Brief: SeaBird Exploration Q3 Clean EBITDA Turns To Profit Of $2.0 Mln

Sed Energy Holdings

07/11/2019 06:10

Nov 7 (Reuters) - SeaBird Exploration PLC  SBX.OL :
    * REG-SEABIRD EXPLORATION: THIRD QUARTER 2019 REPORT
    * Q3 REVENUES OF $16.0 MILLION, UP 196% FROM Q3 2018
    * MARKET OUTLOOK IMPROVING WITH TENDERING ACTIVITY POINTING
UP AND
DAY RATES UP APPROXIMATELY 30% YOY SHOWING CONTINUED UPWARDS
PRESSURE
    * Q3 UTILIZATION OF 68%, UP FROM 55% IN Q3 2018
    * Q3 CLEAN EBITDA OF $2.0 MILLION, UP FROM NEGATIVE $2.8
MILLION
IN Q3 2018

Source text for Eikon:  ID:nGNE2PKw0V 
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