Seabird Exploration Plc: Fourth-Quarter Results 2024

Source: www.gulfoilandgas.com 2/10/2025, Location: Europe

Seabird Exploration Plc ("the Company") today announces its results for the fourth quarter ending 31 December 2024.

Q4 HIGHLIGHTS AND SUBSEQUENT EVENTS:
* Revenues of USD 10.2m
* Adj. EBITDA of USD 4.6m
* Net interest-bearing debt of USD 9.4 million
* Utilisation rate of 99%
* Continued strong market outlook
* Signed a LOI to merge with Energy Drilling

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