Good morning, ladies and gentlemen, and welcome to Energean's full year 2025 results call. After the speaker's remarks, there'll be a question and answer session. If you have a question, we ask that you please use the Raise Hand function at the bottom of your Zoom screen. Once your name has been announced, please unmute yourself and ask your question. If you want to withdraw your question, please lower your hand using the Raise Hand function. For those watching our live stream, we ask that you please use the Ask a Question tab in the top right hand of your player to ask your anonymous question. We will repeat these instructions before we begin the Q&A section of this call. I will now hand over to Energean CEO, Mathios Rigas. Please go ahead. Good morning, and thank you all for joining us for our full year results call. I want to begin, as I always do, by acknowledging the context in which this call is being taking place and the situation that is evolving around us. The broader Middle East conflict and the regional escalation that we're watching is obviously very serious and the first thing that I want to say is that our thoughts are with the people of the region, our colleagues, our partners, and all the communities where we operate. Safety remains and will always remain the first priority for Energean. Against this, I want to be clear today about three things before we get into the numbers and before we get into the results, which is the main purpose of the presentation. I will talk about where we stand operationally, I will talk about how financially resilient we are, and why the long-term case of Energean remains intact, in my view. As you all know, when this war started about 20 days ago, we were instructed by the Ministry of Energy and Infrastructure of Israel to suspend production and all the activities of the Energean Power FPSO until further notice. We acted immediately, as we all do. As I said earlier, the safety of our people is our highest priority, and we fully supported the decision of the ministry because that is keeping everybody safe. For those of you that have followed us and know our story from last year, you know that we've been there before. We're managing a situation that we've managed before. In June of last year, as you remember, the ministry ordered us to shut down, and 12 days later, they gave us the green light to restart. It took us 24-48 hours to get back up to full production and ended up the year at the higher end of our 2025 guidance. Our operational team, the people that run the FPSO, run onshore and offshore operations, are in the best position to restart our production and get us back online as soon as we get the green light. We've done it before. We know how to do it, and we are standing by, ready to restart as soon as we get back the green light to restart. The one thing I can't tell you, because I will not speculate about how long this is going to take, is that we're in constant communication with both the Ministry of Defense and the Ministry of Energy, and we're all aligned about the importance of restarting this operation, and we will restart very soon is my expectation. The second point is the obvious question, how is this affecting us as a business and how resilient we are? Let me be very specific. I'll give you a very simple number that frames the discussion. Our monthly running costs in Israel are $10 million. That's the cost of operating the FPSO, our people, our staff, and of course, on top of that, we have the financial costs, but we're sitting on more than $300 million of liquidity. All our debt reserve accounts are filled, and most importantly, our finance team did a phenomenal job to refinance all our debt facilities, so we have no debt maturities ahead of us. There's no financial pressure. Of course, it hurts not to produce from Israel, but in the bigger scheme of things, and with oil and gas in the ground, we will produce this oil and gas as soon as we get the green light. Panos will obviously give you the details, but beyond Israel, all other production facilities in Egypt and Italy, Greece, which is back online at the moment, we are benefiting from the higher commodity prices, and that is strengthening significantly the cash flow of what I call the international business outside of Israel. Another obvious question that people are asking us and are worried about is what's happening with our contracts and our buyers. I refer to the exact same situation that we went through before. We were in a situation like this last year and force majeure applies. We have no take-or-pay provisions and our buyers are serving the market with alternative sources. As soon as we get online, we will start selling gas to them without any financial burden. Next important point and question that people are asking is what is happening with our growth and our projects. We find ourselves in a very fortunate situation that Katlan, our major investment is that all the key activities are happening outside of Israel for the time being, so we see no impact so far on the schedule. We remain confident that Katlan will be on stream in the first half of 2027. Again, the caveat that this conflict ends in the near future, and we will be able to get back on track to drill the wells that we planned in May, bring the construction vessels in May and keep the project going. If I can have the first slide, please. Now, despite the challenges that we faced in 2025, we maintained group production at 154,000 barrels a day, which is the upper end of our guidance. We were able to recover from the shutdown we had last year and get back up to an average of 154,000. Our EBITDAX of $1.1 billion, our operating cash flow of similar levels and the strength of our contracts. I remind everyone, we have $20 billion worth of gas contracts signed for the next 15 years. Gives us a very strong base to work from and, be confident about the resilience of this business for the future. I mentioned earlier about our balance sheet. Panos will give you more details. I repeat, no pressure at the moment from any front on Energean. We're very confident that as soon as this is over, we go back into normal operations. Last, before we turn the floor to Panos to go to take you through the numbers, I want to talk about our investment thesis and growth, because that is a key focus for us for the year to come. Three very important points. One, in our existing business in Egypt, we are working very closely with the government to complete the merger of the three concessions that will allow us to invest more in the country. We believe in Egypt, we believe it's a great place to produce oil and gas. The country needs every drop of oil and gas it can produce, and we have an excellent relationship with the government that is making every effort they can to support us on all fronts, and we'll go into details later. Two, in Greece, we completed in March the farm out to Exxon of our wells in Block 2, and this is a fantastic prospect. It's an exploration well that we will drill in February of 2027 that has great prospectivity and very limited financial impact on us in a no success case. Last but not least, and I'll close with this, we are continuing to grow. We said we will go to West Africa, and we delivered on what we said, as we always do. You all know we signed a deal to buy Block 14, the operated position of Chevron in Angola, our first project in West Africa. We needed, and we said we would diversify and add a third production leg, for our business, and we did it. We're working now to get to closing. It's a great asset that allows us to start from a very nice base in Angola, our expansion in West Africa. Overall, as I said in the beginning, I feel that we are in the best position to manage this crisis. We've done it before. We know how to manage a crisis like this. The team, the operating team is in a great position to shut down, but most importantly, to restart as soon as possible. We're financially strong, and we're totally focused on growth and managing all our balance sheet and liabilities in the future. I remain confident and optimistic, obviously in a very challenging situation, but this is what this management is built to do, manage challenges and continue the growth of the business as we've always done. With this, let me hand over to Panos to take us through the results of 2025. Thank you, Mathios. Good morning from me as well. Moving to slide five, please. 2025 was a mixed year, with a challenging first six months until June when our Karish field was shut in for a few weeks. Followed by a record second half of the year where the company recorded average production of more than 170,000 barrels a day, with August being a record month with 180,000 barrels a day. As a result, the total production came in just a bit higher than 2024 at 51.5 million barrels of oil equivalent, with higher gas production offsetting the lower oil production, which was affected by the Rospo field in Italy, shutdown. Total revenue came in flat compared to 2024, just below $1.8 billion, with higher gas production and prices achieved, as well as the insurance proceeds we had linked to the Rospo oil incident, offsetting the lower oil production and prices compared to 2024. Moving to slide 6. I would like to highlight a couple more KPIs that we always record and guide. Gas cost of production and G&A flat, which is actually, I have to say, a modest reduction if adjusted for the weakness of the dollar versus our sterling, euro, and shekel OpEx, in 2025. Adjusted EBITDAX came in just below 2024 figure at $1.117 billion. The final P&L result, however, as flagged in our January trading update, came in at $250 million loss, effectively being the impact of our Cassiopea gas field impairment, which including the annual depreciation on the field, plus the adjustment of the deferred tax asset, had an impact of circa $550 million. If adjusted with that, the profitability of the business would have been almost double than last year. CapEx, development CapEx specifically came in 20% lower than 2024, but still pretty high. We want it to be high because that means that the Katlan project is going as planned. Our OpEx came in at $60 million at the lower end of the guidance, reflecting better performance of decommissioning costs and the ability of the respective teams to keep on deferring decommissioning. Moving to slide 7, please. A familiar slide for people that follow our presentations, but always an important one to highlight the commercial structure of our revenues, where the long-term gas contracts in Israel and Egypt have a hard floor price mechanism, protecting our base revenues and profitability when oil and gas prices are low, but then are complemented by circa 20% of our total production being priced off Brent and PSV, representing 40% of our revenue stream in 2024 and 30% in 2025. We expect if prices remain as they are now, during the 2026, and I'm not talking about 110 barrels, we have adjusted our profiles at around 80-85 for the full year. We do expect these open market barrels of our total production to make more than 50% of the total revenue of the year. Slide 8, please. In a very challenging and volatile environment, as Mathios mentioned, for our sector, and especially in the region we operate, our capital structure provide us enough flexibility and time to manage both our liquidity and capital allocation at the most optimum way. On the back of our 18-year reserve life and more than 20 billion of gas contracts expanding well into the late 2030s, we have a weighted average maturity of all our loans of around 6 years and a weighted average cost of debt of 7%. Most importantly, no debt maturity until 2028. Our net debt position for the year came in $50 million higher than guided at $3.25 billion, but that was the result of effectively slower recoverability of our EGPC receivables in the year versus what we were expecting. However, I have to flag here that the progress has been very good since January, and we are getting those receivables down. Of course, our euro and shekel-denominated credit lines and notes that, given the dollar weakness, we had an impact of around $40 million linked to that effect. I have to flag that this is unrealized since maturity have not happened yet. Closing with next slide 9, please. The guidance for the year, where we will need to update our guidance for Israeli-linked figures. The rest of the numbers are pretty much in line with what we had guided earlier in the year in January. With the rest of the portfolio of the company still guided at mid-30s, 32,000-36,000 barrels a day. Our OpEx, we expect it to stay at around $190 or $200 million for the rest of the portfolio. Our cash G&A, as you have seen years now, we are pretty much consistent around the $35 million mark. On the capital expenditure, we don't expect investment to go more than $100 million and our decommissioning to continue as always guided at around $60 million per annum. A very light exploration expenditure, especially given that we are carried to the big wells that Mathios mentioned. Our net debt, again, this is a very provisional number at around $3.2-$3.3 billion as guided initially. This is a very odd position to be as a CFO, not provide guidance on some figures. Obviously, we have run a number of sensitivities, and I would like to share those, let's call it the soft guidance, to our investors and analysts. Roughly for each month of shutting production, you can assume roughly 10,000, 9,000-10,000 barrels a day, reduction in the initial guidance. The OpEx line, for the time being, you should consider to be similar because we're keeping the facilities ready to turn on within 24-48 hours, reflecting what Mathios said that our expectation is that this is a short-term, event. The same applying to the Katlan CapEx. For the time being, all projects are on time and they haven't been affected. Of course, we do have the flexibility to postpone that, and we're keeping a close eye. Technical operations and HSE, of course, have the first. You know, they will need to advise us on that. For the time being, we're on track on all our projects. Mathios, back to you. Thank you. Let's move to the next slide, please. Very quickly, a high-level comment on HSE, which is extremely important, and even more important these days. All our ratios and all our KPIs have improved in 2025. Even our emissions came down by 11%. I know this is not the priority clearly when we have a war going on, but we remain committed to our sustainability, the sustainability of this business. Next one, please. Production shows. I think this slide shows the resilience of our production. 154,000 barrels of average production 2025. A very strong start of the year with 155, and it was going to get higher. Third and fourth quarter, strongest ever third and fourth quarter production in 2025, reflecting the strong operational performance of the FPSO and all the other assets. also the better understanding of the market and stronger sales in the shoulder months to fill in the gaps of the lower demand months in Israel. Next one, please. This is, for me, probably one of the most important slides, and I'm talking about reserves, because this is what this business is about. We're sitting on 1 billion barrels of 2P reserves across all our fields. An 18-year reserve life, which is obviously matched with the gas contracts we have in Israel. On top of that, close to 200 million barrels of 2C resources that we're working with our technical team and our commercial teams to convert to 2P. Most importantly, in this existing portfolio, close to 2.6 billion barrels of oil equivalent of STOIIP or gas in place of prospective resources that we are targeting to move through the drill bit into 2C and 2P. This is a great portfolio to be handling, and a lot of people ask me if I'm happy that we have kept the portfolio following the Carlyle fallout. The answer is absolutely yes, because there is huge upside in our existing business, regardless of M&A, regardless of any new transactions. We have gas to discover in Egypt under our platforms, gas to discover in Greece with Block 2. Gas, more gas to discover in our existing other assets in Israel. Oil to be produced and discovered or developed in Italy. It's a portfolio full of opportunities without the need for any additional M&A, and all of them are next to existing infrastructure. That's what makes it a very exciting portfolio to be managing. Next, please. A bit of a deeper dive in Israel. I will not repeat what I said before on the highlights. In 2025, we added another $4 billion of new long-term gas contracts, getting our total to over $20 billion of contracted revenue. Katlan is, as we mentioned earlier, on track. I repeat that all the works at the moment are being done outside of Israel. May is the critical month for our operations, but as Panos said, we have the flexibility to push things back, and this is the benefit of being an operator. I remind everyone that we are in this unique situation of being independent with a deep-water operating capability. That's what we intend to continue to do because that gives us total control over our projects, over how we want to spend our CapEx, how we deal with our contractors, and how we manage financial liabilities on our balance sheet. This has been our strategy from day one. This is what we did in Angola. I'll come to Angola in a minute. This is what gives us the control of our destiny and our life. Next, please. Egypt is a country that, as I said earlier, I really like and I really trust, despite the challenges, and there are challenges there that are increasing because of the energy crisis that we're going through at the moment. The relationship with the government is excellent. We're working very closely with EGAS, EGPC, the ministry, and all our stakeholders there to complete the merger of the three concessions. This unlocks significant value, and this reduces our G&A and admin costs, giving us the opportunity to invest more. We see a lot of potential sitting under the Abu Qir platform, and this is probably the fastest gas to market that Egypt can get in a period where Egypt needs a lot of gas, as you can imagine, especially with what's going on with the LNG bases around the world. Beyond Abu Qir, which has showed a very stable production and continues to produce above expectations, we have the other project. Go to the next slide, please. Ebn, we're drilling our first wells in 2026, a partnership with INA from Croatia. Wells will be drilled. We're targeting close to 270 million barrels of STOIIP volumes onshore, low-cost wells, very fast to develop. A very nice project to add to our Egyptian team's production in 2026. Obviously exploration, obviously with the risks of exploration, but one that if it works, it can turn into cash flow very quickly. Next, please. A group, Italy, Greece, Croatia, and the U.K. I still consider the U.K. Europe. A production base of 12,000 barrels a day from all the assets, obviously benefiting from the higher commodity prices today. Strong cash flow. The Irena project in Croatia is expected to come on stream first half of 2027. That will produce gas in Europe and with the gas prices we're seeing today, this is a fantastic opportunity to invest. Not a huge one like Karish obviously, but a very nice addition to our European production. The big one, of course, that we're expecting, and this is one that we're looking forward to, next slide please, is Block 2 in Greece, where we have formed a very strong alliance with Exxon that farmed into our well, took a 60% working interest. Energean remains the operator, and we're very proud that Exxon trusts Energean to be the operator of this exploration well, which is a testament to our operating capabilities in the deep waters of the East Mediterranean. We will drill the well in early 2027. As Panos said, it's a well that will be carried and we have already received all our past costs. Targeting close to 10 TCF of gas in the middle of two countries that need a lot of gas, both Italy and Greece, and especially with what's going on now, these are even more important projects. We got the approvals from the Greek government in record time. November, we signed the deal. Deal that was witnessed by Secretary Wright and Secretary Burgum of the United States, showing the support that this project has from the US administration. Next, please. I will close with the new area, the strategic entry of offshore Angola. In Block 14, we signed an agreement with Chevron to take over the 31% operated position they have in the block. A block that has today about 28 million barrels, is producing net working interest 13,000 barrels for the percentage that we're buying. Cash flowing close to $90 million. These are all based on old prices, obviously. Most importantly, it gives us the strong base to create and start our expansion into Africa, diversifying from the Med and getting a new area of operation that we believe has huge potential because we start always with the rocks. We start with the subsurface. We believe there's a lot of upside in the PKBP projects in Angola in Block 14. We will be working on that. This is in line with our strategy that I've outlined many times, which is to go after projects that are immaterial or below the radar screen of the majors. Look for opportunities to cut costs. Look for opportunities to develop assets next to existing infrastructure. This is exactly what we did in Israel. We took over Karish, developed it and started to add assets next to it like Katlan and later Tanin. This is exactly what we did with Egypt. We took over Abu Qir and then added NEA/NI with a subsea tieback to increase and stabilize production. This is exactly what we will do in Angola. We have the unique position of being a deep water operator, independent with deep water operating capabilities, targeting projects that are below the radar screen of the majors. It's very complementary for the country. It's very complementary for our relationships with the majors or like Chevron and Exxon in Greece. I believe that this gives us a great base to add more into our portfolio going forward in West Africa. Next one, I will hand back to Panos because this is a deal that has been led by him and the M&A team to walk you through next steps and what we plan to do with the asset. All right. Thank you, Mathios. On Block 14, the transaction highlights are $260 million base consideration with a lock box date of 1 January 2026. Transaction is subject to the usual government regulatory approval and waiver of the preemption rights. The target closing is within 2026. We hope that we will be able to achieve that as soon as possible. The funding of this transaction is expected to be a combination of the non-recourse reserve-based loan and the available group liquidity. As Mathios said, we are very excited about the potential of both our new country entry and specifically Block 14. In addition to the roughly 30 million barrels we're acquiring, an asset that is currently doing around 13,000 barrels a day. The 120 million of EBITDAX for 2025 at an average oil price of just above $60 and around 90 million of operating cash flow. We have the PKBP development near infrastructure development where we would like or we're aiming to start subject, of course, to the approval and alignment with our new partners. A 5-well initial development where we can see a 6,000 barrels a day additional production and further material upside. The whole area of that PKBP area is around 30 million barrels of 2P reserves, with one well drilled so far and producing 72 million barrels of 2C resources and 600 million barrels of gross STOIIP. The potential are great. We can't wait to get our hands on the asset and make that development a little bit more ambitious. Of course, there are additional opportunities around Block 14 and the existing infrastructure what makes those very economic. As Mathios said, we will try to apply what we've learned and what we are doing currently in Israel, where we do have the base infrastructure in place, and that allows us to monetize different accumulations around our FPSO very quickly and very profitably. We expect to do the same in Block 14, where we have two appraised fields, the Malanze and Lukapa, within Block 14. This is a very simple subsea tieback development. Of course, two additional discoveries which we would like to appraise as soon as possible with our partners. Energean is well qualified to apply its experience and track record as a deepwater operator in the East Med now into West Africa. This acquisition, as we have mentioned in the past, provides a foothold for further inorganic growth in the region. We continue seeking for opportunities, and we hope and trust you will hear from us very soon for further exciting new transactions. Always within the discipline and the capital allocation priorities we have already communicated to our shareholders. Mathios, back to you. Thank you. Let's get to the final slide. What to look for. Obviously, we all want a safe restart of production operations in Israel, and that's our top focus, and continuing to produce from the rest of the portfolio. We focus on value. Value created through the deal that we're negotiating with the Egyptian authorities that will allow us to invest more in the country that we really like and trust. We look to complete the Katlan project during 2026 and be able to start in the first half of 2027 without any interruption. We look for exploration growth in our existing portfolio. I mentioned earlier the wells that are planned to be drilled in the next 18 months, both in Egypt and Greece. We look for the completion of our entry into Angola, adding another 12-13 barrels of existing production, increasing production in West Africa and building our presence there in the same way we build it in the Mediterranean. All of that, as Panos said, with a very strict capital discipline. We recognize that, the oil price is, where it is today and, any deal has to be very value accretive to our shareholders. We will do only deals that add value to us and to our shareholders and are in line with our trajectory of, growth, but also deleveraging, which is very firmly focused in our minds to bring our leverage ratios down to where we have communicated before that our targets are going to be. Closing, before I open for questions, I want to say just a personal note. Energean was built for this exact environment that we're going through right now. We've chosen to operate in challenging geopolitical environments, not because we like to be involved in wars, but that's where oil and gas exists and that is what we know very well how to handle. We know how to handle above-surface issues. We know how to navigate these challenging times. We've done it before, and we will continue to operate safely and making sure that all our people are safe, our facilities are safe, and we maximize value for all our shareholders, as we've done from the day of our IPO all the way to today. With that, I want to thank you for being with us today and open the floor to questions. Ladies and gentlemen, we will now begin our Q&A session. If you have a question, we ask that you please use the Raise Hand function at the bottom of your Zoom screen. Once your name has been announced, you can ask a question. If you want to withdraw your question, please lower your hand using the Raise Hand function. For those watching our live stream, we ask that you please use the Ask a Question tab in the top right-hand of your player to ask your anonymous question to be read out. Thank you and a moment for the first question, please. Our first question comes from Dave Round with Stifel. Please unmute your line and ask your question. I'm pretty sure I'm unmuted. Couple of questions from me, please. Firstly, you mentioned a couple of times that that Karish could be a short-term event. I'm just wondering if there are any discussions ongoing in the background that that give you confidence that will be the case or or whether it's just the fact you've been in this situation before and, you know, you've sort of been the situation, and that kind of gives you confidence that, you know, with that situation that things will open up. The second one was on Katlan, please. I mean, comments that it remains on track, which is great. I suppose I'm just slightly taking the other side, and I appreciate it's not your base case, but under what circumstances might you choose to slow that down? To what extent would you be able to slow it down if you wanted to? Thank you. Thank you for the question, David. Why am I confident? You're right. We've been there before. We've seen it, and we've seen how situations like this, one day you get a green light that says, "We're now safe to restart." This is not just about the wider geopolitics and what is going on. It's about the confidence that the IDF and the security services have in Israel that they can protect this very strategic asset for the country. I'm not going to speculate. I don't think anybody in this planet can predict when this escalation and this war is going to be over. What I do know is that the region needs so much gas. The moment that people feel that it is safe to restart, we will restart immediately. This is the message that we're getting from the government of Israel, because simply everybody needs the gas. On your second question about Katlan, we are in a very fortunate situation that, as I said earlier, all the work streams at the moment are happening outside of Israel. The critical month, as I said, is May, because that is when we are scheduled to have drilling rigs and construction vessels in Israel. We're working very closely with all the contractors that have those rigs and the construction vessels to make sure that they're comfortable also to operate in this environment. Today, there is activity going on in Israel. Tankers and ships go in and out of the port of Haifa every day to bring fuel, supplies and all the rest. Operations keep going. This is something that again, that we will work very closely with the ministers, the ministries in Israel to make sure that everything is done safely for people and assets. If this war continues beyond May, then, you know, we have the choice to delay things, push things back, and of course, that will have an impact on the schedule of Katlan. We were very careful to state that as of today and based on the scenario that we go back to a more normal situation in the next 3-4 weeks, then we see no schedule impact on Katlan. If this extends, then obviously we will advise the market and give proper guidance as soon as we know. Okay, thanks. Very clear. As a reminder, if you would like to ask a question, please use the Raise Hand feature. Once you have been invited to ask your question, please unmute and ask your question. A moment for the queue to form, please. At this point, there are no more questions. I will now hand back over to Mathios Rigas for closing remarks. Thank you. It's surprising not to have any further questions. I assume we covered all your questions and everything that everybody needed to ask. We remain available for everyone, analysts, investors, colleagues, 24/7 to provide any answers or support that you may need. As I said earlier, and I will repeat it again, Energean is made to handle this situation and grow out of it stronger. We're resilient. We have the balance sheet. We have the operating capability. We have the growth potential. Despite the challenges, we see, you know, great opportunities ahead. Thank you very much, and I look forward to seeing you all, especially my colleagues in Israel, very soon. This concludes today's call. Thank you everyone for joining. You may now disconnect.