• 4Q25 production averaged 33.5 mboe/d, including 1.4 mbbl/d from Lancaster, slightly ahead of our 32.7 mboe/d forecast. • The balance sheet at the end of 2025 was in line with expectations, taking into account the timing of liftings from Triton. • January‑to‑date production has averaged ~43 mboe/d, with current rates of ~50 mboe/d comprising 20 mboe/d at Bruce, 21 mboe/d at Triton, and 6 mbbl/d at Lancaster. The second Triton compressor has been commissioned, and with Evelyn EV‑02 and Belinda a ....