DNO ASA (DTNOY) This autumn 2025 Earnings Name Transcript

Jostein Lovas

Good morning, and welcome to DNO’s Full Yr 2025 Interim Outcomes Earnings Name. My identify is Jostein Lovas, and I’m the Communication Supervisor right here at DNO. As you could perceive from the colour photograph, we have had a landmark 12 months with plenty of celebration. Lately, our Board of Administrators and senior administration have been in Kurdistan, marking that 500 million barrels of oil have been produced from our operated Tawke license. This photograph exhibits our 2 cooks, Government Chairman, Bijan Mossavar-Rahmani, reducing the cake along with the chef on the Tawke discipline.

Now again to Oslo and the outcomes. Current with me right here as we speak are Managing Director, Chris Spencer; and CFO, Birgitte Wendelbo Johansen. And the Chairman is becoming a member of us on-line from New York, and we are going to kick off the presentation. Please, Bijan, go forward.

Sesame Mossavar-Rahmani
Government Chairman

Jostein, thanks, and good morning to everybody attending this name. We’ll, after all, be discussing the interim outcomes for the fourth quarter of 2025 and for the total 12 months, but in addition taking a peak have a look at the course of the corporate in 2026, our objectives, our targets, our plans and packages. As Jostein talked about, 2025 has been a really transformative 12 months for DNO with milestones and data. He talked about the good milestone of 500 million barrels produced from the Tawke license that features the Tawke discipline itself and the Peshkabir discipline. 500 million barrels produced is a number of barrels. And this discipline has outperformed the expectations of many not essentially ours. We have all the time recognized this can be a crucial license. And