Prosafe Se (PRSEF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.638 Hello, and welcome everyone to this Q1 presentation for ProSafe. 00:00:05.638 -- 00:00:11.105 I'm Reece McNeil. I'm the CEO. I have also here with me today Alvin, our CFO, 00:00:11.105 -- 00:00:14.929 and welcome again to the presentation. We're going to run through the presentation. 00:00:14.929 -- 00:00:19.555 If there's questions, please send them to us by email, and we'll pick that up in the 00:00:19.555 -- 00:00:23.718 Q&A session at the end of this presentation. 00:00:25.162 -- 00:00:29.462 I would like to start off. The presentation for this quarter, talking a little bit about 00:00:29.462 -- 00:00:34.129 what we've got done this quarter. I've been very impressed by how the team has delivered 00:00:34.129 -- 00:00:38.937 this quarter. First, touching briefly on operations, it was a quarter where we had all 00:00:38.937 -- 00:00:44.085 of the rigs operating. Caledonia, she extended 00:00:44.085 -- 00:00:48.111 through, got all of her options and successfully demobilized. 00:00:48.111 -- 00:00:52.242 And we also got Bereas, you know, fully on hire during the quarter. 00:00:52.242 -- 00:00:57.047 And we saw two units do the SPS. I'll talk a little bit about all this later, but I think 00:00:57.047 -- 00:01:01.212 from an operations perspective, it was a very successful quarter for us. 00:01:01.212 -- 00:01:04.816 I think also financially, I hope to talk a bit more on that, but I think you see a very 00:01:04.816 -- 00:01:06.658 strong quarter, 00:01:06.658 -- 00:01:11.383 driven largely by the utilization, of course, of having all the rates working. 00:01:11.383 -- 00:01:16.328 And I think we'll touch a little bit on liquidity, but I think also very positive liquidity 00:01:16.328 -- 00:01:20.609 development, although inevitabl...