258.61 658.00 Td (symbol ) Tj ET Q q 0 0 0 rg BT 293.06 658.00 Td (PSI.T) Tj ET Q q 0 0 0 rg BT 317.89 658.00 Td (O.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 640.00 Td (For ) Tj ET Q q 0 0 0 rg BT 89.52 640.00 Td (more ) Tj ET Q q 0 0 0 rg BT 114.81 640.00 Td (information ) Tj ET Q q 0 0 0 rg BT 166.80 640.00 Td (about ) Tj ET Q q 0 0 0 rg BT 194.34 640.00 Td (Pason ) Tj ET Q q 0 0 0 rg BT 225.21 640.00 Td (Systems ) Tj ET Q q 0 0 0 rg BT 266.06 640.00 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 287.47 640.00 Td (visit ) Tj ET Q q 0 0 0 rg BT 307.21 640.00 Td (the ) Tj ET Q q 0 0 0 rg BT 323.63 640.00 Td (company) Tj ET Q q 0 0 0 rg BT 366.24 640.00 Td (s ) Tj ET Q q 0 0 0 rg BT 373.76 640.00 Td (website ) Tj ET Q q 0 0 0 rg BT 410.18 640.00 Td (at ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 421.0341796875 638.57421875 m 493.841796875 638.57421875 l s q 0 0 1 rg BT 421.03 640.00 Td (www) Tj ET Q q 0 0 1 rg BT 442.15 640.00 Td (.pason.com) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 493.84 640.00 Td ( ) Tj ET Q q 0 0 0 rg BT 496.36 640.00 Td (or ) Tj ET Q q 0 0 0 rg BT 507.76 640.00 Td (contact ) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 72 626.57421875 m 203.8798828125 626.57421875 l s q 0 0 1 rg BT 72.00 628.00 Td (investorrelations@pason.com) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 610.00 Td (Certain ) Tj ET Q q 0 0 0 rg BT 107.90 610.00 Td (information ) Tj ET Q q 0 0 0 rg BT 161.04 610.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 206.95 610.00 Td (the ) Tj ET Q q 0 0 0 rg BT 224.52 610.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 270.98 610.00 Td (contained ) Tj ET Q q 0 0 0 rg BT 318.02 610.00 Td (herein ) Tj ET Q q 0 0 0 rg BT 349.48 610.00 Td (may ) Tj ET Q q 0 0 0 rg BT 372.04 610.00 Td (constitute ) Tj ET Q q 0 0 0 rg BT 418.51 610.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 490.54 610.00 Td (information ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 598.00 Td (under ) Tj ET Q q 0 0 0 rg BT 99.58 598.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 146.62 598.00 Td (securities ) Tj ET Q q 0 0 0 rg BT 190.87 598.00 Td (law) Tj ET Q q 0 0 0 rg BT 205.32 598.00 Td (. ) Tj ET Q q 0 0 0 rg BT 209.97 598.00 Td (The ) Tj ET Q q 0 0 0 rg BT 229.21 598.00 Td (words ) Tj ET Q q 0 0 0 rg BT 257.89 598.00 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 312.14 598.00 Td (expect, ) Tj ET Q q 0 0 0 rg BT 353.05 598.00 Td (believe, ) Tj ET Q q 0 0 0 rg BT 396.19 598.00 Td (may, ) Tj ET Q q 0 0 0 rg BT 426.52 598.00 Td (should, ) Tj ET Q q 0 0 0 rg BT 467.44 598.00 Td (will, ) Tj ET Q q 0 0 0 rg BT 492.77 598.00 Td (estimate, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 586.00 Td (project, ) Tj ET Q q 0 0 0 rg BT 114.71 586.00 Td (outlook, ) Tj ET Q q 0 0 0 rg BT 159.64 586.00 Td (forecast ) Tj ET Q q 0 0 0 rg BT 205.13 586.00 Td (or ) Tj ET Q q 0 0 0 rg BT 217.27 586.00 Td (other ) Tj ET Q q 0 0 0 rg BT 243.31 586.00 Td (similar ) Tj ET Q q 0 0 0 rg BT 275.45 586.00 Td (words ) Tj ET Q q 0 0 0 rg BT 305.38 586.00 Td (are ) Tj ET Q q 0 0 0 rg BT 323.08 586.00 Td (used ) Tj ET Q q 0 0 0 rg BT 348.02 586.00 Td (to ) Tj ET Q q 0 0 0 rg BT 359.61 586.00 Td (identify ) Tj ET Q q 0 0 0 rg BT 394.55 586.00 Td (such ) Tj ET Q q 0 0 0 rg BT 418.92 586.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 490.54 586.00 Td (information ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 574.00 Td (and ) Tj ET Q q 0 0 0 rg BT 91.51 574.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 146.03 574.00 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 220.55 574.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 272.28 574.00 Td (in ) Tj ET Q q 0 0 0 rg BT 282.89 574.00 Td (this ) Tj ET Q q 0 0 0 rg BT 301.28 574.00 Td (document ) Tj ET Q q 0 0 0 rg BT 348.02 574.00 Td (may ) Tj ET Q q 0 0 0 rg BT 369.74 574.00 Td (include ) Tj ET Q q 0 0 0 rg BT 404.25 574.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 458.77 574.00 Td (express ) Tj ET Q q 0 0 0 rg BT 496.61 574.00 Td (or ) Tj ET Q q 0 0 0 rg BT 508.33 574.00 Td (implied ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 562.00 Td (regarding ) Tj ET Q q 0 0 0 rg BT 115.77 562.00 Td (the ) Tj ET Q q 0 0 0 rg BT 131.20 562.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 181.09 562.00 Td (business ) Tj ET Q q 0 0 0 rg BT 222.08 562.00 Td (prospects ) Tj ET Q q 0 0 0 rg BT 266.96 562.00 Td (and ) Tj ET Q q 0 0 0 rg BT 285.17 562.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 323.38 562.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 381.04 562.00 Td (of ) Tj ET Q q 0 0 0 rg BT 390.91 562.00 Td (Pason; ) Tj ET Q q 0 0 0 rg BT 423.56 562.00 Td (expectations ) Tj ET Q q 0 0 0 rg BT 481.23 562.00 Td (or ) Tj ET Q q 0 0 0 rg BT 491.65 562.00 Td (projections ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 550.00 Td (about ) Tj ET Q q 0 0 0 rg BT 99.65 550.00 Td (future ) Tj ET Q q 0 0 0 rg BT 127.85 550.00 Td (strategies ) Tj ET Q q 0 0 0 rg BT 173.83 550.00 Td (and ) Tj ET Q q 0 0 0 rg BT 193.13 550.00 Td (goals ) Tj ET Q q 0 0 0 rg BT 219.67 550.00 Td (for ) Tj ET Q q 0 0 0 rg BT 233.96 550.00 Td (growth ) Tj ET Q q 0 0 0 rg BT 266.60 550.00 Td (and ) Tj ET Q q 0 0 0 rg BT 285.91 550.00 Td (expansion; ) Tj ET Q q 0 0 0 rg BT 336.90 550.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 380.12 550.00 Td (and ) Tj ET Q q 0 0 0 rg BT 399.42 550.00 Td (future ) Tj ET Q q 0 0 0 rg BT 427.62 550.00 Td (cash ) Tj ET Q q 0 0 0 rg BT 451.37 550.00 Td (flows ) Tj ET Q q 0 0 0 rg BT 476.78 550.00 Td (and ) Tj ET Q q 0 0 0 rg BT 496.09 550.00 Td (revenues; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 538.00 Td (and ) Tj ET Q q 0 0 0 rg BT 92.36 538.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 136.63 538.00 Td (impact ) Tj ET Q q 0 0 0 rg BT 169.76 538.00 Td (of ) Tj ET Q q 0 0 0 rg BT 181.77 538.00 Td (future ) Tj ET Q q 0 0 0 rg BT 211.02 538.00 Td (commitments. ) Tj ET Q q 0 0 0 rg BT 276.69 538.00 Td (These ) Tj ET Q q 0 0 0 rg BT 308.16 538.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 380.21 538.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 432.79 538.00 Td (are ) Tj ET Q q 0 0 0 rg BT 450.93 538.00 Td (based ) Tj ET Q q 0 0 0 rg BT 481.85 538.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 507.77 538.00 Td (various ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 526.00 Td (underlying ) Tj ET Q q 0 0 0 rg BT 120.60 526.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 153.07 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 172.22 526.00 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 233.60 526.00 Td (including ) Tj ET Q q 0 0 0 rg BT 275.53 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 291.89 526.00 Td (state ) Tj ET Q q 0 0 0 rg BT 316.03 526.00 Td (of ) Tj ET Q q 0 0 0 rg BT 326.83 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 343.20 526.00 Td (economy ) Tj ET Q q 0 0 0 rg BT 386.23 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 405.38 526.00 Td (the ) Tj ET Q q 0 0 0 rg BT 421.74 526.00 Td (oil ) Tj ET Q q 0 0 0 rg BT 434.21 526.00 Td (and ) Tj ET Q q 0 0 0 rg BT 453.35 526.00 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.94 526.00 Td (exploration ) Tj ET Q q 0 0 0 rg BT 523.32 526.00 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 514.00 Td (production ) Tj ET Q q 0 0 0 rg BT 121.73 514.00 Td (business, ) Tj ET Q q 0 0 0 rg BT 167.01 514.00 Td (in ) Tj ET Q q 0 0 0 rg BT 177.83 514.00 Td (particular; ) Tj ET Q q 0 0 0 rg BT 224.77 514.00 Td (the ) Tj ET Q q 0 0 0 rg BT 241.70 514.00 Td (Company's ) Tj ET Q q 0 0 0 rg BT 294.44 514.00 Td (business ) Tj ET Q q 0 0 0 rg BT 336.94 514.00 Td (prospects ) Tj ET Q q 0 0 0 rg BT 383.33 514.00 Td (and ) Tj ET Q q 0 0 0 rg BT 403.05 514.00 Td (opportunities; ) Tj ET Q q 0 0 0 rg BT 466.12 514.00 Td (and ) Tj ET Q q 0 0 0 rg BT 485.84 514.00 Td (estimates ) Tj ET Q q 0 0 0 rg BT 531.67 514.00 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 502.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 502.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 128.15 502.00 Td (and ) Tj ET Q q 0 0 0 rg BT 147.61 502.00 Td (operational ) Tj ET Q q 0 0 0 rg BT 199.87 502.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 258.79 502.00 Td (of ) Tj ET Q q 0 0 0 rg BT 269.91 502.00 Td (Pason.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 484.00 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 146.64 484.00 Td (information ) Tj ET Q q 0 0 0 rg BT 199.06 484.00 Td (and ) Tj ET Q q 0 0 0 rg BT 218.69 484.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 270.55 484.00 Td (are ) Tj ET Q q 0 0 0 rg BT 287.95 484.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 322.58 484.00 Td (to ) Tj ET Q q 0 0 0 rg BT 333.87 484.00 Td (known ) Tj ET Q q 0 0 0 rg BT 365.72 484.00 Td (or ) Tj ET Q q 0 0 0 rg BT 377.56 484.00 Td (unknown ) Tj ET Q q 0 0 0 rg BT 420.54 484.00 Td (risks ) Tj ET Q q 0 0 0 rg BT 444.04 484.00 Td (and ) Tj ET Q q 0 0 0 rg BT 463.67 484.00 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 523.32 484.00 Td (that ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 472.00 Td (may ) Tj ET Q q 0 0 0 rg BT 95.87 472.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 127.53 472.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 159.19 472.00 Td (results ) Tj ET Q q 0 0 0 rg BT 193.62 472.00 Td (to ) Tj ET Q q 0 0 0 rg BT 206.93 472.00 Td (dif) Tj ET Q q 0 0 0 rg BT 217.31 472.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 233.96 472.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 281.72 472.00 Td (from ) Tj ET Q q 0 0 0 rg BT 306.70 472.00 Td (those ) Tj ET Q q 0 0 0 rg BT 336.14 472.00 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 389.48 472.00 Td (or ) Tj ET Q q 0 0 0 rg BT 403.35 472.00 Td (implied ) Tj ET Q q 0 0 0 rg BT 440.00 472.00 Td (in ) Tj ET Q q 0 0 0 rg BT 452.76 472.00 Td (the ) Tj ET Q q 0 0 0 rg BT 471.64 472.00 Td (forward-looking ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 460.00 Td (information ) Tj ET Q q 0 0 0 rg BT 124.52 460.00 Td (and ) Tj ET Q q 0 0 0 rg BT 144.25 460.00 Td (statements. ) Tj ET Q q 0 0 0 rg BT 198.99 460.00 Td (Risk ) Tj ET Q q 0 0 0 rg BT 221.49 460.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 254.55 460.00 Td (that ) Tj ET Q q 0 0 0 rg BT 274.28 460.00 Td (could ) Tj ET Q q 0 0 0 rg BT 301.24 460.00 Td (cause ) Tj ET Q q 0 0 0 rg BT 330.97 460.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 360.71 460.00 Td (results ) Tj ET Q q 0 0 0 rg BT 393.21 460.00 Td (or ) Tj ET Q q 0 0 0 rg BT 405.15 460.00 Td (events ) Tj ET Q q 0 0 0 rg BT 437.67 460.00 Td (to ) Tj ET Q q 0 0 0 rg BT 449.06 460.00 Td (dif) Tj ET Q q 0 0 0 rg BT 459.44 460.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 474.16 460.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 520.00 460.00 Td (from ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 448.00 Td (current ) Tj ET Q q 0 0 0 rg BT 107.18 448.00 Td (expectations ) Tj ET Q q 0 0 0 rg BT 167.39 448.00 Td (include, ) Tj ET Q q 0 0 0 rg BT 205.92 448.00 Td (among ) Tj ET Q q 0 0 0 rg BT 240.56 448.00 Td (others, ) Tj ET Q q 0 0 0 rg BT 275.19 448.00 Td (the ) Tj ET Q q 0 0 0 rg BT 293.15 448.00 Td (ability ) Tj ET Q q 0 0 0 rg BT 322.78 448.00 Td (of ) Tj ET Q q 0 0 0 rg BT 335.18 448.00 Td (Pason ) Tj ET Q q 0 0 0 rg BT 367.59 448.00 Td (to ) Tj ET Q q 0 0 0 rg BT 379.99 448.00 Td (successfully ) Tj ET Q q 0 0 0 rg BT 437.96 448.00 Td (implement ) Tj ET Q q 0 0 0 rg BT 488.15 448.00 Td (its ) Tj ET Q q 0 0 0 rg BT 502.21 448.00 Td (strategic ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 436.00 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 115.90 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 135.36 436.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 173.71 436.00 Td (such ) Tj ET Q q 0 0 0 rg BT 197.61 436.00 Td (strategic ) Tj ET Q q 0 0 0 rg BT 238.18 436.00 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 282.08 436.00 Td (will ) Tj ET Q q 0 0 0 rg BT 298.75 436.00 Td (yield ) Tj ET Q q 0 0 0 rg BT 322.09 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 338.77 436.00 Td (expected ) Tj ET Q q 0 0 0 rg BT 382.13 436.00 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 422.71 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 439.38 436.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 483.86 436.00 Td (performance ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 424.00 Td (of ) Tj ET Q q 0 0 0 rg BT 81.85 424.00 Td (Pason's ) Tj ET Q q 0 0 0 rg BT 118.63 424.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 149.05 424.00 Td (and ) Tj ET Q q 0 0 0 rg BT 167.25 424.00 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 221.57 424.00 Td (the ) Tj ET Q q 0 0 0 rg BT 236.98 424.00 Td (price ) Tj ET Q q 0 0 0 rg BT 260.17 424.00 Td (of ) Tj ET Q q 0 0 0 rg BT 270.03 424.00 Td (energy ) Tj ET Q q 0 0 0 rg BT 302.12 424.00 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 362.54 424.00 Td (competitive ) Tj ET Q q 0 0 0 rg BT 414.63 424.00 Td (factors ) Tj ET Q q 0 0 0 rg BT 446.15 424.00 Td (in ) Tj ET Q q 0 0 0 rg BT 455.45 424.00 Td (the ) Tj ET Q q 0 0 0 rg BT 470.86 424.00 Td (energy ) Tj ET Q q 0 0 0 rg BT 502.95 424.00 Td (industry) Tj ET Q q 0 0 0 rg BT 537.23 424.00 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 412.00 Td (changes ) Tj ET Q q 0 0 0 rg BT 113.23 412.00 Td (in ) Tj ET Q q 0 0 0 rg BT 124.44 412.00 Td (laws ) Tj ET Q q 0 0 0 rg BT 147.86 412.00 Td (and ) Tj ET Q q 0 0 0 rg BT 167.97 412.00 Td (regulations ) Tj ET Q q 0 0 0 rg BT 220.32 412.00 Td (af) Tj ET Q q 0 0 0 rg BT 228.47 412.00 Td (fecting ) Tj ET Q q 0 0 0 rg BT 261.36 412.00 Td (Pason's ) Tj ET Q q 0 0 0 rg BT 300.05 412.00 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 356.28 412.00 Td (technological ) Tj ET Q q 0 0 0 rg BT 418.07 412.00 Td (developments, ) Tj ET Q q 0 0 0 rg BT 486.54 412.00 Td (and ) Tj ET Q q 0 0 0 rg BT 506.64 412.00 Td (general ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 400.00 Td (economic ) Tj ET Q q 0 0 0 rg BT 117.58 400.00 Td (conditions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 382.00 Td (Readers ) Tj ET Q q 0 0 0 rg BT 114.02 382.00 Td (are ) Tj ET Q q 0 0 0 rg BT 132.69 382.00 Td (cautioned ) Tj ET Q q 0 0 0 rg BT 180.28 382.00 Td (not ) Tj ET Q q 0 0 0 rg BT 198.40 382.00 Td (to ) Tj ET Q q 0 0 0 rg BT 210.96 382.00 Td (place ) Tj ET Q q 0 0 0 rg BT 239.08 382.00 Td (undue ) Tj ET Q q 0 0 0 rg BT 271.11 382.00 Td (reliance ) Tj ET Q q 0 0 0 rg BT 310.34 382.00 Td (on ) Tj ET Q q 0 0 0 rg BT 325.69 382.00 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 398.27 382.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 451.40 382.00 Td (as ) Tj ET Q q 0 0 0 rg BT 466.18 382.00 Td (there ) Tj ET Q q 0 0 0 rg BT 493.19 382.00 Td (can ) Tj ET Q q 0 0 0 rg BT 513.53 382.00 Td (be ) Tj ET Q q 0 0 0 rg BT 528.88 382.00 Td (no ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 370.00 Td (assurance ) Tj ET Q q 0 0 0 rg BT 121.43 370.00 Td (that ) Tj ET Q q 0 0 0 rg BT 141.41 370.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.60 370.00 Td (plans, ) Tj ET Q q 0 0 0 rg BT 188.58 370.00 Td (intentions ) Tj ET Q q 0 0 0 rg BT 234.68 370.00 Td (or ) Tj ET Q q 0 0 0 rg BT 246.87 370.00 Td (expectations ) Tj ET Q q 0 0 0 rg BT 306.31 370.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 331.85 370.00 Td (which ) Tj ET Q q 0 0 0 rg BT 360.71 370.00 Td (they ) Tj ET Q q 0 0 0 rg BT 382.90 370.00 Td (are ) Tj ET Q q 0 0 0 rg BT 400.65 370.00 Td (placed ) Tj ET Q q 0 0 0 rg BT 433.41 370.00 Td (will ) Tj ET Q q 0 0 0 rg BT 450.59 370.00 Td (occur) Tj ET Q q 0 0 0 rg BT 474.49 370.00 Td (. ) Tj ET Q q 0 0 0 rg BT 480.57 370.00 Td (Such ) Tj ET Q q 0 0 0 rg BT 506.65 370.00 Td (forward ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 358.00 Td (looking ) Tj ET Q q 0 0 0 rg BT 106.78 358.00 Td (statements, ) Tj ET Q q 0 0 0 rg BT 161.56 358.00 Td (although ) Tj ET Q q 0 0 0 rg BT 203.02 358.00 Td (considered ) Tj ET Q q 0 0 0 rg BT 255.04 358.00 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 307.61 358.00 Td (by ) Tj ET Q q 0 0 0 rg BT 321.26 358.00 Td (management ) Tj ET Q q 0 0 0 rg BT 382.72 358.00 Td (as ) Tj ET Q q 0 0 0 rg BT 396.38 358.00 Td (of ) Tj ET Q q 0 0 0 rg BT 407.81 358.00 Td (the ) Tj ET Q q 0 0 0 rg BT 424.80 358.00 Td (date ) Tj ET Q q 0 0 0 rg BT 447.36 358.00 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 481.58 358.00 Td (may ) Tj ET Q q 0 0 0 rg BT 503.57 358.00 Td (prove ) Tj ET Q q 0 0 0 rg BT 531.67 358.00 Td (to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 346.00 Td (be ) Tj ET Q q 0 0 0 rg BT 86.94 346.00 Td (incorrect ) Tj ET Q q 0 0 0 rg BT 129.09 346.00 Td (and ) Tj ET Q q 0 0 0 rg BT 149.59 346.00 Td (actual ) Tj ET Q q 0 0 0 rg BT 180.09 346.00 Td (results ) Tj ET Q q 0 0 0 rg BT 213.36 346.00 Td (may ) Tj ET Q q 0 0 0 rg BT 236.06 346.00 Td (dif) Tj ET Q q 0 0 0 rg BT 246.44 346.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 261.93 346.00 Td (materially ) Tj ET Q q 0 0 0 rg BT 308.53 346.00 Td (from ) Tj ET Q q 0 0 0 rg BT 332.34 346.00 Td (those ) Tj ET Q q 0 0 0 rg BT 360.62 346.00 Td (anticipated. ) Tj ET Q q 0 0 0 rg BT 415.58 346.00 Td (Forward-looking ) Tj ET Q q 0 0 0 rg BT 491.09 346.00 Td (statements ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 334.00 Td (contained ) Tj ET Q q 0 0 0 rg BT 118.15 334.00 Td (in ) Tj ET Q q 0 0 0 rg BT 128.71 334.00 Td (this ) Tj ET Q q 0 0 0 rg BT 147.05 334.00 Td (press ) Tj ET Q q 0 0 0 rg BT 174.28 334.00 Td (release ) Tj ET Q q 0 0 0 rg BT 209.86 334.00 Td (are ) Tj ET Q q 0 0 0 rg BT 227.09 334.00 Td (expressly ) Tj ET Q q 0 0 0 rg BT 272.10 334.00 Td (qualified ) Tj ET Q q 0 0 0 rg BT 312.13 334.00 Td (by ) Tj ET Q q 0 0 0 rg BT 325.47 334.00 Td (this ) Tj ET Q q 0 0 0 rg BT 343.81 334.00 Td (cautionary ) Tj ET Q q 0 0 0 rg BT 392.73 334.00 Td (statement.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 316.00 Td (Additional information on risks and uncertainties and other factors that could af) Tj ET Q q 0 0 0 rg BT 419.24 316.00 Td (fect Pason's operations or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 304.00 Td (financial results are included in Pason's reports on file with the Canadian securities regulatory authorities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 292.00 Td (and may be accessed through the SEDAR website \() Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 302.68 292.00 Td (www) Tj ET Q q 0 0 1 rg BT 323.79 292.00 Td (.sedar) Tj ET Q q 0 0 1 rg BT 351.03 292.00 Td (.com) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 372.70 292.00 Td (\) or through Pason's website ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 280.00 Td (\() Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 1 rg BT 75.33 280.00 Td (www) Tj ET Q q 0 0 1 rg BT 96.44 280.00 Td (.pason.com) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 148.14 280.00 Td (\). Furthermore, any forward looking statements contained in this news release are made ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 268.00 Td (as of the date of this news release, and Pason does not undertake any obligation to update publicly or to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 256.00 Td (revise any of the included forward-looking statements, whether as a result of new information, future ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 244.00 Td (events or otherwise, except as expressly required by securities law) Tj ET Q q 0 0 0 rg BT 367.14 244.00 Td (.) Tj ET Q endstream endobj 41 0 obj <> /View <>>>>> endobj 42 0 obj <> /View <>>>>> endobj 43 0 obj <> endobj 44 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;