Dno Asa Ord (DTNOF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to DNO's first quarter 2026 earnings call. My name is Jostein Lerbos, and I am the communications manager here at DNO. Present with me here today in Oslo are, as usual, Executive Chairman William Mosavar-Money, Managing Director Chris Spencer, and CFO Birgitte Lindelbo-Johansson. In addition, we have a surprise guest, Morten Greeney, who is Senior Vice President, responsible for assets and project development in the North Sea Business Unit. And then we'll wrap up the presentation with the North Sea Deep Dive. After the presentation, we will open up for questions in the Q&A session, and press questions will be dealt with afterwards. With that, I give the word to Bijan. Please. Good morning, and welcome to our first quarter of the and operational updates, again, with a focus on the North Sea. This is a beautiful spring, sunny day in Oslo, clear blue skies. You won't have a chance to see it because we're an indoor room. My colleagues typically put me in an indoor room away from a window, away from the seagulls, but fly over Oslo Fjord. Those of you in Norway, some of you in Norway may understand the reference. But trust me, it's a beautiful day, and our results are similarly sunny and blue skies for the first quarter, and this has continued into the first part of the second quarter. Much of this has to do with higher oil and gas prices, principally in the month of March, but the impact has been significant on our results and those of many other international or national oil and gas companies. The strong performance of our North Sea operations, which we will review more extensively, Morton will, and others will touch on it. Our strong North Sea performance has been able to capture high prices. We are, as you know, not producing currently in our ...