Dolphin Drilling As

Good day and thank you for standing by. Welcome to the Dolphin Drilling 2024 Q4 Report conference call and webcast. At this time, all participants will be in listen-only mode. After the speaker's presentation, there will be a question and answer session. You may submit your questions via the webcast at any time by typing them in the question box and click submit. Please note that today's conference is being recorded. I would now like to turn the conference over to your speaker, John Oliver Bryce, Interim President and CEO.

Please go ahead. Thank you for that introduction and good afternoon everybody.

My name is John Oliver Bryce and I am the recently appointed interim CEO of Dolphin Drilling. I'm very pleased to be here today and present to you Dolphin Drilling's fourth quarter and preliminary full year 2024 financial results. To help me do this today I have with me Dolphin's CFO Stephen Cox and I also have Ingolf Gillestad from our investor relations team. So on this call, we will present our financial performance. We will share some of our operational highlights and we will give you some commentary on the market in which we operate in. And at the end of the presentation, we will hold a Q&A. In summary, then, Dolphin Drilling ended the year in a stronger position as compared to the year before. Through a combination of organic activity and acquisitional growth during 2024, Dolphin now has two units working, both with secured term backlog. The company also has a further unit in layup, which is being marketed worldwide and can be mobilized at relatively short notice. 2025 is Dolphin Drilling's 60th anniversary and with a tightening rig market, especially in the more semi-submersible supply side. This underpinned by strong oil price fundamentals, we have good reason to be optimistic about the future. Going forward, we will look to build on the success of 2024. We will look to secure further backlog for our working units and also new backlog for our unit currently in layup. but being cognizant that the backlog justifies the completion of the rig's reactivation. We will continue to have the highest focus on safe and efficient operations and adhere to our core values of trust, excellence, accountability, and momentum. And finally, we will also operate with strict financial discipline, whether it be in relation to our existing business or to growth opportunities in order to maximize shareholder value. Okay, let's kick off the presentation in detail, and I'll draw your attention to slide two, which is our disclaimer. So moving on to slide three, which is the agenda, we have four bullets there. First one's Q4 and 2024 key financials and events. Second one is the rig fleet. Third one is the market. And the fourth one is summary followed by Q&A. So I'm going to hand over now to Dolphin's CFO, Stephen Cox, to walk us through Section 1. Stephen.