Karoon Energy Ltd (KRNGY) Q2 2026 Earnings Call Transcript

Operator

Good day, and thank you for standing by. Welcome to Karoon Energy First Half 2026 Results. [Operator Instructions] Please be advised that today’s conference call is being recorded. I would now like to hand the conference over to your first speaker today, Carri Lockhart, Chief Executive Officer and Managing Director of Karoon Energy. Please go ahead.

Carri Lockhart
CEO, MD & Director

Thank you. Good morning, everyone, and thank you for joining our 2026 half year results webcast. My name is Carri Lockhart, CEO and Managing Director of Karoon Energy, and I have with me this morning, Eric Williams, our CFO; Ann Diamant, our Senior Vice President of Investor Relations; and also attending is Mark Mick, who is our Chief Commercial and Technical Officer.

Earlier this morning, we released our 2026 half year results to the market. This presentation should be read in conjunction with the ASX announcement, and I draw your attention to the disclaimers on Slide 2 and notes and definitions on Slide 3. I will move straight to Slide 5, which provides an overview of the first half of ’26. Please keep in mind that all currency-related numbers we share are in U.S. dollars except for the per share values.

At the start of the reporting period, we communicated that the first half of 2026 would be a period of intensive investment and execution at Baúna

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