Maha Capital AB (publ) (MAHA_A) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Investor Update, today with Maha Energy, which released its Q1 report for 2025 this morning. Maha's new CEO Roberto Marchiori will be on the link to present the results and current events during the current quarter. Those of you who are watching live can interact with management and ask questions in the top chat. We will handle the questions after the presentation. The presentation will now continue in English. Roberto, nice to see you again. How are things? I'm good. How are you, Carlo? Excellent. Roberto, yet another busy quarter. Please walk us through your presentation. Okay, thank you very much. And first I would like to thank everyone. It's a pleasure to be here with you. So here we have our Q1 main highlights, starting on the portfolio highlights and start with Brava. We reached during the first quarter of this year, around 21,000 barrels of equivalence day production. And going forward in April, Atlanta, which is one of the main assets offshore, which I will explain later, make two new wells and increase their production even more, reaching up to 82,000 barrels a day. Very positive news on Brava, which I will explain later. On the Illinois-US side, we have the stable production, production around 300 barrels a day, and we reach our lowest OPEX per barrel of $15 a barrel If you compare the last four quarters. A very good and positive news regarding operational side. And in Venezuela, Petro Daneta, we concluded our business plan, which is basically an update on the old business plan. And we see huge and very attractive potential upside there. And mainly we will have 84 million barrels of oil and 167 billion cubic feet of gas. So there's huge potential in terms of the asset. In the financial aspects, we collected $4.4 million by the turnout ...