Capricorn Energy PLC (CNE) Q4 2024 Earnings Call

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WEBVTT 00:00:00.115 -- 00:00:05.202 Good morning and welcome to Capricorn's Energy's full year 2024 00:00:05.202 -- 00:00:07.345 results presentation. 00:00:07.345 -- 00:00:12.392 We are joined by Capricorn's senior management team who will first present the results 00:00:12.392 -- 00:00:16.177 and then will be available for Q&A afterwards. 00:00:16.177 -- 00:00:19.362 I will now hand over to CEO Randy Neely to begin. 00:00:19.362 -- 00:00:22.443 Please go ahead. 00:00:22.626 -- 00:00:26.389 Good morning. And thank you all for attending or listening in remotely. 00:00:26.389 -- 00:00:30.938 I'm joined today by Eddie Oak, our CFO, who will walk through the operational and financial 00:00:30.938 -- 00:00:36.069 highlights, as well as Jeff Probert, our COO, who will provide a review of ongoing operations 00:00:36.069 -- 00:00:41.139 and provide more detail on the progress made to improve our production sharing contracts 00:00:41.139 -- 00:00:43.259 in Egypt. 00:00:44.277 -- 00:00:48.881 Over the past two years, the new board, myself, and the rest of the management team have 00:00:48.881 -- 00:00:54.586 made a major effort to transform the culture, priorities, and focus of Capricorn. 00:00:54.586 -- 00:00:59.671 This wheel is meant to capture very simply how we are approaching our business. 00:00:59.671 -- 00:01:03.454 We like to describe ourselves as a blue collar oil and gas company. 00:01:03.454 -- 00:01:08.599 We focus on the small details. We finance the business conservatively. 00:01:08.599 -- 00:01:14.855 We approach every project with technical rigor and apply strict capital discipline. 00:01:14.855 -- 00:01:19.826 We demand operational excellence from ourselves and our partners. 00:01:19.826 -- 00:01:23.554 In Egypt specifically, we administer the business stric...