Hello, and welcome everyone to this Q2 2026 results presentation for Prosafe. My name is Reese McNeel, and I am the CEO, and I have here with me our CFO, Halvdan. I look forward to running through the presentation today. I will touch a bit on where we are, the key highlights and the market, and then I will hand it over to Halvdan to discuss a little further on our financial results for the quarter and half year. Very shortly, a little reminder of who we are at Prosafe. Prosafe, we are a leading operator of accommodation units. We have five accommodation units. We have three operating in Brazil, one operating in Australia, and we have one which has a contract for 2027 in the U.K. We are headquartered here in Norway, but have a very large operational presence in Brazil and, of course, an operation today in Australia. Briefly on the key highlights for the quarter, I would like to say, first of all, a huge thank you to our entire operation and all of our teams out there. We had a very safe quarter, and we had really high operational uptime. We completed the SPSs at the beginning of this quarter, but I think coming off the back of the SPSs, the guys did a fantastic job getting the rigs back operational. We had really high uptime, close to 100% commercial uptime on all of the vessels, with the exception of that short period at the beginning where we were finishing these SPSs. So a really good effort by everyone operationally to deliver what I view as a very solid Q2 performance. Liquidity remains high. We had a little bit of draw. Halvdan will come into that, but that was expected on the back of these SPSs. EBITDA for close to $10 million for the quarter. We have actually tightened our guidance looking ahead. We had the guidance from $45 million to $55 million. We have tightened that guidance now from $50 million to $55 million. I will touch a bit more on the market, which we view very positively as I run through these slides here. Where is the fleet and where are we currently busy? I think one thing to highlight here is the Safe Notos. We are transitioning on to the new contract at a much higher day rate, so we are going from $75,000 to $140,000 a day. That should happen on Tuesday, the 1st of September, and I think everything is in line for that to move ahead. So that will be very positive looking a bit ahead. Other vessels, Safe Eurus and positive operations, and we will talk a bit about that later, but of course, there is a very key focus on Eurus and Zephyrus and securing additional backlog looking into the back half of 2027. On the market, I think there has not been any fundamental changes to this market. I think this market remains dominated by everything to do with maintenance and operations. If we look in this market, where are people operating, where are people delivering a service that is largely in this area and largely to floating units. There are some hookup jobs. We are working on a hookup job obviously in Australia, but by and large, this market is driven by supporting FPSOs and older infrastructure for maintenance campaigns. We haven't seen a fundamental shift in this market structure, and I think that remains very positive because we do see globally an increase in FPSOs, and FPSOs are not getting any younger. I think the market fundamentals here remain very strong. Again, just a very quick reminder, this is largely a market today driven by Brazil. Most of the units are in Brazil. We view a supply picture here of 31, I'll touch a little bit onto that, of which almost half of these units are currently operating in Brazil or the South American region. Quick run-through on this. I think this is a very positive slide, along with the next couple. As you know, one of the key takeaways of what's happening in the market today is that there's very, very limited availability in this market, whether it's actually high-end or even the lower-end units. Everybody is basically busy. A couple of units, our unit, for example, Safe Caledonia, she's warm stacked, but she does have a contract next year. We see that this market is very tight. We've had dialogue with clients, and I'll touch a little bit on the next slides, but one of the key drivers here is that clients actually are struggling to find units to meet their demands. This is leading to what we see as one of the tightest markets in over a decade. If you look at how utilization has gone, if we roll back from the back end of the last downturn where utilization was 50%, we're now back up to, and if you look particularly at the high-end units from the previous slide, you're pushing again that 80% mark. Utilization has again continued to climb, and we think, and I'll touch a bit on that in the next slide in more detail, but with several contracts rolling off in 2027 and this tight market, we think this trend will continue. This is a key focus area for us. Again, I mentioned that Brazil is the biggest market here for accommodation, and I think many of you who are watching our market will have seen there was a recent award to our competitor. I think that is taking a unit from actually Australia, taking her to Brazil. I think that's, again, reiterating how good this market is at the moment, that there is demand not only from Petrobras, but there's demands from independent players here for short-term pieces of work or even maybe medium-term pieces of work. If we look at the likes of Prio, MODEC, potentially the likes of SBM, BW Energy, Karoon has used in the past, Equinor. I think there's a large pool of users of accommodation units in Brazil that's not only Petrobras. Even looking at Petrobras, there's several units rolling off in 2027 and 2028, and to date they have recontracted two. Our clear expectation, and I think that's what we're seeing in the market concretely with this recent award, is that there will be a lot of recontracting activity, both from Petrobras and independents in the coming months. That is for us, a key focus area, but also a key opportunity. As we do have, in Safe Eurus, a vessel rolling off an $86,000 day rate, and the market day rates. As we look on the next slide, the market day rates have been trending up towards the $ 140+ mark. I think there is a key opportunity here for us to capture that increase in day rates. Also outside of Brazil, this market, like I said, half of it is in Brazil, but that means half is outside of Brazil, and we have seen also there positive activity, and particularly with the market tight, I think we will continue to see positive activity in other markets as well. Particularly West Africa or Africa in general, has been very active with awards in Nigeria, Angola. You have also seen vessels working in Libya, you have seen vessels working in the Black Sea as well. I think the market has a little bit more depth than only Brazil, but Brazil is of course a key driver to this market when you have half of the fleet globally working there. Again, I think this is just reiterating the same theme that we have seen the day rate trend, and we have seen an alignment between day rates. Again, higher day rates outside of Brazil. When I mention Brazil, $ 140, $ 150, and a positive trend, globally they have been a bit higher. But the contract term tends to be lower. But we have seen a convergence of day rates over the last period. I think all in all, I think, very positive on the market. We have a very key focus on recontracting the two units rolling off in 2027. But I think the market is very tight and we actually do see active recontracting activity and opportunities. I think over the coming months, I think we will see this coming to fruition and a clear expectation that this will drive further earnings growth as the rates tick up. Going back a little bit to operations. We talked about this on the last earnings call, but from my perspective, an excellent result again by the team on these SPSs. It was on time, it was on budget, despite many challenges faced conducting these in an offshore environment there in Brazil, finding a location, getting all the work complete. I think it was an excellent result, and again, on time, on budget. I think the utilization, as we show here with those behind us, we will see utilization increasing. Caledonia, of course, she will be working next summer. Backlog, not going to dwell too much on this. Obviously, a focus area for us, as I mentioned, Safe Eurus and Safe Zephyrus. But, if I look at Safe Boreas, Safe Boreas has been doing fantastic. We do have six months of options for Safe Boreas in the back half of 2027. Those are callable 90 days ahead of the option. I think, so far work going well. She is operating well and delivering well to the client and we have to see how those options pan out. But we are positively optimistic on Safe Boreas, and I think a key focus for us on Safe Boreas is trying to continue to have her working in Australia. There was three units working in Australia not too long ago, and it looks like it is going to be only one unit working there, our unit. Again, knock on wood, that should give us a good opportunity here looking 2027 and beyond. Safe Caledonia 2027, 2028. We got work in 2027. She's got some options on the back of that. U.K., I think there will be work going forward in 2028 and beyond. I am optimistic there that we can also find her some follow-on work in 2028. With that, I think I will hand it over to Halvdan to run through a bit on the financials, and then I will jump back at the very end. Halvdan, over to you. Thank you, Reese, and good morning. Given kind of the stability of operations in the last quarter, there should be no real surprises on the financial side. EBITDA tripled year-over-year. Of course, slightly lower than Q1 due to Caledonia not working and the SPS days for the Zephyrus and the Notos. As we look towards the third and fourth quarter, we expect this to normalize with the whole fleet working, and of course, the improved day rate from the new Notos contract. On the income statement, most importantly, we continue to be on track for the SG&A target of $19 million. In addition to this, the company has a strong focus on both keeping costs low and lowering them even further. Expect this work to continue. And net loss of $6.1 million compared to a net loss of $23.9 million in Q2 2025. On the cash flow side, we had a large working capital inflow throughout Q1. As we said on the last call, we expected part of that to flow out given the timing of the SPS payments. You will see here $15 million related to SPS and a $22 million negative swing. As we look forward on this, given the SPSs are now firmly behind us, we expect this to even out and normalize with not as many swings going forward. Cash position of $52.3 million puts us in a comfortable position, again, with the SPSs behind us and now going into stable operations. Touched on liquidity position, NIBD and NIBD to last 12 months EBITDA, a slight increase due to the cash drawdown on the quarter. We have repaid some debt. I will get onto that on the next slide. And of course, equity ratio on 27%. On the capital structure, we repaid $1.75 million as part of the Eurus facility in the quarter, reflected here on the right in 2026. We continue to pay PIK interest on the senior facility, reflected in a $1 million increase in the light blue here. Would like to remind everybody that there is the possibility to extend all the facilities to latest 31st of December 2029, given an extension on the Eurus facility. While largely dependent on the recontracting going forward, the company of course continues to look at alternatives to optimize the capital structure to further provide value to all stakeholders. Moving on to summary and outlook. We maintain our mark-to-market EBITDA potential of $90 million-$100 million. We have seen long-term contracts both above and below the reflected level of 140. We continue to see this as very realistic. We have of 75% with a reduction of NIBD to EBITDA down towards the 2.5x level. Of course, deleveraging, as we have said before, is a high priority for the company, and we continuously explore ways to lower this figure. Moving on to new builds and trading values. We are now trading in the middle of our broker values. Compared to what we see as replacement cost and expected new build cost for these vessels, we still see given our current fleet has the potential to produce $100 million in EBITDA, we see this as highly unlikely at 12.5x EBITDA, and then not including going forward CapEx. I think you would need to see a substantial uplift in the current market to justify any new vessels coming in here. With that, I think I will hand it over to Reese for the closing comments and the outlook. Yeah. Thank you very much, Halvdan. Yeah, touching a bit on some closing comments, and obviously some questions have come in as well as we have been going through this. I think, again, lifting our guidance to 50-55, I think one of the questions I saw here coming in was, what is the key driver behind that? I think a key driver is that we have successfully completed the SPSs on time and on budget. And I think we also see that things have gone very well on Safe Boreas, and we see that we are very well positioned to get on contract with the Safe Notos on time. So I think that is drifting us towards the upper end of that original guidance. So again, by and large driven from the operational efficiency and how the team has delivered. And we continue to focus on our cost base. I think we have guided $19 million on EBITDA. I think we are going to hit that. Sorry, not EBITDA. Not EBITDA. $19 million on SG&A for the year, and I think that is We started out the year at about almost pushing 22, and I think we will easily hit that 19. And then, we are also really focused on keeping the operational cost in check. So I think these measures together are pushing us into that upper range. I think we are very well positioned to capture this improving market. I know a lot of questions out there from people. There was two low-spec tenders from Petrobras. I think we did not participate in those two tenders. They were very much focused on the lower spec. I think what's key to note there, though, is that there was still a nice day rate increase on those vessels from where they were to where they have landed. Our full expectation is that there will be a continued need for high-end vessels, and there are frankly not many low-end vessels available in the market. I think we will see a drive here from Petrobras and for others to seek higher-end vessels. I think we just saw that with the award to our competitor as well. That gives us strong confidence that there will be recontracting from Petrobras or the likes in the coming months. Questions I think about demand, overall demand. How do we see demand going further? Will there be an increase in the number of FPSOs? With the increase in FPSOs, do we see an increase in UMSs? I think we have seen an increase already. If I go back a couple of years, we were talking at one point about 26 vessels in this market, and then 28 vessels, now we're kind of at 31 vessels. I think we have seen an increase, and again, all of those have been absorbed into the market. I'm optimistic. I think as people say, there are more FPSOs coming into this market, and in addition to that, players are actually slower in taking out older FPSOs, and you see that there's actually more maintenance activity there. I'm optimistic about it, but I'm not going to set an exact timeline on when we will see that coming to fruition. But I do think we'll see an increasing demand picture going forward a bit further out, and I think in the near term, this tight demand will keep rate levels decent. Let me just take one second here. I think that wraps up the presentation, but I will come back and see if there's some questions that have come in. Yeah, I think most of the questions which I see here relate very much to the recontracting picture and the timeline and how it's going to look, and whether it's Petrobras or not Petrobras, or a number of opportunities. I think all I can say there is, again, there's many opportunities in Brazil. I think I listed many of these players who have either historically been using or many of them are actually actively looking to use, whether it was your Prios, your MODEC, your Equinors, your Cruzes, your BWs. I think these are people who've been users in the past, and I think some of them do have concrete demands coming forward. Again, we do think that Petrobras will need these units going forward. But I don't want to speculate on this call exactly what the timing will be or how they're going to structure it or anything like that. I'm not going to speculate on that. See here if there's any other questions. No. Yeah, what's the timeline for this? I think the best estimate of the timeline is that we think it can be weeks to months. I know it's not particularly concrete, but I think we have seen now recently, stuff starting. They've done two. Now we see the Floatel unit. I think our expectation is that in the coming months, we will see more contracting activity. Historically, we have seen everything from Petrobras or others being out there a year or more in advance to actually relatively short timeframe on some of these units, particularly when people were looking at extensions, and particularly some of the more independent players in the market tend to have shorter time spans between issuing a tender and getting something on hire. I think, yeah, I'm not going to speculate too much, but I think it is sort of in that weeks to months category. But the market is very solid. Again, very little supply and a lot of demand pushing, and people actually actively not being able to get units. Just to give a color, a little story, I was with some potential clients back in the summer, and some of them came and said, "Well, Reese, actually, we need a unit now. Don't you have something now? Don't you have something for the fall?" We sort of pulled up that slide and said, "Well, there's actually nothing really available." They said, "Well, we've tried other solutions, but it's been very ineffective and very costly, and we really struggle, so we really want a unit." We sort of said, "Guys, you need to start planning further ahead, because this market is much tighter than you think. If you really do need a high-end unit or really do need a specific UMS with a gangway, a passive gangway, you need to be into the market earlier." I think there's a realization there from clients that they need to do that. I think we are going to see more activity in this market. One last check. Oh, I think that was it from the questions. With that, I would like to thank everyone who joined the call, and look forward to speaking to you at the next quarter. Thank you very much. Thank you.