Horizon Oil Limited (HZN) Q2 2026 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.419 -- 00:00:05.465 Well look, a very good morning and welcome to Horizon Oil's FY26 half year results 00:00:05.465 -- 00:00:10.131 presentation for the period ended 31 December 2025. 00:00:10.131 -- 00:00:16.098 I'm Richard Beaman, Horizon's CEO and I'm joined today by Kyle Keane, our CFO. 00:00:16.098 -- 00:00:19.982 This half year represents a very important period for the company. 00:00:19.982 -- 00:00:25.108 Despite a materially lower realised oil price environment, we delivered strong operating 00:00:25.108 -- 00:00:30.265 and financial performance underpinned by disciplined cost control and the successful 00:00:30.265 -- 00:00:33.950 integration of our recently acquired Thailand assets. 00:00:33.950 -- 00:00:38.496 The completion of the Thailand acquisition on the 1st of August, together with the 10-year 00:00:38.496 -- 00:00:42.301 extension of the MARI permit to December 2037, 00:00:42.301 -- 00:00:47.608 has delivered a genuine step change for Horizon, increasing production, strengthening 00:00:47.608 -- 00:00:53.956 cash flow resilience, extending portfolio life, and further diversifying the business. 00:00:53.956 -- 00:00:58.151 This morning, I'll provide a brief overview of the half-year performance, then hand over 00:00:58.151 -- 00:01:03.138 to Kyle to take you through the financials before I return to cover asset performance, 00:01:03.138 -- 00:01:09.225 outlook and upcoming activity. And we'll then open up to questions. 00:01:09.929 -- 00:01:14.516 Before we begin, I'll draw your attention to the customary compliance statement on slide 00:01:14.516 -- 00:01:17.781 two, which I encourage everyone to read in full. 00:01:17.781 -- 00:01:22.147 During today's presentation, we may make forward-looking statements and actual results 00:01:22...