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Good morning and welcome to ProSafe's Q4 2020 results and business update. If we turn quickly to page 2 containing the disclaimer, you will note that that is identical to what you have seen in past presentations. Go to page 3 on the agenda. Stig Christiansen, CFO, and myself Jesper Krau-Andresen alternate on the agenda items. Stig will shortly kick us off with an update on the financial situation and I will take us through highlights for the quarter. Stig will take us through the financial results and then I will round us off with a commercial update as well as a summary and outlook. So with that quick intro, I pass the word to Stig, turning us to page four and an update on the financial situation. Stig?

Thank you Jesper and good morning everyone. As Jesper stated, we are on slide four, update on financial situation. As you know, we have been in the process with our lenders now for about a year, actually a little over than a year. Not surprisingly, these processes take a lot of time. There are many parties involved and there are many challenges to be solved. However, I think it's important to underscore from the company's point of view that our lenders are very constructive. And as such, I would also claim that the process, although lengthy and a test to our patients, has been and remain very constructive, which is the key point. Everyone is pulling in the same direction and we're looking for a solution. And I would like to underscore as well that so far, contrary to many other processes, we are still aiming to achieve a so-called consensual out-of-court solution, which will also for the benefit of all, be certainly, although expensive, much less expensive than other processes would otherwise be. So we remain optimistic and keep focusing on that goal. We therefore hope as well that we, within not too long, speaking in relative terms, should be able to come back to the market and provide a further update and hopefully announce at least an agreement in principle with the vast majority of our lenders such that we in the within not too long hopefully should be able to get everything wrapped up and certainly this spring The result, it is, of course, too early to go into specific details on what the result will be, but it will, of course, lead to a whole different balance sheet, that's for sure, and therefore a whole different basis upon which we can take the company forward towards new horizons to seek to protect and create value from a new basis. It is, however, important to underscore a key message that we have been repeatedly communicating to the market for some time, that the solution we are looking at is anticipated to result in minimal or close to no recovery to the current shareholders of the company, which is unfortunate, but unfortunately the nature of the situation, and it will at least create a new basis for the company for the future. So I think with that, Jesper, I pass the word back to you.

Thanks, Stig. And then I think we turn to page six. Important to start with the important backdrop of the financial situation before we delve into the details of the quarter. Looking at page six of the highlights for the quarter, as you can see on the page, utilization for the quarter stands at only 25%. That is naturally a low utilization figure for any asset heavy operators such as ProSafe, and you will know that there's some seasonality in our industry, where the 25% basically reflects the two vessels we have in operation in Brazil, whereas the fleet is not in operation this time of year in the North Sea, and hasn't been for 2020, as we have labeled that a lost year in other respects. Despite the low utilization and despite the lower average day rate we see, we are still able to report a marginally positive EBITDA for the quarter of 0.7 million due to good cost performance. The cash flow from operations was negative by 2.3 million in this off-season quarter and guess partly also testament to the support we have from our lenders. We were in the quarter able to win and extend a few contracts. We have added 90 days plus 60 of work in 2022 at EcoFisk in Norway. We have extended the safe notice for about a year, meaning that that runs until mid-November 2021 and only paused by an SPS in 2021, which is actually coming to an end as we are having this presentation. And additionally, we have 117 days of firm period followed by options in Trinidad, meaning a new geography and new client for ProSafe. And we have ongoing tenders for 2021 and 2022, which I'll touch upon briefly when we get to the commercial update. Finally, total liquidity stands of 160 million at year end. On that basis I will pass over the word to Stig to take us to slide eight and a more in-depth look in the financial results.