Brief: SeaBird Gets Contract In North Sea, Sells Vessel

Sed Energy Holdings

29/06/2020 10:50

June 29 (Reuters) - SeaBird Exploration PLC  SBX.OL :
    * REG-SEABIRD EXPLORATION PLC: GENERAL UPDATE
    * HAS BEEN AWARDED AN OBN SOURCE CONTRACT IN NORTH SEA WITH
MOBILIZATION IN JULY.
    * HAS DECIDED TO SELL HARRIER EXPLORER FOR RECYCLING
    * SALE IS EXPECTED TO BE COMPLETED IN EARLY Q3 AND WILL HAVE
A
SMALL POSITIVE CASH EFFECT
    * NEXT PLANNED WORK FOR EAGLE EXPLORER IS A SOURCE JOB IN
SOUTH
AMERICA ANNOUNCED ON 20 APRIL.
    * HAS BEEN INFORMED THAT MOBILIZATION FOR THIS SURVEY WILL
BE
DELAYED TO Q4 DUE TO COVID-19
    * HAS NOW COMPLETED REFINANCING OF SBX04 BOND LOAN WITH A
BANK
MORTGAGE FACILITY

Source text for Eikon:  ID:nGNEbZp1SK 
Further company coverage:  SBX.OL 

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