Good morning, and welcome to our Q2 and first half 2022 conference call. My name is Carel Hooijkaas, and with me today is my CFO, Stig Hognestad. We welcome your questions at the end of this presentation. In addition to audio questions, like last time, you also have the possibility to ask your questions in the chat function. You can type in your questions as we go through the presentation, and we will answer both the audio and written questions at the end of our prepared remarks. Let's start. In the quarter, we had high activity with all crews in operation and a utilization above 90%. This has resulted in a material sequential improvement of our financial performance. However, our results were hampered by the ZXPLR project in the Gulf of Mexico, which was completed in April, and fishing and currents affecting the Z700 project in India. This negatively impacted profitability in the quarter. On a very positive note, we had strong performance and execution on all other projects. Revenue came in at 103 million, up from 75 million in Q1. Gross margin was 20%, up from 11% in Q1. EBITDA was 13 million or 13%, up from 4% in Q1. At the end of Q2, backlog was 182 million. As of today, backlog has sharply increased to $400 million on the back of key contract awards. We continue to predict a 25% overall market growth in 2022, and another 20% growth in 2023, with the total market exceeding $1 billion in 2023. As you know, we received a voluntary exchange offer by TGS to acquire all shares of Magseis Fairfield. Our board has unanimously recommended the announced offer by TGS. Let's now move to the operations update. The ZXPLR 1 crew commenced a higher margin project in the Gulf of Mexico after completion of the project, which was impacted by poor weather and environmental conditions. The ZXPLR 2 crew continued to perform well on a Gulf of Mexico project for a repeat customer. The Z700 crew experienced a delayed completion of the India project due to fishing and current conditions, and has since commenced new projects in the North Sea. The MASS crew mobilized in April and has performed strongly on a project in the Mediterranean. The reservoir monitoring and source crews performed strongly on the seasonal projects in the North Sea. Let's now have a look at our backlog. At the end of Q2, backlog was 182 million, but stands at 400 million at the time of reporting. This is a record high acquisition backlog for the company. Importantly, the new backlog is secured at higher margins as the market continues to improve. In Q2, we secured three contracts. We were awarded a 4D OBN contract extension in the Gulf of Mexico. We received a conditional award with a further option to extend also in the Gulf of Mexico, and we were awarded a project for a multi-client customer in the North Sea. In Q3, we have so far secured four additional awards. We were awarded a 4D project in Asia for a repeat customer. We converted a conditional award to a firm award in the Gulf of Mexico. We were awarded a 14-month OBN project in Guyana for ExxonMobil, and we were awarded a four-month project in the Gulf of Mexico for a repeat customer. As you can see on the graph, 170 million is for execution in 2022, and we already now have 230 million in backlog for 2023 and beyond. This clearly sets us up very well for the future. Let's now specifically talk about the 14-month contract we secured for ExxonMobil in Guyana, covering multiple fields. To state the obvious, this is a very material contract award and is pushing our acquisition backlog to the highest level it has ever been. We will use our ZXPLR technology starting in Q4, and we expect the project to run through all of 2023. This win is very much part of our strategy to also grow outside of our core areas of the Gulf of Mexico and North Sea. We continue to lead the OBN business. This award is yet another first, with the first OBN contract in Guyana. Looking at the graph on the right, we can see the annual average number of OBN surveys acquired by our customers from 2015 to today. Through this contract award, we move a customer straight to one of our top users of OBN and clearly a key customer of Magseis Fairfield. Everybody knows the importance of Guyana, and as the leader in OBN acquisition, we look forward to delivering on this key project. Through this award, we rebalance our crew positioning, and it further tightens the demand and supply balance in our core markets, leading to further margin expansion going forward. Moving to renewables, we continue to execute our renewable strategy along the four tracks we presented previously. We continue to participate in research projects together with the Center for Geophysical Forecasting. The engineering for the Greensand CCS project in Denmark is continuing, with acquisition scheduled for Q4 2022. Importantly, we have secured the necessary funding for the pilot project, where we will acquire data over a CCS field in the North Sea. Included in the scope of this project is a new and innovative node drop and recovery technology qualification. Acquisition of this project is ongoing as we speak. Last but not least, we continue to participate in tenders for new projects. Our main focus areas are the U.S., Europe, and Asia in that regard. This moves us to the updated crew activity backlog. The ZXPLR 1 crew will complete the project in the Gulf of Mexico in Q3 and will then commence the long-term project in Guyana. The ZXPLR 2 crew had a gap in activity in August, and the crew is now fully booked through Q1 next year in the Gulf of Mexico. The Z700 crew will complete the projects in the North Sea in Q3 and then remains available. The MASS crew has completed the project in the Mediterranean and will acquire the recently awarded project in Asia in Q4. The reservoir monitoring and source crews are under long-term contract and completed the spring campaigns and are now getting ready for the fall projects. As mentioned already, we are currently acquiring the CCS pilot, followed by the Greensand CCS project in Denmark in Q4. With that, I will hand the call over to Stig. Please go ahead, Stig. Thank you, Carel, and good morning, everyone. Let's have a look at the financials for Q2. The revenues in Q2 came in at 103.3 million, reflecting record high acquisition activity and indicating the annual turnover potential we have. This improvement is in line with what we have indicated in our last call and reflects a significant growth of 38% over Q1 and 178.5 million during the first half of this year. The gross margin in the second quarter was 20% versus 11% in the first quarter. This is still not as per expectations. However, the profitability is improving on a higher activity level. The EBITDA result came in at 13 million, up about 10 million from last quarter. This was mainly due to the increased acquisition activity. The operating cash flow for Q2 was 3.6 million, up 7.2 million over last quarter and resulting in year-to-date breakeven. Available cash at the end of June was 22.7 million, mainly up as a result of the increased RCF from 30 million- 45 million, as I reported in the Q1 presentation. The revenues of 103.3 million in Q2 was mainly generated from our data acquisition activity. Revenue were up 28% compared to Q2 last year, and acquisition revenue was up 106%. With all crews operating in Q2, we utilized 94% of our node capacity. Looking ahead and building on the crew activity backlog Carel presented, we only have the MASS crew available in Q3 and the Z700 crew available in Q4. This is after we completed the crew MASS job in the Mediterranean. In addition to the strong data acquisition activity in Q2, we expected processing of Cornerstone's second phase completed. However, this is delayed and is now expected completed during Q3. Like we have communicated earlier, we expect lower revenues from the high margin equipment sales business also going forward. This is due to unpredictability in supply chains and the focus on our own services. Looking at the gross margin for the quarter, we ended at 20%, generating 20.6 million, up from 8.4 million last quarter. If we look at the margin excluding the project in the Gulf of Mexico completed in April and the delay in India, we would have delivered a more reasonable return despite transiting our largest crew for one month from India to the North Sea during Q2. We continue our efforts on improving the T&Cs to limit our risk and improving the margins. This has resulted in better terms but also lost opportunities. Turning to the overhead costs, SG&A came in at 7.6 million in the second quarter. This is including non-recurring special items relating to professional fees of 1.1 million. The underlying spend was 6.5 million. We continue our focus on cost and cash and keep our full year 2022 guiding at around 25-30 million. Summing up on the EBITDA level, our Q2 EBITDA ended at 13 million, excluding the one-off professional fees. The EBITDA was 14.1 million. We have no late sales during the quarter and little revenue related to equipment sales, both yielding high margins. With the supply chain as it is, we don't expect much equipment sales this year going forward either, but we do still aim at securing multi-client late sales. With the current outlook, we do expect a reasonable second half of the year. How well we will perform also depends on how well we manage to get the projects lined up with minimal idle time between them. CapEx for the quarter totaled $3.9 million, mainly consisting of node builds, equipment required for the renewables test currently ongoing, and general sustaining CapEx. We maintain our CapEx guidance for 2022 at around 15 million, excluding the 2 million acquisition we did in Q1, which was a $500,000 cash component. However, we do see various scenarios going forward, so depending on how the market evolves, we might accelerate some investments, resulting in increased CapEx towards the end of this year. For 2023, we plan for CapEx above this year's as a result of additional MASS nodes built. Moving over to the cash flow for Q2, the cash generated from operating activities was 3.6 million based on IFRS reporting, versus a negative cash flow of the same amount last period. The operating cash flow reflects a weak start on the quarter and survey completion being delayed in India, resulting in delayed collections. Net investments amounted to 3.9 million, reflecting the CapEx investments for the period. The cash outflow from financing activities was up half a million quarter-on-quarter to 7.7 million. This is mainly reflecting payments of higher lease liabilities due to increased activity as well as interest payments. To further strengthen our working capital in this record data acquisition quarter, as I mentioned in our last presentation, we increased our revolving credit facility from 30 million-45 million until the end of Q3. Turning to the net working capital development by quarter, we see that the net working capital increased by 6 million in Q2. This reflects the increased activity with all crews mobilized. Where in Q1, mobilized the Z700 crew in the Gulf, and now in Q2, we also mobilized the MASS crew in the Mediterranean and had to transit from India to the North Sea late in the quarter. Overall, we increased our trade receivables by 28 million in the quarter, offset by reduced unbilled receivables of $18 million, reflecting the increased activity in the quarter. Our delays in completing the project offshore India also affected the receivables and hence the increase in the net working capital and thus not moving towards the neutral levels at the end of the quarter as I indicated previously. We expect the net working capital to improve during Q3 before it increases again as a result of the large contract awarded for work in Guyana expected to commence as per Carel in Q4. Looking at the balance sheet then for the company, it has been relatively stable over the past quarters and continues to be so. Our debt ratio remains low with only the RCF being interest-bearing debt. In Q3, we are scheduled to reduce the RCF back down to 30 million. However, we're working on extending this to leave us with more flexibility given the large contract award in Guyana that we expect to start in early Q4. The equity ratio was 46% at the end of Q2, and we remain in compliance with our debt covenants. With that, I'll give the word back to Carel for a run-through of the market outlook and our strategic development. Thank you. Thank you, Stig. Let's now look at the market and strategic development. Let's first look at how the global OBN market has grown over the last years. The map on the left is a heat map of the number of surveys done from 2005 until 2015. The one on the right shows the same from 2016 until 2022. The visual is very clear in that OBN has gone from a service which was predominantly used in the Gulf of Mexico and North Sea, to a service which is now being used globally. Looking at this in numbers in the pie charts, you can see that around two-thirds of the OBN surveys from 2005 until 2015 were acquired in the Gulf of Mexico and North Sea. This has now flipped in the period from 2016 until 2022, where two-thirds of the OBN surveys were acquired outside the Gulf of Mexico and North Sea. While this describes the global OBN market, the same applies to Magseis Fairfield. It is of course important to observe that the total size of the pie has increased. While the Gulf of Mexico and North Sea continue to be very important to us, we have now also acquired surveys in Angola, Egypt, and India, and are going to acquire surveys in Malaysia and Guyana. Magseis Fairfield clearly has the experience, technology, people, and global reach to address this market as our customers use OBN services on a global basis. Let's now look at what this means for 2022 and 2023. Based on awarded contracts and forecasted tender activity, we maintain our prediction of a 25% overall market growth in 2022. We also forecast an additional 20% market growth in 2023, with the total market exceeding $1 billion in 2023. Following the recent contract awards, approximately 92% of the visible projects for execution in 2022 have been awarded, with the remaining opportunities in Europe, West Africa, and Asia. As most of you will know, our customers have experienced project delays due to permits not being issued by the authorities in the Gulf of Mexico. Importantly, new permits and letters of authorization have recently been issued. This is a positive step forward for our customers and Magseis Fairfield, allowing for activity to continue in this core area. A point of concern remains the timely approvals and contract signatures by our customers. This may lead to gaps in our crew activity schedule. It is also important to point out that we will continue to push not only pricing, but also improved terms and conditions. Looking forward to 2023, approximately 41% of the visible projects for execution in 2023 have been awarded. Already today, this represents half a billion worth of contract awards for execution in 2023. The opportunities and tenders for the remainder of 2023 exceed the already awarded contracts, pushing the total market to more than $1 billion. To support this growth market, we have in Q3 committed to an additional 3,000 MASS III nodes for delivery in H1 of 2023. This moves me to the offer by TGS to acquire Magseis Fairfield for a compensation in TGS shares and cash. All shareholders will receive the offer document, and it can also be obtained through ABG Sundal Collier. As you will know, our board unanimously recommends this offer. TGS has announced the launch of the offer as set out in the offer document and the commencement of the acceptance period on the 24th of August 2022. The acceptance period is four weeks. Making this offer is a very clear statement from TGS that they want to move into the OBN acquisition part of the seismic industry and create a unique company together with Magseis Fairfield. The joint company will be the leading integrated seismic provider with best-in-class OBN technology and track record, strong data processing capabilities, a multi-client business with a large customer base, and a truly global geographical footprint. This is why the board has unanimously recommended the offer and asks for the support from our shareholders to write the next chapter for Magseis Fairfield. This brings me to the summary and outlook. We will continue to use our large node inventory, track record, people, and technology differentiation to capture 2023 market opportunities. We are well-positioned for a robust OBN market exceeding $1 billion in 2023. We will focus on safe, efficient, and reliable execution of our record-high acquisition backlog. Securing new contracts for 2023 remains a key priority. The TGS offer provides a next step in the development of Magseis Fairfield. This concludes our prepared remarks. We will now start the Q&A. Operator, can you please go to the first caller? Thank you. If you would like to ask a question, please press star one on your telephone keypad. Please ensure the mute function on your phone is switched off to allow your signal to reach our equipment. Again, please press star one to ask a question over the phone. As there are no questions on the phone at this time, I will hand back over for any written questions. We have a question from Chris Ødegaard. How is it possible that one delay in India are so significant that Magseis are not earning money? Are the margins still that low? Stig, I believe that one is for you. Yeah, I'll take that question. Just to keep in mind here that this was an award that we got in the early part of last year, 2021, that commenced in October last year and lasted till May this year. It was a big contract and a big project with a large crew utilizing about half of all the nodes we have. The way this worked was that we recognized the revenues each month as we produce and deliver data to the customer. Towards the end of the project, we did have some issues with some lines being shifted, so we had to do an infill job, which took a few extra weeks, and with that, we don't have additional revenues, so only additional cost for all the nodes and the vessels and crew being used to acquire the data. That's the main reason why it impacted the result. Also just to remind again that we also had the project in the Gulf of Mexico that completed in April that also had a negative impact on the result in the quarter. Okay, thank you. The next question from Ronny Brattås. Are there plans for more new crews? Thank you for the question, Ronnie. Yeah, we announced during last quarter, but also in this quarter release, the build of additional MASS III nodes. They will become available in H1 of 2023, and those nodes will allow us to continue to expand our presence, particularly in deep water. From the end of H1 of 2023, we will have that additional capability available to us. Thank you. From John Olaisen. Do you expect to fill the open slots in the second half for the MASS crew and the Z700 crew? John, thank you for the question. With regards to MASS, we have still opportunities that we are pursuing for deployment of additional MASS crew capabilities in Q4. That remains a work in progress. We have less visibility on opportunities for the Z700 crew. In all likelihood, that crew will be idle in Q4. There were particular opportunities that we pursued for the Z700 crew, but we found that some of our competitors were willing to either accept pricing and/or terms and conditions that we don't think we should accept as an industry in the climate that we're currently in. As the leader in OBN, we specifically chose to lead the market both on pricing and terms and conditions, even if that means in the very short term that we may have a couple of months of idle time. Fundamentally, we believe that we need to move this industry forward with higher pricing and better terms and conditions, and we are leading the way in that regard. A follow-up question from John. You mentioned that you expect multi-client sales in the second half of 2022. Could you elaborate a little? Is it likely to be in Q3 or Q4? And what is the potential in terms of U.S. dollars? Do you have any specific leads? It's a good question. As previously communicated, we have one multi-client survey, the Cornerstone multi-client survey. The sales from that survey will be very binary. We have a number of leads and discussions ongoing with customers. As you know, predicting multi-client sales is notoriously difficult. That's why we've said that we expect it in H2, but we won't pin it down to a particular quarter at this point. Then a question from Tommy Hansen. You expect a strong market growth of 25% in 2022 and another 20% in 2023. At the same time, you and some of your peers will introduce more nodes into the market. Could you shed some light on your view on the supply, demand, and margin outlook for 2023? Yeah. Thank you, Tommy. I think overarching comment first here is that bringing new nodes to the market relies on, if you want, a working supply chain. As you know, there's tremendous pressure globally on the supply chain. We think it will be quite difficult to bring additional nodes to the market, but we are under no illusions that some will. We, as Magseis Fairfield, can rely on a high inventory that we already had on parts, which then allow us to bring these nodes to market in a relatively short amount of time at a very low cash cost. Fundamentally, when we look at the market outlook, given the opportunities that we see, we continue to see a market where we can continue to expand margins because we see a higher demand for our services than what we see capacity in the market in 2023. It's a follow-up question from Tommy, which I believe you partly have answered now. Looking at historical figures between 2014 and 2020, you reported well above 30% gross margin in several years. Is it achievable also in the upcoming upcycle, in the unfolding upcycle and potentially already in 2023? Yeah. Tommy, as you know, we haven't pinned ourselves down on guiding on gross margins, but I think we've painted a very clear picture of what we see developing in front of us. We're acting accordingly with regards to pushing pricing and terms and conditions, and bringing out additional capacity in a controlled manner to get the returns that we, as an industry, and as Magseis Fairfield specifically, deserve. A last question from Tommy, which I believe goes to you, Stig. How do you expect working capital to move in the second half of 2022 and 2023? Right now we are seeing that working capital requirement is reducing. In Q3, we do expect it to improve that we require less cash to operate. While in Q4, we expect it to increase again. This is mainly due to the Guyana project that we're starting up at the beginning of Q4, where we're transiting to Guyana, and then we have payment terms that are not as favorable as we have today on the contracts we're on. When it comes to 2023, I expect it to be more stabilizing again, at least in the first quarter, based on what we see right now. Then Q2 and onwards, it's a little bit too early to say how it will go. In general, we do expect a higher activity level next year versus this year, despite this year being very high. With that, we probably do still have a need for working capital not being able to operate on neutral levels. Okay. That concludes it. Okay. I'll close the call. Thank you for all attending. Again, we are very well positioned for a robust OBN market going forward. We will continue to focus on executing well on our record high backlog, and we will have a laser focus on securing the right contracts at the right terms and conditions and the right pricing for 2023. We are excited about the TGS offer, which will allow us to write the next chapter for Magseis Fairfield, and we ask for your continued support in that regard. Thank you.