• FY25 production averaged 5,398 boe/d, comprising 4,095 boe/d from Vietnam and the balance from Egypt. This is consistent with the 5,391 boe/d reported in November and within the 5.2–6.0 mboe/d guidance range.
• Two infill wells, TGT H1 and TGT H5, are now onstream and performing in line with expectations. We assume ~1.6 mboe/d of average gross production from each new TGT well over their first three months.
• FY26 production guidance is 5.2–6.4 mboe/d, including 4.0–4.95 mboe/d from Vietnam an ....
