DNO ASA (OTCPK:DTNOF) Q2 2025 Earnings Conference Call August 21, 2025 4:00 AM ET
Company Participants
Bijan Mossavar-Rahmani – Executive Chairman
Christopher Spencer – Managing Director
Haakon Sandborg – Chief Financial Officer
Jostein Løvås – Communication Manager
Conference Call Participants
Mehmet Dere – Deutsche Bank AG, Research Division
Jostein Løvås
Good morning, and welcome to DNO’s Second Quarter 2025 Earnings Call. My name is Jostein Løvås, and I am the Communication Manager here at DNO. Present with me in Oslo on this beautiful day in August are Executive Chairman, Bijan Mossavar-Rahmani; Managing Director, Chris Spencer; and CFO, Haakon Sandborg.
At first, Bijan will give an introduction. It will be followed by a presentation of the results, which will be given by Chris and Haakon. After the presentation, we will open for questions in a Q&A session. And as always, shareholders first, but analysts are also welcome to ask questions. Please — press questions will be dealt with afterwards. [Operator Instructions]
With that, let’s get started. I will hand over to Bijan.
Bijan Mossavar-Rahmani
Good morning. Thank you, Jostein, for that introduction. Before we start with the presentation of the operations — operational results, financial results for our second quarter, I just wanted to say a few words first of welcome and to say that we have had, of course, for those of you who have had a chance to see the release or the reports this morning, we’ve had a very, very exciting second quarter at DNO on the back, importantly, of the acquisition of Sval Energi and the bringing together of our assets and our teams.
We’ve had now tremendous results in terms of revenues, in terms of operating profit, in terms of production, in terms of reserves. And it’s really truly been transformational for the company, and we are all very, very excited. Those of
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