Petronor E&P Asa (PTEAF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

My name is Jens Paets, I'm the CEO of Petronor E&P and it's good to be back to discuss the company's quarterly report which was put out this morning. I'm going to be using a few slides to review the first half of the year and to give some guidance as to what we expect to happen in the second half. Those of you who are familiar with the We'll see that this is a fairly standardized format that we've been using, but my main objective here is to allow you to ask questions and I'll do my best to answer those at the end. So please do send them through in the normal way and we'll get to them. So my first slide here is a disclaimer. which I will leave you to read at your leisure. This is an outline of what I plan to go through today. There'll be a brief operational update to look at the first half of the year. And then we'll dig into financial performance and our focus on shareholder value in the next section. There'll be a brief portfolio overview to remind you of the geography and the activity sets we have across the portfolio. I'll give a brief update on the investigation that has been effective for the companies for a number of years now, and then summarize the . Please do send in your questions and we'll get to them as soon as we can. First up is the production over the first half of the year. And as you can see, it's been stable and at about 4,300 barrels for the last two quarters. And this is accommodating a slight normal reservoir decline that we see with a greater efficiency of the infrastructure and well uptime that is kind of worked against that. So we've seen flat production for the first half of the year. I think the main thing I want to emphasize here that is in June, the Axima rig arrived in country from Gabon and has started a drilling program of five wells o...