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SeaBird Exploration PLC (SBX.OL)

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Latest Key Developments (Source: Significant Developments)

Seabird Exploration posts Q4 negative EBITDA of $1.9 mln
Friday, 24 Feb 2017 01:09am EST 

Seabird Exploration Plc : Revenues for Q4 were $3.4 million, a decrease of 87 pct compared to Q4 2015 . Q4 reported EBITDA was negative $1.9 million compared to positive $4.6 million for q4 2015 .First quarter 2017 revenues are expected to be negatively impacted by idle periods as well as the potential repositioning of vessels before start-up of new projects.  Full Article

Seabird Exploration to provide 2D seismic vessel for survey in Caribbean
Thursday, 23 Feb 2017 10:57am EST 

Seabird Exploration PLC : 2D streamer work in the Caribbean . Has signed an agreement to provide a 2D seismic vessel for an upcoming survey in Caribbean .Project is anticipated to commence in second half of March and will have a duration of abouty one month.  Full Article

Seabird Exploration signs a 2D seismic survey contract in South America
Friday, 9 Dec 2016 03:19am EST 

Seabird Exploration Plc : Signs a 2D seismic survey contract in South America . Project is anticipated to commence in late Dec. 2016 and will have a duration of about 45 days .Says will be using Northern Explorer for project.  Full Article

Seabird Exploration: Source work in West Africa
Friday, 4 Nov 2016 02:15am EDT 

Seabird Exploration Plc : Source work in West Africa . Signed an agreement to provide a source vessel for an upcoming ocean bottom seismic survey in Gulf of Guinea .Project is anticipated to commence in late Q4 2016 and will have a duration of about two to three months.  Full Article

SeaBird exploration Q3 reported EBITDA rises to $10.7 mln
Friday, 4 Nov 2016 02:05am EDT 

SeaBird Exploration Plc : Revenues for quarter 3 were $20.4 million, a decrease of 12 pct compared to Q3 2015 and down 8 pct relative to Q2 2016. . Q3 reported EBITDA $$10.7 million versus $4.6 million year ago ."We expect current seismic market softness to continue to impact seismic sector in 2017".  Full Article

Seabird Exploration: Acquisition of Hawk Explorer
Thursday, 1 Sep 2016 02:00am EDT 

Seabird Exploration Plc : Has entered into a contract for purchase of vessel Hawk Explorer and its seismic equipment .Under the purchase agreement, SeaBird will pay $1.1 million for the vessel and seismic equipment as well as the cancellation of all future lease payments and additional obligations as required under the charter agreement.  Full Article

Seabird Exploration Q2 EBIT turns to profit $1.9 million
Friday, 19 Aug 2016 01:00am EDT 

Seabird Exploration Plc : Q2 contract revenues $21.4 million, up 14 pct from Q2 2015 . Q2 EBIT $1.9 million compared to loss $15.7 million year ago and profit $3.6 million for Q1 2016 . Says oil industry exploration spending is anticipated to remain depressed for foreseeable future and this is likely to continue to negatively impact seismic activity . Mexico Gigante project is expected to be completed during Q3 2016, with three vessels employed on project in that reporting period . Company is reviewing number of survey opportunities for quarter four of 2016 as well as fiscal 2017 .Measures may include stacking of additional vessels and further fleet reduction.  Full Article

SeaBird Exploration Plc to supply one source vessel for upcoming survey
Monday, 2 May 2016 02:01am EDT 

SeaBird Exploration Plc:Has signed an agreement to supply one source vessel for an upcoming survey in North West Europe during this coming summer season.Project is due to commence during Q2 2016 and will run for about 2 months.  Full Article

SeaBird Exploration Plc: Extension of Hawk lease
Monday, 7 Mar 2016 06:38am EST 

SeaBird Exploration Plc:Says has signed an addendum to the charter party relating to M/V Hawk Explorer to further extend the lease on current payment terms from May 31, 2016 to Feb. 28, 2017.At the end of the lease, the company will have them option to purchase the vessel and related equipment for $1.75 million.Alternatively, the company may at its discretion extend the lease for a firm period up to and including Nov. 30, 2017, at which point it will have the option to purchase the vessel and related equipment for $67,800.During the initial lease period, SeaBird may at its sole discretion terminate the charter on Aug. 31, 2016 or Nov. 30, 2016.  Full Article

SeaBird Exploration Plc signs undershoot work contract in North Sea
Wednesday, 24 Feb 2016 02:00am EST 

SeaBird Exploration Plc:‍Company has signed contract for undershoot work in North Sea during coming summer season.‍Project is due to commence in Q3 2016 and will run for about three weeks.  Full Article

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