Dno Asa Ord (DTNOF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to DNO's full year 2025 Interim Results Earnings Call. My name is Jostein Løvås, and I am the Communication Manager here at DNO. As you may understand from the cover photo, we've had a landmark year with lots of celebration. Recently, our Board of Directors and Senior Management were in Kurdistan, marking that 500 million barrels of oil have been produced from our operated Kalki licensing. This photo shows our two chefs, Executive Chairman Bijan Mosavaramani, cutting the cake together with the chef at the talkie field. Now back to Oslo and the results. Present with me here today are Managing Director Chris Spencer and CFO Birgitte Bedelboot-Johansen. And the chairman is joining us online from New York. And we'll kick off the presentation. Please, Bijan, go ahead. Thank you and good morning to everyone attending this call. We will of course be discussing the interim results for the fourth quarter of 2025 and for the full year. but also taking a peak look at the direction of the company in 2026, our goals, our targets, our plans and programs. As Joostein mentioned, 2025 has been a very transformative year for DNO with milestones and records. He mentioned the great milestone of 500 million barrels produced from the Talke license, that includes the Talke field itself and the Peshgibir field. 500 million barrels produced is a lot of barrels, and this field has outperformed the expectations of many. not necessarily ours, we've always known this is a very important license, and we produce 500 million barrels and many hundreds of millions of barrels still left to be produced from these two fields. So this has been a terrific asset for B&O and I think we've managed it responsibly and safely and well. over the more than 20 years that the DNO has been ...