Everyone. Good, good morning, everyone, and welcome to our Q2 presentation. It will be myself, Trond Crantz, presenting today, together with our CFO, Odd Erik Rudshaug. Please observe the disclaimer. So, the agenda for today, we have quite a lot of content to cover, so we'll get right into it. Our highlights, operational updates, we'll have a short description of commercial and business development, progress on technology, financials, and finally, the outlook for the company going forward. So let's start with the highlights. It's been a extremely busy quarter for Argeo, obviously reflected in the strong revenue growth. We have carried out two projects at the same time during the quarter, so it's been quite work intensive for everyone in the company. We've completed the NPD project and the Stromar offshore wind project, which reflects the revenue numbers. We have, as we have reported earlier, been less efficient and struggled with some technical issues underway for the NPD project, which has delayed us some, and this is the result of the lowered EBITDA for the quarter. Otherwise, we have secured our first major oil contract with Shell. This is a big thing for Argeo and qualifies us for a lot of significant projects going forward. We'll say a bit more about that, in later presentations, not today, but it's fair to say that the technology that we develop, our sensors, the systems, and of course, the Hugin Superior, the vessels that we now have, makes us a very attractive service provider in the offshore business. We have also secured a NOK 154 million contract with India's National Centre for Polar and Ocean Research, NCPOR. A project, both of them actually, something that we worked to through the quarter to finalize. A major achievement, of course, for Argeo, and really puts us forward as the main global service provider in the marine mineral business. We have a good backlog, NOK 240 million, from Q4 until Q2 2024. We have an increase in tender volume, nearly NOK 1 billion. And as I'm sure everyone has seen, we have entered into a strategic alliance with Shearwater. We have purchased our next subsea vessel, now called Argeo Venture. We have also submitted two... Being granted two new patents in the quarter. And concluded the purchase agreement of the new Hugin deal with Kongsberg. Subsequent to the quarter, our first Hugin Superior is delivered. It's tested, it works amazingly. And with that, we have entered into the leasing agreement with CSI. We have finalized the conversion of Argeo Searcher, or it will be in a week's time, thereabout. We have taken delivery of Argeo Venture, was done on seventh of November. That vessel is now at Halsnøy Docks, and has started reactivation and conversion. We expect that to be completed in Q1 next year. We have carried out a private placement, gross proceeds of NOK 250 million. Further to that, we have secured a bank loan credit facility of NOK 131 million, and, as previously mentioned, secured an equipment leasing agreement of total NOK 275 million. So, yeah, a lot of successful events during the quarter, no doubt. So just to recap, what is it we do? We provide services in the oil and gas business, mainly for greenfield. We do subsea inspections, pipeline inspections, and so forth. In the offshore wind industry, we do most greenfield activities, basically ensuring that the players building out these projects have good foundation information for their projects when they start the infrastructure installation. Finally, the marine mineral business, which is a fast-growing market, where we are a main player, globally. To the numbers, obviously, much higher revenues compared to last year, nearly 700% up. EBITDA lowered, lower than we expected. And as I said earlier, this is a result of the operations being hampered by weather and some technical issues that we had during the summer. On the upside, we have a very strong, in fact, the strongest backlog ever in Argeo's history. It is up over 600%, NOK 240 million, and we will take a look at how we distribute that. Then finally, we have submitted tenders excess of NOK 1 billion going forward. So Argeo as is, we have adjusted our strategy. We started with that late last year. This is now completed. We are a service provider with subsea vessels. We have equipment, which we refer to as spreads, and we populate that equipment with proprietary technology that we develop internally in Argeo, mainly Argeo Whisper and Argeo Listen. Further to that, we have a digital platform, which act as a conduit, ship-to-shore with data, and also used as a main decision-ready client interpretation platform for the data that we acquire in the oceans. So, a lot of novel technology protected by IP in the global markets, and important drivers, value drivers for the projects going forward. And we see that it's a direct result of the contract wins that we just announced. The Argeo Listen system is superior to any other contactless cathodic protection system, for instance, for pipeline inspections, but also for mineral delineation in the marine mineral market. So we have an absolute advantage in our competitive landscape with what we do. Now, we also have a robust strategy. We see that payments between the different verticals are quite similar, at least on the oil and gas and the marine mineral business. We see that renewables is struggling with cost, but we see that the larger floating offshore wind projects are coming along, and we see that the payment grade will be more or less the same in that market over time. What we can say is that with all the projects that we have and going forward with, we are targets are a bit of a, a bit there are margins of about 30% or higher. So, the first Hugin Superior delivered. We took this picture into the presentation just to show what a big vehicle this actually is. In graphics and designs, this looks like a small unit, but it's actually a massive unit. I think the big things with the Hugin Superior is its massive production capacity. We do more or less more coverage of surveyed area with the Hugin Superior than we do with two others. So it's a big upgrade for the spreads that Argeo has to offer our clients going forward. Obviously, we have included also the integration of Argeo Listen in the Hugin Superior with very good results. So we have great expectations for this going forward. So hence, leading into this slide, superior capacity. We now have the most advanced AUV fleet in the world. We don't have the biggest one, but the most advanced one, and we see that the clients also take notice of that. We have two efficient subsea vessels now, Argeo Searcher fully upgraded come end of November. Argeo Venture coming out of the docks in mid February. We now have the spreads as well. We have the two Sea Raptors, we have the Hugin 6000, which another one will be added to the fleet portfolio in 2025, and of course, the two Hugin Superiors. So we take on this, Argeo entered into an agreement with Shearwater towards the end of the quarter. We signed a master agreement for the purchase of Argeo Venture, total $6 million and 2.13 million Argeo shares. Argeo and Shearwater now, as a consequence, look to develop strategic, transformative technology and products based on this partnership. Of course, trying to influence the total product portfolio between the two companies, and we have signed a capacity agreement with Shearwater when we are available and when Shearwater has projects, representing what the vessels can do. So, what does the Superior give us? This slide really shows the production efficiency gain. It's a bit like streamer seismic, where you add streamers, you get more capacity, and that's exactly what we do with the Superior. It has longer receiver arrays, which means that we can cover twice as much area per day survey as the other units. So for instance, 2,000 square kilometers takes the Hugin Superior 18 days. For the others, a much longer time, and we can even increase that capacity by, by putting the Hugin Superior together with its sister AUV, the other Superior, and double that again. So it's a big production capacity driver, and we use that especially for product projects where we have either line or square kilometer rates, or we have other yeah business models that requires more capacity than normal. Big areas. So commercial and business development. As indicated earlier, we have now galvanized our strategy within the company. This is now proven throughout 2023, and we also see that this is a big driver for clients going forward. That means that we have increased our revenues, and we have expectations that that will continue going forward as well. So strong volume of submitted tenders. This is the whole offshore industry. I think, speaking to the choir here, but, we see the same, activity levels in the global markets. Of course, for Argeo, it's the deep water markets which holds the biggest interest, which again, means that we are, a premier service provider in the marine mineral, business. Oil and gas, West Africa, South America, and so forth, a big market for us, probably Asia-Pacific as well, given some time. And finally, we see that more, innovative requests are coming from the offshore wind, developers to get more, carbon neutral, solutions, going forward. We expect, a lot of answers on the tender portfolio coming throughout, Q4 and early Q1. And, this is continuing. So what we have done to operationalize all of this, Argeo Searcher, coming out of conversion, now in mid-November, will take on the Shell and the NCPOR project. So that is about $260 million in contract for that particular vessel. Then we have two other projects in tender phase for Argeo Searcher going forward. Argeo Venture is undergoing conversion and reactivation as we speak. We expect this to be completed in mid-February, and we are tendering for some long projects for that vessel. Hugin 6000 continues its rental contract. We'll come off that contract in March, where we are looking at various containerized solutions, especially in the offshore wind business. And we have a tender out for the Sea Raptors as well. For that, there will be vessel opportunity and a containerized system for these two units. So just to bring attention to that note in the bottom of that slide, Argeo Searcher will be fitted with the first Hugin Superior, and Argeo Venture will be fitted with the second Hugin Superior. So this is a slide we've used several times, and from the previous slide in terms of backlog and activity, you can see why we have used this as a guide in terms of our strategic build-out and scaling. So, as we said, targeting 80% utilization will generate per full spread. That means vessel and equipment and EBITDA of NOK 100 million per year. Now, we see that that is a good target to have, and we are in a good situation to make that a reality. Of course, meaning that we add to our fleet with more vessels, and with the equipment that we have on order, that means that this will become a very good story over the next year. So the growth plan for 2023, already done. We are looking to 2024, of course, led by business, obviously. But we do work in the planning stage of adding vessel number 3 to our fleet, and given success of that, obviously, another one in 2025. But of course, as I said before, this is led by successful business, of course, before decisions are taken. So, a couple of words on technology. Argeo Listen, a very successful sensor system. A main value driver for the NPD project. It was the first one with Argeo Listen in commercial use. It worked very well and now is the biggest value driver for both the NCP project, where we require electromagnetic data to delineate possible marine mineral deposits, and for the work for Shell, where we use it for contactless cathodic protection. So that means that we can say something about the risk of corrosion on the pipelines itself. Deep water, of course, really high efficiency. We can do this in 5-7 kilometers per hour and fly above targets with 8-10 meters. So it's a fantastic tool. Then we are commercializing now our Argeo Whisper. We're using it with some prominent customers in the offshore wind market. And this is used for everything related to inspection and maintenance of electrified cables. But we can use it in the mineral market for detection, we can use it for UXO detection, and we can use it for mineral exploration as well. And finally our Argeo Discover. This is currently not a big focus for the company as we have a lot of other things to deal with, but it is, it's a patented system and being developed in sequence of our Argeo Listen and our Argeo Whisper. Our Argeo Scope, our digital solution, has gone through a lot of development. It can now seamlessly handle all of the data types that we acquire. Fully cloud setup, but also going forward, we will offer an on-prem solution as well. Full 3D model, and really a very nice and easy platform to use. Works through your web browser. All of our clients that we worked for thus far has been using it throughout the projects. So it gives us a very good flow of communication and activity between the technical team, the operations offshore, the land-based team in Argeo, and the clients. So I will now give the word to Odd Erik, and after the outlook, we will do a Q&A session as well. Yeah, thank you, Trond. So, revenue in Q3 this year was NOK 49 million. This came from the project we had for NPD in the Northern Atlantic, from the Stromar offshore wind survey offshore UK, and from this long-term contract we have on the Hugin 6000. We have had Argeo Searcher on charter from early this year. And in Q3, we also had a vessel, an additional vessel on charter for the Stromar survey. So operating cost increased to NOK 53.8 million in Q3. EBITDA was -NOK 31.6 million in Q3. Net financial items minus -NOK 0.5 million. And we had a loss in the period on NOK 31.6 million. Total non-current assets, NOK 258 million in the end of September. This includes NOK 36.7 million in intangible assets, which is development cost for our Argeo Scope and these other development projects we have. Multi-client library, NOK 7 million. Property, plant, and equipment, NOK 209 million. This is mainly the two Sea Raptors, Hugin 6000, and the Argus USV. We had NOK 1.2 million in cash in the end of September. Equity was NOK 156 million. Long-term debt on NOK 94 million is seller's credit we have on the three AUVs and the loans we have from Innovation Norway. Move over to the cash flow statement. Net cash from operating activities in Q3 was minus NOK 1.4 million. We had a positive effect from the share issue we did in June. This cash was received in July, so that there was a positive effect on NOK 43 million. But this was offset by an increase in receivables on NOK 33 million. Net proceeds from the share issue from the subsequent offering in July was NOK 6.5 million and we repaid NOK 5.9 million in debt during the quarter. So with that, I think we'll open up for questions. Yeah. Okay, so we've had quite a few questions today. Well, let's just quickly see. We'll start with one of the questions from the net: Can you say something about the margins on the contracts you've won in the last weeks? Yeah, when we do our tendering and bid on projects, we aim for a 30% EBITDA margin. So, yeah, I think that is what we can say about those projects. Excellent. And how does Argeo work towards getting new projects within the area marine minerals? Well, I mean, it's not very different from from how we work within the other verticals. We get. Of course, it's about getting known by the clients, which we are now. So now it's more responding tenders, as we have done with NCPOR, for instance. Otherwise, from that, of course, we do also some level of business development, as well. So, yeah, more or less the same as in the other verticals. Mm-hmm. Thank you. There's a question about the Shearwater partnership. What does the partnership with Shearwater mean to Argeo, and what will it mean for the future? Also, have you already seen any effects? Yeah, I think, you know, for now, we. This is just a deal which is made. You know, we need to spend time together and try to hash out synergies and going forward. There are some obvious things, you know, that we are working on. And in addition to that, we have Andreas Aurbekk in our board now, as well, so we have a good connection with Shearwater. So it's a development, and it's a roadmap that we will get back to at a later stage. Thank you. There's a question from Johnny Falch Christensen. Is there a lock-up period? This is in regards to the private placement. Is there a lock-up period for those participating in the private placement? Yeah. Yeah, there is a lock-up for the main shareholders in the company and for executive management. Okay, and there's another question in regards to that from Stian Andre Furuh olmen, I think. When do you think Argeo will be uplisted on Oslo Børs? Yeah, yeah, do you want to take that as well? Yeah, we commented that in the material for the shareholders' meeting we just had now in October, and we plan to do that within the next 12 months. And yeah, that is still the objective. Mm. Thank you. And, we're going to go back to operations. What are your well, commercial anyways, what are your expectations in regards to demand in Argeo's key markets? I think there are two things that points out, obviously. The first one is the activity going forward in oil and gas, and this is not sort of a fling or a 1-year event. This will continue over the next 6-8 years. A lot of investments have been put on hold through the crisis, which is now being reactivated. There is a very little, well, there is no oversupply. It's a huge undersupply on the service side, obviously. So this is a big vertical and a big market, an important one for Argeo as well. We see that the same pay marker, and with that, what I mean, that is basically that the rates that we are able to secure in oil and gas and wind minerals are quite the same. This is obviously led by the fact that we have the same equipment, the same vessels, and so forth. The customers are working to start to implement the exploration programs. We see, as I said, the cost issue related to offshore wind, but on the longer term, the LCOE will be improving, and we see that major projects are coming as well in that market. So yeah, it's looking very good. Thank you. You may have answered some of this before, but we'll keep the questions in anyway. What are the main value drivers enabling Argeo to close contracts like the ones you have announced in the recent weeks? Yeah, so, so obviously, we have spent time, and it's taken longer time than we expected, of course. That is to qualify the technology, the operation, and the system. So that is one thing that we worked hard on in 2022 and 2023. So that's one part of it. The other one is the vessels and finally, the equipment. But what we deliver as a service to the clients is what is generated by the sensor systems that we have ourselves developed. And for both, Shell, for the pipeline inspection project, a major value driver there was the contactless CP system that we have from Argeo Listen. The other one is NCPOR, where we use the same sensor but for another purpose. We use that to indicate potential deposits of deep sea minerals. So that is the unique competitive advantage that Argeo has and that we talked about when we went to market, and why we have spent money developing that. I've saved the last questions from Magnus here. Oh, sorry, this is not the right one. What is Argeo's focus going forward? Obviously, yeah, you can answer part of it, but obviously, it is maintaining or increasing margins in the projects, increasing efficiency, which eventually will result in better performance and positive cash flow going forward. Do you wanna- Yeah. No, yeah, I agree. It's to make this backlog we have now- Yeah ... profitable, that's the main focus- Yeah ... going forward. I can at the same time. Was there any more questions? No, we're kind of running out of time as well, but- Okay. So just one point, I've been asked about that nearly on a daily basis. The message or announcement regarding the subsequent repair placement will come towards the end of this week, or the [inaudible] as you say. So, there are news coming on that later on. Thank you. Thank you. Yeah.