Bw Energy Ltd (BWEFF) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.032 Welcome to the BW Energy Q2 presentation. My name is Alan. 00:00:05.032 -- 00:00:07.473 I'll be your coordinator for today's event. 00:00:07.473 -- 00:00:12.294 Please note this call is being recorded and for the duration, your lines will be on listen 00:00:12.294 -- 00:00:16.675 only. However, you have the opportunity to ask questions at the end. 00:00:16.675 -- 00:00:20.816 This can be done by pressing star one on your telephone keypad. 00:00:20.816 -- 00:00:25.277 If you require assistance at any time, please press star zero and you'll be connected 00:00:25.277 -- 00:00:30.606 to an operator. I will now hand you over to your host, Carl Arnet, to begin today's 00:00:30.606 -- 00:00:32.827 conference. Thank you. 00:00:32.827 -- 00:00:38.131 Thank you, operator. A warm welcome to this BW Energy second quarter 00:00:38.131 -- 00:00:39.732 2026 00:00:39.732 -- 00:00:45.375 update. This update will be hosted as usual by our chief operating 00:00:45.375 -- 00:00:51.139 officer, Brice Morlot, and our chief financial officer, Thomas Young, 00:00:51.139 -- 00:00:54.480 and myself, Carl Arnet. 00:00:55.202 -- 00:00:57.865 Please note our disclaimer. 00:00:57.865 -- 00:01:02.288 and then on to the second quarter highlights. 00:01:02.288 -- 00:01:07.630 We have just started the Mabomo phase 2 drilling campaign. 00:01:07.630 -- 00:01:09.572 Super exciting 00:01:09.572 -- 00:01:13.994 and more of that will follow later on in the presentation. 00:01:13.994 -- 00:01:18.156 All development projects are on plan and budget 00:01:18.156 -- 00:01:23.179 and we had of course a record high cash flow on the current oil 00:01:23.179 -- 00:01:29.046 prices in the quarter. which have strengthened our financial position 00:01:29.046 -- 00:01:32.489 with res...