Jadestone Energy plc (JSE) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good morning or good afternoon, wherever you are. And welcome to JSON Energy's first half 2023 results conference call. I'm Paul Blakely, CEO, and I'm joined on the call today by our CFO, Bertie Alpdeister, and by Phil Corbett, Investor Relations Manager. In this call, we'll take you through a presentation which was recently uploaded to the Investor Relations section of our website. or you can view it via the link on the webcast. And after that, let's open the call for some Q&A discussion. So turning first to the usual slide two, which outlines our standard disclaimers, and in particular, the cautionary remarks regarding forward-looking statements and non-IFRS measures that are used in the presentation. And then on to slide three. And I have to say it's good to open this webcast with the news that Montara production was restarted earlier this month and has averaged around 6,250 barrels a day during the period. This follows the identification of the defect between tanks and the small enhancement to our inspection processes, which I'll touch on later, will take care of this. A clear priority now is to safely maximize uptime of the asset while progressively restoring storage tank capacity. Significant progress continues to be made at Akitara year to date, with the project now over 61% complete and still on track for commercial gas sales in the first half of next year. And at the East Belemut drilling campaign offshore Malaysia, The first well has come in ahead of expectations and is now on stream and adding barrels into a $90 plus environment, which is great for us. This follows a successful drilling campaign at Simferholm earlier in the quarter where production continues at maximum quantity. I also want to mention our recent safety performance and...