Good morning, and welcome to Argeo's First Quarter Presentation, 2024. So let's start with some highlights. We have quite a few new slides to go through, as we're now a fully operating company. Quite a lot of changes as well that we will cover throughout the presentation. Will, as per usual, go through the highlights, our financial figures, some operational slides, talking a bit about ongoing projects, upcoming projects, and not least cover, you know, the changes that we have gone through since last quarter. We will cover our change to IFRS accounting. Erik will deal with that under financials. And of course, at the end, we will set aside time for a Q&A session with myself and the CFO. So without further ado, a strong start to the year for Argeo. No question about that. We are up across the board. Revenues are up by 288%, which means that we have taken a significant step from where we were last year. The EBITDA figure is up by 415%, up from -$920,000 to $2.9 million this quarter. EBIT, as well, 164% up from $1.7 million to $1.1 million. And of course, net profit came in at $1.2 million, up 238% since Q1 last year. Our current backlog is running at $54 million, and that is basically the figure of what is remaining to be completed at the end of the quarter. So the quarter itself started with $64 million in backlog. Of that, we have consumed $10 million in revenue, as you can see here. And basically what is left to produce to the remaining 3 quarters is $54 million. Of course additional to that, we are adding project as they come by, and we will inform the market as per usual. Please note that all the figures are in thousand NOK, thousand dollars, and that these figures are in accordance with IFRS accounting principles. Main high main events. Argeo Searcher completed the Shell Bonga project before going over to the Indian Ocean for NCPOR. We signed the NCPOR contract of $40 million. We have been awarded the TotalEnergies contract in Namibia for the Venus field of $39 million. Argeo Venture completed the reactivation in this quarter, so it was not active in terms of utilization. It started the project April 8 when sailing down from Norway to Namibia. And last but not least, we secured another Hugin Superior for Venture, which is on project for TotalEnergies. And finally, we just subsequent to the quarter, we signed the Woodside Calypso contract for Argeo Searcher. We will talk a bit more about that later on. So, recap of Argeo, what we are, what we do, and how we are set up. I think this really is the proof of the pudding. So we do have the vessels, which are really good performers. We have the subsea equipment, so the AUVs, USVs, and so forth. And finally, we have the sensor systems that we use to bring value to our customers. And this is really now what we are seeing is working for the customers, giving the customers a big value proposition, with some really excellent projects completed in the quarter. We work in the oil and gas segment. We work for offshore wind companies, and we are an industry leader in the exploration for marine minerals. We will talk a bit about that and how the spread of revenues per segment, per market, and per product is at a later stage in the presentation. So what we offer is some more cost-effective survey and inspection services to our clients. And of course, with our new digital platform, easy access to actionable data that gives them the decision power in their projects, whether that being in oil and gas, or in marine minerals for exploration, or in the offshore wind market. All of this gives us a very robust strategy. So we see that the price margins and the prices in general is quite similar in oil and gas and the marine mineral business. The renewables part is lagging slightly, but we see a significant uptick in especially the floating wind activities, where we are a significant player going forward. Superior capacity is an old slide we talked about before. Our Argeo Searcher on project in the quarter, a very good performance, 100% utilization. Argeo Venture completed its renewal and upgrade activities in the quarter. And of course, then we have our vehicle asset fleet down below, which now counts two Hugin Superiors plus an option to acquire another Hugin Superior this year. Expansion for growth. Another thing we have talked about a bit, whereby we add more spreads, that is vessels and subsea equipment, to the fleet to bring higher revenues and of course, higher profits. This is something we are working on. And when we have something to present in that trends, we will of course let the market know. But we are looking to for many good opportunities for the company that doesn't require new share capital to be issued. So everything from lending to charter all is in the mix in that sense. And why do we do that? So this slide really explains that, and we can see that this is working now from our Q1 presentation. 80% utilization that will bring an EBITDA per spread per year of NOK 100 million, so approximately $10 million. And this is basically our growth case, and we see that this is working, and we are delivering on this. So in the quarter, and for that matter, before the quarter as well, we've had a 100% conversion rate from submitted tenders to contract. This is a great achievement for us. All the tenders that we have been part of, we have won. So during the quarter, we converted an additional $10 million in tenders to secured backlog. Of course, as I said, we have also consumed of that backlog, hence the number is the same. We have a total remaining tender volume pipeline of $130 million, stretching well into 2025. So that does not mean that we are guiding on this. It's just to show that there is a big market out there where we are an attractive service provider. So this is a new slide. We wanted to bring some insight into how the market and product revenue distribution is across our services. So the distribution per market looks like this, and this is compared, comparing Q1 last year with Q1 this year, to the right. So the marine mineral business last year in Q1, we had $2.4 million, and this year we had $2.7 million. And that is obviously search and production for NCPOR. Oil and gas, $5.4 million, that was related to the Shell Bonga project. And finally, we had $1.2 million in rental income on our Hugin 6000 system. That has been on project now for nearly two years. If we look at the distribution per product, we have categorized three main product types. So we have exploration data, which is basically looking for marine deposit potential, exploration opportunities and environmental data. We have oil and gas survey data, so that is what we are, for instance, doing for Total in Namibia. And finally, we have oil and gas asset integrity inspection, and that is the one of the project parts of the Shell Bonga project. So for oil and gas survey data within the quarter, that was for Shell, that is $3 million. For the asset integrity part of that program, that was $2.4 million. And finally, the rental income, as I talked about before, that was the Hugin 6000, which was on project and came back to us towards the end of this quarter. And finally, we have distribution per geomarket, so that is geography and where we have activities in the world. For now, this is classified in terms of Europe and Norway, which was largely last year. Then we have Asia Pacific, where the Indian Ocean, basically, for the Searcher and the NCPOR project, and then West Africa, which is a very big market for us, in the quarter as well. What is not part of the revenue from this is the rental business. So, it's a small sector from sales from Argeo Robotics, and that's what makes up the $8.2 million. So our usual backlog sheet at the start of Q1 2024, our backlog was running at $64 million. As I said, we have consumed about $10 million, and that's our revenue in the quarter. So the remaining backlog for the remaining year is $54 million. Our Argeo Searcher is finishing up the end support project towards the end of this month, in fact. We have a scheduled yard stay, so that's a planned inspection. I'll talk a bit more about that and the utilization, but in principle, it's something we have to do this year, and it is the only opportunity in terms of other projects coming along. After the yard stay, beginning of July, we go to the Calypso field for Woodside, and for the remaining of the year, we have about 120 days available for sales for our Argeo Searcher, and which we are tendering, of course, in primarily South America. Our Argeo Venture completed reactivation in this quarter. It left Norway April 8th, and transited down to Namibia, so that's a paid mobilization, and is now in production on project on the Venus field. It will work there for the remaining of 2024, and we are, of course, in discussions of continued project in the region, for Venture. Hugin 6000 came back to us in the quarter, so the finalization of the long-term rental contract was ended. The Hugin 6000 has hence been upgraded and serviced, and is now mobilized for a potential project, which is offshore wind related. We are looking at several other potential projects, for that vehicle, in the area it will be working at. So the Hugin 6000 will be mobilized on a charter vessel. So, that's how we will operate that vehicle. This is also a new slide. Try to bring a bit insight into the use and utilization, as we call it, for the operating units or our spreads. So it's a comparison and statistics from the same quarter last year, so Q1 2023, which was the first quarter of our Argeo Searcher entering our the geosphere. So a couple of things to mention here, but let me first just state that utilization for this quarter for Searcher was 100%. So it's been a very good performing vessel for us, and as everyone know, we do have a long-term charter bareboat contract on the vessel, with an option to buy the vessel at the price of $8 million. For 2023, the utilization for Searcher was 92%, and this was related to a paid mobilization or non-paid mobilization and transit that we had in Q2 in 2023. And you can see that that is highlighted there, 30 days. So the numbers on the graphs are the days on project. So Searcher will be fully occupied in Q3 and, except a short yard stay of 14 days. And as I said, we have, all in all, from the end of Q3 and full Q4, available days for sale for that vessel. And Venture will continue working in Namibia for the rest of the year. So in terms of utilization, Venture has not been part of the utilization figures for the company in this quarter, due to the fact that it is a rebuild... a new build and been in the yard, and hence, not available for us to produce any revenue-generating activities. In terms of backlog coverage, the Searcher, going into the quarter, had a 67% backlog coverage of the contract announced. As I said, we have 120 days available for that vessel, which we are working on good leads, shall we say? Venture, on the other hand, as it came out of the yard, beginning of April, it's 100% coverage on contracts from backlog. We have some definitions of how we break up these things in terms of backlog, utilization, non-active days, and so forth. It's a readability activity, so the information is available. Okay, operational update. Searcher full on, going well. Our GeoVenture completed yard stay and upgrades and sailed down to Namibia. It's on project in production... and the superiors are performing really, really well. Everyone with included our Geo Sensor systems, which is proving of high value to our customers. So, TotalEnergies, Namibia Venus project, outside about a day and a half sail from the coast of Namibia. It's a very large oil field with a fantastic hit rate in the whole region. So it's a very interesting area where we see all of the big players are moving in. Galp, for instance, in addition to Total, did a discovery of nearly 10 billion barrels of oil. Shell, Chevron, Woodside, all is in the ballpark and with activities in the region. So we are perfectly placed and positioned for more activities in this area after we complete the work for Total. Woodside, a new project for Argeo Searcher, starting up beginning of July with a paid mobilization and transit over to Trinidad and Tobago. It's a project quite similar to the Total project. It's a development field. Water depths down to 2,400 meters, geophysical survey activities. It will take, including mobilization and the work itself, 60 days, and we will cover about 2,300 line kilometers for Woodside, which is a very exciting company to work for. It's an innovative company with the global reach, many projects worldwide, and we are very excited about starting this project for them. So a couple of words on technology. We received another patent confirmation during the quarter, which is very good news for us. It basically underlines the importance of what we're doing and how we're doing it. This is actually a slide from when we went to market back then, and the strategy of doing that has really proven its value. We are using our sensor technologies in all the market fields. So we are using it for marine minerals, where we are now. It has become a deposit detection and estimation sensor system. So it's extremely good news because that allows us to say something about the area that we are exploring. Likewise, in oil and gas, the Shell Bonga project has shown fantastic data, and we've probably done that 10x faster than traditional ways of inspecting a pipeline. And of course, we are bringing ever more competitive advantage products into the mix. We now have our new data model. It's alive, being used on all the vessels, and gives our clients access to actionable data. And we have, of course, built in more features such as AI-driven object detection and so forth into the software system. So it's a very good story and how technology can drive excellence in the service provision that we are providing to our customers. Yeah, just a quick recap. GeoListen in use today. GeoWhisper is in testing as we speak. It is proving a very promising system, and we are then bringing out new products for our GeoListen, which we call GeoDiscover. So for instance, for marine minerals, especially. GeoScope, our digital solution, being used by all the clients on all the vessels and for all the projects. So a good story there as well. And most importantly, and why we started this, was that we acquire so much data from these vehicles, and this platform allows us to show everything in one space, which has proven very beneficial for us. So I will leave the floor to Odd Erik to go through the financials. Yeah. Thank you, Trond. So we will start with the IFRS. We have now implemented IFRS in our financial statements, and we have also restated all our historical numbers to IFRS. This has caused some changes to our accounts. And so future lease payments are now the net present value of future lease payments are now included in our balance sheet as assets and liabilities. We also have some changes related to timing revenue and cost when we mobilize for projects. Earlier, we have included the mobilization revenue and the cost when they occur. Going forward, these revenues and cost will be recognized over the acquisition period on the project.... we expense some costs related to the share option programs we have. We have also a change related to the seller credits we have on the AUVs, and these credits are free of interest. But according to IFRS, we need to calculate an interest element for these, and this affects the value of the seller credits both on the asset side and on the liability side in the balance sheet. And then we also have some currency effect that's due to this change to IFRS. As a part of this process, we have also changed reporting currency from Norwegian kroner to US dollars. Trond has been through these key numbers earlier. We can go a bit more into the details. $9.5 million in revenues during Q1, so this is mainly from Argeo Searcher from the programs in Nigeria and in the Indian Ocean. We also had some revenue for this Hugin 6000 containerized solution, which has been on a long-term contract since September 2022, and came back to us now in April. EBITDA $2.9 million, also a significant increase from Q1 2023, and of course due to the increase in the revenue during the period, but also offset by higher operating costs. We had the Argeo Searcher on for a full quarter now in Q1, while it only operated for half the period in Q1 2023. EBIT $1.1 million in Q1. Net profit $2 million. This profit includes $2 million in unrealized currency exchange gain. The backlog, $54 million, as we heard earlier. Moves to the balance sheet. We have, or had, in the end of March, $29 million in capitalized right-of-use assets, meaning this is a net present value of all the future lease payments we have for these three assets listed there. So that includes two Hugin Superior AUVs, the bareboat charter for Argeo Searcher, and also office leases. $51 million in property, plant, and equipment, and this is mainly our new vessel, Argeo Venture. It is one Hugin 6000 AUV, the two SeaRaptor AUVs, the Argus USV, and also some intangibles, including Argeo Scope. Lease liabilities was $27 million in the end of March, and which is related to the right of use assets we see on the left-hand side there. Interest-bearing liabilities $17 million in the end of March. This includes the three loans from Innovation Norway, three seller credits on AUVs, and a new loan on Argeo Venture. And we had $37 million in equity in the end of the quarter. Cash flow. Cash from operation was -$3.2 million in Q1, and this was negatively affected by an increase in receivables during the quarter on $6 million. On the financing side, net proceeds from the share issue we did in March was $4.5 million, and $10 million came from this new loan on Argeo Venture. We invested $11.3 million in Q1, and this was mainly for the upgrade and for the reactivation of Argeo Venture. $1 million dollar in cash in the end of the quarter, but this improved significantly in April. We received $2.9 million from the repair issue in April, and we also received the $4 million from the second drawdown we had on Argeo Venture. So with that, we will open up for Q&A. Yes? We will start with a question from Stian André Furuheim: When will the company be uplisted? Yeah, good question. So, I can take the highlights here, but, it's really my pal here on the left-hand side that's been doing all the work. So one of the reasons why we've done all of the IFRS, ... the changeover is to prepare ourselves for the uplisting. The plan activity for that is October, November this year, with a lot of activities that needs to be passed on along the way. Yeah. You wanna- No, that is correct. I think we are aiming for October as the first listing date. Mm. Yeah. We have a few questions from Pelle Bibow. You briefly mentioned exploring alternative funding options for growth that might require limited equity. Could you provide more details on what you believe is achievable in terms of, in terms of funding growth? Additionally, what are your thoughts on the possibility of using debt instead of equity finance new spreads? So, to start at the end, we think there is a very good potential to use debt instead of equity to finance growth. We see that there is a very positive market in terms of financing activities in steel, basically new vessels and so forth. But we have other buttons to push as well. You know, we have charter options available to us, but I think the track that we are following now is debt setup for the spread with perhaps partners in it. So but we will come back to that part when we have something to communicate. The next question from Pelle Bibow is: Regarding the Argeo Searcher in South America, can you give some more color on what type of work you expect for this vessel beyond its contract with Woodside? Given the high activity within oil and gas in the region, can we expect the vessel to remain in South America? Yeah. Again, starting at the bottom of the question, yes, we can expect the vessel to remain in South America. It's a very good market, and obviously, we are working on some interesting leads, not only within the Trinidad and Tobago geographical location, but also further south, down to Brazil and so forth. So that is the strategic move that we are following at the moment. And also from Pelle Bibow: What is your view on opportunities in APAC? We are observing an increased activity across both oil and gas and renewables in that region. Could we expect additional spreads to be deployed towards this region? Yes. At the same time, you know, we have now the two spreads we have positioned in West Africa and South America. And obviously, we are looking at other opportunities. Asia Pacific, or APAC, as Pelle mentions, is an obvious selection for that, and obviously, we are working in the Indian Ocean now, not far away from activities. So we do know the area, and it's something we are looking at, is what I can say at the moment. And that was the questions- Okay ... today. Okay. Thank you. Yeah. Thank you.