Petronor E&P Asa (PTEAF) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.816 Good morning. My name is Jens Pace. I'm the CEO of Petronor. 00:00:04.816 -- 00:00:09.962 And it's good to be back here in a somewhat wintry Oslo to follow up 00:00:09.962 -- 00:00:15.809 the fourth quarter results report that we put out at 6.30 this morning. 00:00:15.809 -- 00:00:18.652 I have a brief presentation, 00:00:18.652 -- 00:00:23.458 which we'll go through. But my main purpose here is to answer your questions. 00:00:23.458 -- 00:00:29.562 So please send them in. And we'll deal with them after a few slides. 00:00:30.524 -- 00:00:35.470 So first, the disclaimer, and I can't imagine there's many of you that look at these 00:00:35.470 -- 00:00:40.537 things, but there is a change from the last time we had this up on 00:00:40.537 -- 00:00:45.563 a screen. With the relinquishment of our position in the Gambia, the A4 00:00:45.563 -- 00:00:50.570 license in the Gambia, we've removed references to Dr. 00:00:50.570 -- 00:00:55.937 Adam Law of ERCE, who did our independent assessment of prospective resources. 00:00:55.937 -- 00:00:58.520 So he no longer appears on the disclaimer. 00:00:58.520 -- 00:01:01.725 Those eagle-eyed of you might have noticed that. 00:01:01.725 -- 00:01:07.154 So first of all, an outline of the presentation, and while the fourth quarter 00:01:07.154 -- 00:01:12.502 results show a very strong operational story, 00:01:12.502 -- 00:01:17.530 I can't avoid dealing with the announcement that 00:01:17.530 -- 00:01:20.575 we made a couple of weeks ago regarding 00:01:20.575 -- 00:01:23.199 UrcaCrim's decision to 00:01:23.199 -- 00:01:28.248 indict a subsidiary of the company. So we're going to deal with that up front and 00:01:28.248 -- 00:01:33.357 then get into the operational update, financial performance, a b...