Pantheon Resources Plc

Good afternoon ladies and gentlemen and welcome to the Pantheon Resources Investor Presentation. Throughout today's recorded presentation, investors will be in listening mode. Questions are encouraged, they can be submitted at any time just using the Q&A tab situated on the right hand corner of your screen. Given the significant attendance on today's call, the company may not be in a position to answer every question received during the meeting itself, however the company can review all questions and will publish those where it's appropriate to do so. Before we begin, we'd like to submit the following poll and I'm sure the company will be most grateful for your participation. I'd now like to hand over to Senior Vice President of Investor Relations, Nathan Cherry. Nathan, good afternoon.

Good morning from Houston and good afternoon to those in the UK and elsewhere. Thank you for joining us today here at Pantheon. We're very excited to discuss our 2026 interim results and corporate updates. I'm Nathan Cherry, Pantheon's SVP of Investor Relations, and I'll kick things off with our agenda today. So first, I'll be handing it over to our chairman, Michael Spencer, for his remarks and message. Then you'll hear from our CEO, Max Easley, about Alaska's importance in a globally connected energy market and recent developments as it pertains to Alaska. Eric Krimenacher, our chief development officer, will walk us through today's announcement on the recently completed seismic reprocessing effort and the implications for Kodiak as resource-based You'll hear again from Max on Pantheon's farm-out process with an update and details there. And finally, we'll close our prepared remarks with Tralisa Mirage, Pantheon's Chief Financial Officer, who will cover Pantheon's mid-year results as announced this morning. We'll then close with a question-and-answer session, and you heard about those logistics from Mark at the top of the call. And before we dig in, I'll orient you to our disclaimer page shown here. at the front of the presentation. Please review it. Please familiarize yourself with the concept of forward-looking statements and the like. We will be posting a replay of this webinar online, including the Q&A portion. And with that, I will hand it over to Pantheon's chairman, Michael Spencer.

Nathan, thank you. Thank you very much. And a genuine welcome to all of you who are joining this call today, whether you are in Europe or the United States. you are most welcome. As many of you know I joined Pantene as chairman in the spring of this year so I'm only in the job for six months and it has been an exciting, challenging and very fulfilling role and I've enjoyed it. One of the things I want to share with you is after this period I'm absolutely convinced as to the core value of the underlying assets we have. Indeed this has been confirmed by the detailed seismic work that we've undertaken and mentioned indeed in our results since the spring of this year and this gives me considerable confidence going forward and representing to you all as to the good position that Pantheon is in and the value of our business and what we ought to be able to achieve going forward. And I see my role as chairman very much as leading our farm-out negotiations to get a really good deal for our shareholders, many of them whom I know have been long-suffering, if I might put it that way. There have been, in fairness, hurdles in our way this past 6 months not least of which by the way has been the seismic program itself obviously all the many institute companies in our data room have quite sensibly been keen to see the final results of our seismic program before fully committing why would they do otherwise to negotiations with us and also of course the debate as to where we stand on the gas pipeline which we expect will happen by the way and we are confident will happen but it has been delayed rather unfortunately for us because that would be a very significant bonus to our project on the Kodiak fields and others the history from Pantheon I know has been a volatile one but I genuinely now believe we're coming to a pivotal and positive moment and I urge all of you shareholders absolutely this is the time to stay with this project and not to lose faith and confidence in it. I now will hand on. Thank you.