SeaBird Exploration (SBX)

[TekBot]

SeaBird Exploration: fourth quarter 2019 presentation and webcast

24 February 2020, Limassol, Cyprus

SeaBird Exploration will present their financial results for the fourth quarter
…

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of 2019 on Friday, 28 February. There will be an investor presentation at 08:00
hours at SeaBird’s offices in Sandviksbodene 68, Bergen.

The presentation will be transmitted live and a recorded version will be
available shortly thereafter.

Please use the following conference call link:

https://join-
emea.broadcast.skype.com/sbexp.com/08a01decd26f42e89fad5ab1777d01fb/en-US/

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements. This information is
subject of the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.

For further queries contact:

Gunnar Jansen
CEO SeaBird Exploration
Phone: +47 9411 9191

Kilde

[TekBot]

SeaBird Exploration: fourth quarter 2019 report

28 February 2020, Limassol, Cyprus

SeaBird is pleased to announce its fourth quarter 2019 report.
…

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Summary observations for the quarter

• Revenues of $7.6 million, up 12% from Q4 2018

• Utilization of 42%, down from 58% in Q4 2018

• Restructuring charge of $1.2 million and a decommissioning and impairment
  charge of $3.0 million

• Adjusted EBITDA of negative $3.8 million, down from negative $1.2 million
  in Q4 2018

• Market outlook sees modest improvement for 2020; 2D activity improving and
  OBN market remains healthy

• Delivery on the new strategy communicated on 7 November 2019:

  • cost cutting according to plan
  • relocation
  • reorganization while improving technical downtime
  • fleet renewal without major capex while adding flexibility to costs and
    a lighter balance sheet

• Subsequent to quarter end, SeaBird agrees to a $16 million long-term credit
  facility

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

The fourth quarter 2019 presentation will be transmitted live here:

https://join-emea.broadcast.skype.com/sbexp.com/68d19ae805c640a9aedec6c0eef69dff

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act

For further queries contact:

Gunnar Jansen
CEO SeaBird Exploration
Phone: +47 9411 9191

Kilde

[TekBot]

SeaBird Exploration: update on the “Petrel Explorer”

2 March 2020, Limassol, Cyprus

Seabird Exploration has received a notice of extension of the «Petrel Explorer»
…

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time charter party. The charter period is now firm until 31 May 2020.

Furthermore, the Company has received indicative bid interest from a prospective
buyer of the vessel. Given the positive market backdrop, the Company`s preferred
strategy for the vessel is to maintain exposure through the current charter
party. However, pending further extensions, the Company may seek a new owner for
the vessel.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further queries contact:

Ståle Rodahl
Executive Chairman
Phone: +47 4840 0593

and

Gunnar Jansen
CEO SeaBird Exploration
Phone: +47 9411 9191

Kilde

[TekBot]

SeaBird Exploration Plc: mandatory notification of trade

19 March 2020, Limassol, Cyprus

Gunnar Jansen, acting CEO, has today purchased 525,000 shares in Seabird
…

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Exploration Plc at a price of NOK 0.20 per share. Following this transaction,
Mr Jansen holds 525,000 shares and 7,200,000 options in the company.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further queries contact:

Gunnar Jansen
CEO SeaBird Exploration
Phone: +47 9411 9191

Kilde

[Tyrefekter]

Hæ??

[TekBot]

SeaBird Exploration Plc:

CHANGE IN FINANCIAL CALENDAR
Solely due to practical challenges caused by the COVID-19 situation, SeaBird
Exploration Plc has postponed the release of the 2019 Annual report from April
…

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3 to April 8 2020.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements. This information is
subject of the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.

For further queries contact:

Erik von Krogh
CFO SeaBird Exploration Phone: +47 930 38 075

Kilde

[TekBot]

Contract Update - Eagle Explorer and Covid-19

CONTRACT UPDATE - EAGLE EXPLORER AND COVID-19

Further to the notice of 27 January 2020, SeaBird Exploration Plc has been
…

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notified that the end-client has cancelled the two OBN surveys off West Africa
due to the COVID-19 situation. The Eagle Explorer has mobilized and is ready
for work, and the Company expects to be made whole on the contract.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic

data, and associated products and services to the oil and gas industry. SeaBird

specializes in high quality operations within the high end of the source vessel

and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main

focus for the company is proprietary seismic surveys (contract seismic). Main

success criteria for the company are an unrelenting focus on Quality, Health,

Safety and Environment (QHSE), combined with efficient collection of high

quality seismic data. All statements in this press release other than statements

of historical fact are forward-looking statements and are subject to a number of

risks, uncertainties and assumptions that are difficult to predict, and are

based upon assumptions as to future events that may not prove accurate. These

factors include SeaBird`s reliance on a cyclical industry and the utilization of

the company’s vessels. Actual results may differ substantially from those

expected or projected in the forward-looking statements. This information is

subject of the disclosure requirements pursuant to section 5-12 of the Norwegian

Securities Trading Act.

For further queries contact:

Gunnar Jansen

CEO SeaBird Exploration

Phone: +47 9411 9191

Kilde

[TekBot]

SeaBird Exploration: annual report 2019

8 April 2020, Limassol, Cyprus

SeaBird Exploration is pleased to announce the release of the Group’s annual
…

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report 2019. The Group reported its IFRS unaudited fourth quarter and
preliminary full year 2019 results on 28 February 2020. There are two changes to
the consolidated annual financial statements compared to those presented on 28
February 2020:

• $ 572k reversal is booked to restructuring expenses. As a result, loss of the
  year decreases from $ 23,843k to $ 23,315k

• $ 545k long term tax liabilities is reclassified to short term tax
  liabilities. As a result, long term tax liabilities decreases from $ 808k to $
  263k

The report is attached hereto and is in addition available for viewing or
download at www.sbexp.com (http://www.sbexp.com).

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

For further queries contact:

Gunnar Jansen
CEO SeaBird Exploration (acting)
Phone: +47 9411 9191

or

Erik von Krogh
CFO SeaBird Exploration
Phone: +47 9303 8075

?

Kilde

[Coiltubing]

Noen som mener at nå er det kroken på døren, hva tror dere?
(Siste mann har sikkert slukket lyset, og det er derfor det er så stilt her!)

[TekBot]

Seabird Exploration – update on COVID-19

The COVID-19 outbreak continues to affect the global economy as well as oil demand. While market uncertainty is high, the Company continues to work with its clients as usual. However, to cope with the uncertainty and preserve cash, the Company has decided to reduce costs further and postpone capex until the market situation normalizes and/or we see concrete work for the vessels affected by this.

Operations: The immediate effects of the COVID-19 situation for the Company are operational. In particular, crew changes for existing projects and mobilization of crew for new projects are made difficult by travel and immigration restrictions. This may have an impact on operational cost, due to additional salaries and increased travel costs caused by the restrictions. Worst case, projects may also be delayed or cancelled due to the logistical challenges created by the COVID-19 restrictions. So far, the main effect for the Company has been the termination of two OBN surveys off West Africa as announced on April 7th.
…

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In the event of a prolonged period of economic shutdown, the Company has contingency plans in place to reduce costs even further and place the vessels idle at a very low cost. In such an event, our ambition is to be able to run the company at less than USD 400k per month including all stacking costs and SG&A, while maintaining ability to operate at least two vessels on contracts simultaneously. Based on contract negotiations and clients existing plans, management currently has no reason to believe that it will be necessary for the Company to execute on its contingency plans.

Capex: The Company has decided to postpone the remaining outfitting of the Fulmar Explorer until markets normalize and/or the vessel sees a contract award. Meanwhile, we will reengineer the project with an ambition to reduce the capex need further. Further, the Company has finished all preparatory work for rigging of the Geo Barents. The vessel has been bid for a contract in the Eastern hemisphere, and the actual rigging will take place upon contract award. The remaining cost for rigging the vessel is estimated to be no more than USD 600k.

In sum, the actions taken will help the Company preserve cash and enable it to weather a prolonged downturn in our markets. The Management and Board of Directors is confident that the Company`s strong balance sheet, modern, flexible and competitive fleet, efficient operations and industry-leading and uniquely low-cost position puts Seabird Exploration on a strong footing to weather the current difficult market conditions and improve its competitiveness versus the industry as the economy and oil markets eventually recovers.

For further information, please contact

Ståle Rodahl

Executive Chairman

Mob: +47 484 00 593

Gunnar Jansen

CEO (acting)

Mob: +47 941 19 191

Kilde

[TekBot]

SeaBird receives letter of award

SeaBird Exploration has received a letter of award for a source contract in
South America. The contract is expected to start in Q3, with a duration of
about 30 - 45 days.
…

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SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements. This information is
subject of the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.

For further queries contact:

Gunnar Jansen
CEO (acting)
Mob: +47 941 19 191

Erik von Krogh
CFO
Mob: +47 930 38 075

Kilde

[TekBot]

SeaBird Exploration Plc: Annual General Meeting 2020

22 April 2020, Limassol, Cyprus

The directors of SeaBird Exploration Plc convene the Annual General Meeting of
…

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the Shareholders for the 14th of May 2020 at 11.00 (local time) at Diagoras
House 7th Floor, 16 Pantelis Catelaris Street, CY 1097 Nicosia, Cyprus. The
agenda, recommendations by the Nomination Committee, proxy form and other
relevant documents are distributed to the shareholders, attached hereto and are
listed on the company’s web-page: www.sbexp.com. The Annual Report 2019 was
released by announcement on 8 April 2020 and is also available on the company’s
web-page.

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act

For further queries contact:

Gunnar Jansen
CEO (acting)
Phone: +47 941 19 191

or

Erik von Krogh
CFO
Phone: +47 930 38 075

Kilde

[TekBot]

SeaBird Exploration Plc: first quarter 2020 presentation and webcast

13 May 2020, Limassol, Cyprus

SeaBird Exploration will present their financial results for the first quarter
…

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of 2020 on Friday, 15 May. There will be an investor presentation at 08:00 hours
at SeaBird’s offices in Sandviksbodene 68, Bergen. The presentation will be
transmitted live and a recorded version will be available shortly thereafter.
Please use the following conference call link:

https://teams.microsoft.com/l/meetup-
join/19%3ameeting_MzA4MmYzNTktN2UwZi00ZmU0LWI5ZWEtOGRjZmUwNDI1ZDdk%40thread.v2/0?context=%7b%22Tid%22%3a%22d7181576-
1d07-4383-b8ac-
6451ab33feae%22%2c%22Oid%22%3a%229f628170-3a21-4974-8f7d-3307a5fc7db6%22%2c%22Is
BroadcastMeeting%22%3atrue%7d
(https://eur01.safelinks.protection.outlook.com/ap/t-
59584e83/?url=https%3A%2F%2Fteams.microsoft.com%2Fl%2Fmeetup-
join%2F19%253ameeting_MzA4MmYzNTktN2UwZi00ZmU0LWI5ZWEtOGRjZmUwNDI1ZDdk%2540threa
d.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522d7181576-1d07-4383-b8ac-
6451ab33feae%2522%252c%2522Oid%2522%253a%25229f628170-3a21-4974-8f7d-3307a5fc7db
6%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d&data=01%7C01%7Cerik.von.kr
ogh%40sbexp.com%7C48f63f27ffa54bcb188108d7f71fcf76%7Cd71815761d074383b8ac6451ab3
3feae%7C1&sdata=ERfZc362MrCV8J0mZxEDmz0q3F%2BmfS4bC6w%2BqDYOyz8%3D&reserved=0)

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements. This information is
subject of the disclosure requirements pursuant to section 5-12 of the Norwegian
Securities Trading Act.

For further queries contact:

Gunnar Jansen
CEO SeaBird Exploration
Phone: +47 9411 9191

Kilde

[TekBot]

SeaBird Exploration Plc:

15 May 2020, Limassol, Cyprus

SeaBird is pleased to announce its first quarter 2020 report.
…

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Summary observations for the quarter

• Revenues of $25.3 million, up from $12.3 million in Q1 2019
• Utilization of 44%, down from 76% in Q1 2019
• EBITDA of $1.8 million, down from $2.7 million in Q1 2019
• Market outlook negatively impacted by COVID-19
• Further cost cuttings have been implemented
• Signed loan agreement for $16m credit facility

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

The first quarter 2020 presentation will be transmitted live here:

https://teams.microsoft.com/l/meetup-
join/19%3ameeting_MzA4MmYzNTktN2UwZi00ZmU0LWI5ZWEtOGRjZmUwNDI1ZDdk%40thread.v2/0?context=%7b%22Tid%22%3a%22d7181576-
1d07-4383-b8ac-
6451ab33feae%22%2c%22Oid%22%3a%229f628170-3a21-4974-8f7d-3307a5fc7db6%22%2c%22Is
BroadcastMeeting%22%3atrue%7d
(https://eur01.safelinks.protection.outlook.com/ap/t-
59584e83/?url=https%3A%2F%2Fteams.microsoft.com%2Fl%2Fmeetup-
join%2F19%253ameeting_MzA4MmYzNTktN2UwZi00ZmU0LWI5ZWEtOGRjZmUwNDI1ZDdk%2540threa
d.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522d7181576-1d07-4383-b8ac-
6451ab33feae%2522%252c%2522Oid%2522%253a%25229f628170-3a21-4974-8f7d-3307a5fc7db
6%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d&data=01%7C01%7Cerik.von.kr
ogh%40sbexp.com%7C48f63f27ffa54bcb188108d7f71fcf76%7Cd71815761d074383b8ac6451ab3
3feae%7C1&sdata=ERfZc362MrCV8J0mZxEDmz0q3F%2BmfS4bC6w%2BqDYOyz8%3D&reserved=0)

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act

For further queries contact:

Gunnar Jansen
CEO (acting)
Mob: +47 941 19 191

Erik von Krogh
CFO
Mob: +47 930 38 075

Kilde

[TekBot]

SeaBird Exploration Plc: first quarter 2020 report

15 May 2020, Limassol, Cyprus

SeaBird is pleased to announce its first quarter 2020 report.
…

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Summary observations for the quarter

• Revenues of $25.3 million, up from $12.3 million in Q1 2019
• Utilization of 44%, down from 76% in Q1 2019
• EBITDA of $1.8 million, down from $2.7 million in Q1 2019
• Market outlook negatively impacted by COVID-19
• Further cost cuttings have been implemented
• Signed loan agreement for $16m credit facility

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic
data, and associated products and services to the oil and gas industry. SeaBird
specializes in high quality operations within the high end of the source vessel
and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main
focus for the company is proprietary seismic surveys (contract seismic). Main
success criteria for the company are an unrelenting focus on Quality, Health,
Safety and Environment (QHSE), combined with efficient collection of high
quality seismic data. All statements in this press release other than statements
of historical fact are forward-looking statements and are subject to a number of
risks, uncertainties and assumptions that are difficult to predict, and are
based upon assumptions as to future events that may not prove accurate. These
factors include SeaBird`s reliance on a cyclical industry and the utilization of
the company’s vessels. Actual results may differ substantially from those
expected or projected in the forward-looking statements.

The first quarter 2020 presentation will be transmitted live here:

https://teams.microsoft.com/l/meetup-
join/19%3ameeting_MzA4MmYzNTktN2UwZi00ZmU0LWI5ZWEtOGRjZmUwNDI1ZDdk%40thread.v2/0?context=%7b%22Tid%22%3a%22d7181576-
1d07-4383-b8ac-
6451ab33feae%22%2c%22Oid%22%3a%229f628170-3a21-4974-8f7d-3307a5fc7db6%22%2c%22Is
BroadcastMeeting%22%3atrue%7d
(https://eur01.safelinks.protection.outlook.com/ap/t-
59584e83/?url=https%3A%2F%2Fteams.microsoft.com%2Fl%2Fmeetup-
join%2F19%253ameeting_MzA4MmYzNTktN2UwZi00ZmU0LWI5ZWEtOGRjZmUwNDI1ZDdk%2540threa
d.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522d7181576-1d07-4383-b8ac-
6451ab33feae%2522%252c%2522Oid%2522%253a%25229f628170-3a21-4974-8f7d-3307a5fc7db
6%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d&data=01%7C01%7Cerik.von.kr
ogh%40sbexp.com%7C48f63f27ffa54bcb188108d7f71fcf76%7Cd71815761d074383b8ac6451ab3
3feae%7C1&sdata=ERfZc362MrCV8J0mZxEDmz0q3F%2BmfS4bC6w%2BqDYOyz8%3D&reserved=0)

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act

For further queries contact:

Gunnar Jansen
CEO (acting)
Mob: +47 941 19 191

Erik von Krogh
CFO
Mob: +47 930 38 075

Kilde

[odin1]

På tide og begynne og kjøpe ?
Olja på veg oppover
De fleste tror seismikk er ut og blitt negative
Aksjen virker billig
Tror denne har startet ferden oppover nå
Og her kan det gå fort

[rayman]

Det finnes bedre alternativer, de sliter jo i ett godt marked også…

[odin1]

Etter det jeg forstår så har de kuttet godt i utgiftene
Markedet reagere jo positivt på kvartalsrapporten ,er jo alltid et godt tegn

[Due]

Deler denne fra Finansavisen Forum:

Q1 resultatene for SBX var overraskende sterke for noen, men ikke for oss som har regnet nøye på selskapet. For eksempel måtte Nornes analytiker på fredag innrømme: ” Surprisingly, positive EBITDA for 1Q”. Norne hadde snublet i egne bein og estimert EBITDA for Q1 på minus 1,9 mill USD mens svaret ble PLUSS 1,8. Norne hadde videre regnet med omsetning på 12,3 mill i inntekter mens riktig svar ble 25,3. I Norne må man nå bytte batteri i kalkulatoren og lage nye regneark.

Ser man på Q2, så ser det ut som mer positiv EBITDA på gang: Et par uker drift med Nordic, 8 uker utleie av Petrel, ca 6 uker jobb med innleid 3D-båt og mulig 4 uker med Voyager i juni. I tillegg kommer mulig erstatning for avlyst jobb med Eagle. Mener de sa på Q1 at de hadde gode samtaler med både source operatør og sluttkunden om Eagle erstatning. Mener også å huske at EMGS fikk ca 2 mill usd for avlyst jobb i Afrika så det er vel kanskje det nivået vi snakker om.

Også Q3 ser ut til å gi positiv EBITDA selv med dagens to kontrakter: 3 mnd med Voyager på source i Asia pluss 4 til 6 uker med source jobb i Sør Amerika. Dette er mer enn nok til å dekke forventet SG&A fra Q3 på kun ca 1,4 mill. I tillegg kommer mulige andre kontrakter.

Det er sterkt at SBX selv i disse tider klarer å levere positiv EBITDA. Faktisk gjør SBX det bedre nå i tider med virus og oljepris på 30 doller enn tiden uten virus og oljepris på 60 dollar. Årsaken er mye lavere kostnader og stabil drift som Rodahl har klart å innføre. Så 2020 ser faktisk ut til å bli et bra SBX år med positiv EBITDA kvartal etter kvartal.

Sbx - fantastiske tall !!! | Finansavisen Forum

[Due]

Og hvilke alternativer er bedre mener du?