Meren Energy Inc.

Hello, everyone. My name is Kahe Alani, and I'll be your conference operator today. At this time, I would like to welcome everyone to Marin's second quarter 2026 results presentation. After the speaker's remarks, there will be a question and answer session. Please note that at any time, participants on the webcast can submit their questions using the questions button on the webcast interface. This event is being recorded, and the recording will be made available for playback on the company's website. I will now pass the meeting to Mr. Shahin Amini. Please go ahead, Mr. Amini.

Hello, everyone. Thank you for joining us today for Meron's second quarter 2026 results presentation. I am Shahin Amini, Head of Investor Relations and Communications at Meron. I am joined today by Oliver Quinn, our Chief Executive Officer, and Aldo Perracini, our Chief Financial Officer. We will begin with prepared remarks and then open the floor to questions. Before we get started, I will remind everyone that remarks made during this session are subject to forward-looking statements which involve significant risk factors and assumptions that could cause actual results to differ materially. More detail on these risks can be found in our regulatory filings on CEDAWplus and on our website. The information discussed is made as of today's date and time, and Marin assumes no obligation to update or revise this information to reflect new events or circumstances, unless if required by law. The company's complete financial statements and related MD&A are available on the company's website and on CDOT+. With that, I will now hand you over to Oliver. Oliver, please go ahead.

Thanks, Shahin, and thank you, everyone, for joining. Starting with slide four, the quarter shows our strategy working exactly as designed. High quality, low cost production underpinning the business and a disciplined capital allocation framework that balances investment in growth, maintaining financial strength and shareholder returns. In the core business, our Nigerian assets delivered to plan with first half production of around 28,000 barrels of oil equivalent per day. And that keeps us firmly on track to meet full year production guidance. At less than $15 a barrel, our cost of operations remains low and resilient through a volatile landscape. Looking forward, there is a significant return to activity in Q4 across all fields, with a well intervention campaign using a dedicated vessel and two rigs returning to commence drilling campaigns across Agbami, Akpo and Agena, including infill wells, discovered resource appraisal and high impact near field exploration. Financially, The picture continues to be one of discipline and financial strength. Net debt to EBITDAX of just 0.5 times, top quarter in our peer group, with around $320 million of total liquidity following the earlier RBL refinancing this year. Also, we've declared our third dividend of 2026, taking year-to-date distributions to $75 million, and since closing the prime amalgamation last year, we have returned $175 million in dividends to our shareholders. So with a robust first half performance and a clear path to recommencing investment activity in our production assets this year, we have raised our full year management guidance and I will cover the detail later in the presentation. Mid to longer term, the wider portfolio has real optionality and we continue with a laser focus on capital allocation as demonstrated with the restructuring of impact oil and gas announced in May. We've simplified impact to create a pure play, Namibia-focused vehicle, removing Meron's exposure to non-core South African exploration costs. This focuses Meron's regional portfolio in the high-quality Orange Basin, with our effective interest in the Venus development and adjacent exploration unchanged, alongside the directly held 18% carried interest in South Africa Orange Basin, Block 3B, 4B. Turning to slide five in our production performance, our assets continue to perform well with entitlement production of around 30,000 BOEs per day. ACPO and Agena performed in line with expectations, and Ibarmi improved progressively through the quarter as the post-turnaround maintenance recovery continued. Importantly, moving back to operational activity begins to provide support to production levels through year-end 2026 and into 2027. With that, I'll hand over to Aldo for some more detail on the financials.