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SeaBird Exploration PLC (SBX.OL)

SBX.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Perestroika receives 7.2 pct of Seabird Exploration
Monday, 7 Aug 2017 07:05am EDT 

Aug 7 (Reuters) - SEABIRD EXPLORATION PLC ::PERESTROIKA AS RECEIVED 4 132 470 SHARES IN SEABIRD EXPLORATION PLC, CORRESPONDING TO 7,19 % OF ISSUED SHARE CAPITAL​.  Full Article

Seabird Exploration obtains all consents required for restructuring
Tuesday, 1 Aug 2017 02:18am EDT 

Aug 1 (Reuters) - SEABIRD EXPLORATION PLC ::REG-SEABIRD EXPLORATION: ALL CONSENTS REQUIRED FOR THE RESTRUCTURING OBTAINED.‍COMPANY WILL AS A CONSEQUENCE OF RESTRUCTURING REDUCE ITS DEBT AND LEASE BURDEN BY APPROXIMATELY USD 37.5 MILLION​.‍WILL AS A CONSEQUENCE OF RESTRUCTURING HAVE USD 5.7 MILLION IN OUTSTANDING FINANCIAL DEBT, HAVE NO SIGNIFICANT DEBT MATURITIES UNTIL JUNE 30, 2020​.  Full Article

Seabird Exploration enters option agreement with TGS Nopec
Monday, 31 Jul 2017 02:00am EDT 

July 31 (Reuters) - SEABIRD EXPLORATION PLC ::REG-SEABIRD EXPLORATION: SEABIRD ENTERS OPTION AGREEMENT WITH TGS NOPEC FOR UP TO 600 DAYS OF 2D SEISMIC SERVICES.CALL-OFF UNDER THIS OPTION AGREEMENT MAY BE MADE BY TGS AT ITS OPTION THROUGHOUT 2017.AGREEMENT WILL BE EXTENDED THROUGH 2018 UNDER CERTAIN CONDITIONS.  Full Article

Seabird signs agreement to provide a source vessel for upcoming survey
Tuesday, 27 Jun 2017 02:39am EDT 

June 27 (Reuters) - SEABIRD EXPLORATION PLC ::REG-SEABIRD EXPLORATION: SOURCE WORK IN SOUTH AMERICA.SIGNED AN AGREEMENT TO PROVIDE A SOURCE VESSEL FOR AN UPCOMING SURVEY IN SOUTH AMERICA..PROJECT IS ANTICIPATED TO COMMENCE DURING Q3 AND WILL HAVE A DURATION OF APPROXIMATELY 60 DAYS.SEABIRD WILL BE USING OSPREY EXPLORER FOR PROJECT.  Full Article

Seabird Exploration ‍signs letter of award for 2D work in NW Europe​
Monday, 29 May 2017 07:20am EDT 

May 29 (Reuters) - SEABIRD EXPLORATION PLC :‍SIGNED A LETTER OF AWARD FOR SOME 2D WORK IN NW EUROPE FOR AN UNDISCLOSED CLIENT, SUBJECT TO CONTRACT.​.PROJECT IS DUE TO COMMENCE IN Q3 AND WILL HAVE A DURATION OF APPROXIMATELY TWO TO THREE WEEKS..SEABIRD WILL BE USING HARRIER EXPLORER FOR PROJECT..  Full Article

Seabird announces proposal for debt restructuring
Friday, 26 May 2017 04:52am EDT 

May 26 (Reuters) - SEABIRD EXPLORATION PLC ::REG-SEABIRD ANNOUNCES PROPOSAL FOR DEBT RESTRUCTURING.FOLLOWING RESTRUCTURING DEBT IN SEABIRD WILL BE REDUCED BY USD 22 MILLION AND LEASE OBLIGATIONS WILL BE REDUCED BY USD 10.4 MILLION.SEABIRD EXPLORATION PLC - REMAINING DEBT UNDER SBX04 BOND LOAN AND GLANDER CREDIT FACILITY WILL BE A TOTAL OF USD 5.0M AND REMAINING LEASE OBLIGATIONS (PAYABLE IN KIND UNTIL MATURITY) WILL BE USD 2.4M.‍WILL PROPOSE TO ITS BONDHOLDERS AND CERTAIN OF ITS OTHER CREDITORS A DEBT RESTRUCTURING OF SEABIRD GROUP THAT WILL FACILITATE A COMPREHENSIVE RESTRUCTURING OF BALANCE SHEET​.ABG SUNDAL COLLIER ASA AND ARCTIC SECURITIES AS ACT AS FINANCIAL ADVISORS TO COMPANY.ADVOKATFIRMAET SCHJØDT AS ACTS AS NORWEGIAN LEGAL COUNSEL TO COMPANY.  Full Article

Seabird Exploration signs a LoI for additional work for Osprey Explorer
Wednesday, 24 May 2017 10:24am EDT 

May 24 (Reuters) - SEABIRD EXPLORATION PLC :REG-SEABIRD EXPLORATION: ADDITIONAL WORK FOR OSPREY EXPLORER IN WEST AFRICA.SIGNED A LETTER OF AWARD FOR SOME ADDITIONAL WORK IN WEST AFRICA FOR AN UNDISCLOSED CLIENT.PROJECT IS DUE TO COMMENCE IN LATE Q2 AND WILL HAVE A DURATION OF APPROXIMATELY TWO WEEKS..  Full Article

Seabird Exploration Q1 EBITDA swings to loss of $ 2.8 mln
Friday, 5 May 2017 01:00am EDT 

May 5 (Reuters) - SEABIRD EXPLORATION PLC :REG-SEABIRD EXPLORATION: FIRST QUARTER 2017 REPORT.Q1 REVENUE $ 8.4 MILLION VERSUS $26.0 MILLION YEAR AGO.Q1 EBITDA LOSS $ 2.8 MILLION VERSUS PROFIT $7.4 MILLION YEAR AGO.SAYS TOGETHER WITH ITS FINANCIAL ADVISORS ARE CONTINUING TO EVALUATE FINANCIAL ALTERNATIVES.SAYS ALTERNATIVES MAY INVOLVE RAISING OF ADDITIONAL CAPITAL AND REFINANCING OR RESTRUCTURING EXISTING OBLIGATIONS.SAYS RAISING OF ADDITIONAL CAPITAL AND REFINANCING OR RESTRUCTURING EXISTING OBLIGATIONS MAY RESULT IN A DILUTION TO CURRENT SHAREHOLDERS..MAY SELL OR OTHERWISE MONETIZE CERTAIN ASSETS, BUT ABILITY TO SELL OR OTHERWISE MONETIZE ASSETS MAY NOT BE AVAILABLE WITHIN A SHORT TIME FRAME OR AT ALL.  Full Article

Seabird Exploration signs a contract in West Africa
Tuesday, 25 Apr 2017 02:00am EDT 

April 25 (Reuters) - SEABIRD EXPLORATION PLC :SEABIRD EXPLORATION: OSPREY EXPLORER CONTRACT IN WEST AFRICA.HAS SIGNED A LETTER OF AWARD FOR AN UPCOMING 2D SEISMIC SURVEY IN WEST AFRICA.PROJECT IS DUE TO COMMENCE IN Q2 AND WILL HAVE A DURATION OF APPROXIMATELY ONE MONTH.  Full Article

Seabird Exploration signs a Voyager Explorer contract in South East Asia
Thursday, 6 Apr 2017 04:14am EDT 

SEABIRD EXPLORATION PLC : REG-SEABIRD EXPLORATION: VOYAGER EXPLORER CONTRACT IN SOUTH EAST ASIA . SIGNED A LETTER OF INTENT TO PROVIDE A SEISMIC SOURCE VESSEL FOR AN UPCOMING SURVEY IN ASIA PACIFIC REGION .PROJECT IS DUE TO COMMENCE IN SECOND HALF OF JUNE AND WILL HAVE A DURATION OF APPROXIMATELY FIVE TO SIX MONTHS.  Full Article