Harbour Energy plc

Good morning and welcome to the Harbour Energy 2026 Half Year Results. I will now hand over to Elizabeth Brooks, SVP Investor Relations. Elizabeth please go ahead. Thank you Aidan.

Good morning everyone and welcome to the Harbour Energy 2026 Half Year Results call. We have presented today our CEO Linda Cook, our CFO Alexander Krane and our Chief Operating Officer Nigel Hearne. Turning to today's agenda, Linda will begin by discussing our strategy and the highlights of another strong period for Harbour. Nigel will cover operational performance, followed by Alexander, who will take you through our financial results, guidance and outlook. We'll then return to Linda for some closing remarks before we open up for Q&A. With that, over to you Linda.

Good morning everyone and thanks for joining the call. For those of you who are new to Harbour, maybe just a bit of a reminder. From the beginning, we set a vision to build a leading global independent oil and gas company. Following our first acquisition nearly 10 years ago in the UK, our priority was to build scale and to diversify, which we achieved through acquiring Wintershall DEA in 2024. And now, with the recently completed Log and Waldorf transactions, we further strengthen the portfolio's resilience and longevity. As a result of our disciplined investment, integration capability and active portfolio management, Today we're producing half a million barrels per day centered on five core countries and increasingly weighted towards lower cost and lower tax basins with growth potential. As we look ahead, we remain focused on continuing to execute our strategy, leveraging our scale and diverse portfolio to create value through our four strategic priorities. Sustaining production at scale, building a competitive portfolio of reserves and resources, maintaining financial resilience, and delivering competitive shareholder returns. So now turning to highlights from our results announced earlier today. The first half was another strong period for Harbor, operationally, strategically, and financially. Excellent operational execution led to record production of more than 500,000 barrels per day, with strong contributions from Norway and our new business in the US, where we've seen strong results from recently completed wells. This enabled us to improve our full-year production guidance for the second time this year. We also made good progress advancing our priority development opportunities, including high-return projects in Norway and the US, alongside our longer-term growth prospects in Mexico and Argentina. And we completed three significant transactions that further strengthened and simplified the portfolio. Through the acquisition of log exploration in the US, we added a new core country with operated oil-weighted assets and a compelling growth profile in one of the world's most prolific oil and gas basins. We enhanced the resilience of our UK business through the Waldorf acquisition, which delivers significant financial and operational synergies. and we divested our high-cost non-core assets in Indonesia following our exit from Vietnam last year, which further improved overall portfolio quality. As a result, and supported by elevated prices for both Brent oil and European gas, we generated significant free cash flow during the period. Given this and our outlook for the second half, we've increased our full-year free cash flow estimate to $1.8 billion. The performance has enabled us to pay down debt faster following the log acquisition and accelerate delivery of material shareholder distributions, including a new $250 million share buyback program announced today. And now I'm going to turn it over to Nigel, who will take you through our operational performance.