24.2.2023 08:00:01 CET | Seabird Exploration Plc | Additional regulated information required to be disclosed under the laws of a member state
Limassol, Cyprus – 24 February 2023 – Seabird Exploration Plc (“the Company”) announced today results for the fourth quarter of 2022 which ended 31 December 2022.
Q4 HIGHLIGHTS AND SUBSEQUENT EVENTS:
Revenues of USD 8.9 million
EBITDA of USD 2.3 million
Net interest-bearing debt was USD 15.4 million
Utilisation of 81%
Streamlining of Group completed
Strong operational performance in quarter marked by start-up costs
Contract extension awarded
Market conditions continue to improve
Guidance: Q1 2023 EBITDA in the range of USD 4-5m
Please find the full report and a presentation attached.
AUDIOCAST INFORMATION:Date: 24 February 2023Time: 10:00 CEST
A live audiocast will take place today at 10:00 CEST. There will be a Q&A session at the end of the presentation, and written questions can be submitted through the audiocast solution. To join the live audiocast, follow the link below. Please note that a recorded version will be available shortly after the presentation on the Company’s webpages.
https://msteams.link/QEN2
Disclosure regulation
This information is subject to the disclosure requirements in article 19 of the Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.
Contacts
Finn Atle Hamre, CEO, Seabird Exploration Plc, +47 958 35 991, finn.atle.hamre@sbexp.com
Sveinung Alvestad, CFO, Seabird Exploration Plc, +47 952 90 460, sveinung.alvestad@sbexp.com
About Seabird Exploration Plc
Seabird Exploration Plc and its subsidiaries (“SBX” or “the Company”) is a global provider of marine 2D seismic acquisition and source vessel services to the Oil & Gas industry. SBX strive to maximize shareholder value through relentless focus on Quality, Health, Safety and Environment (QHSE), innovation and technical excellence in the efficient collection of high-quality seismic data and dedication to delivering the highest possible client satisfaction. The fleet consist of two vessels that are upgraded and outfitted with state-of-the-art equipment, in addition the Company has available equipment to outfit additional third party vessels. The Company is registered in Cyprus, with branch office in Bergen (Norway). The SBX share is listed on the Oslo Børs (ticker: SBX). For more information, please visit https://www.sbexp.com/.
Attachments
Download announcement as PDF.pdf
2022 Q4 Seabird Exploration _ report.pdf
2022 Q4 Seabird Exploration _ presentation.pdf
