Q1 EBITDA of USD 10.9m. Ahead of ARCe, but big miss vs. cons., likely due to lagging estimatesQ1 NIBD USD 95m (vs. ARCe USD 88m), leverage 0.9xProduction 8.4 kbopd IFRS / 14.9 kbopd pro forma. Q1 realised price USD 68.41/bbl (pre-Hormuz escalation)Q2 pricing confirmed: 546k pro forma barrels already sold at USD ~114/bbl. ~80% of FY liftings in 2H and 80% of Q2–Q4 production unhedgedFull-year 2026 production guidance (pro forma) unchanged at 15,000–17,000 bopdBlock G transaction close expected Q3 ....
