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SeaBird Exploration Plc ( (DE:E36) ) just unveiled an update.
Seabird Exploration Plc reported a strong fourth quarter for 2024 with revenues of USD 10.2 million and an adjusted EBITDA of USD 4.6 million. The company also announced the signing of a Letter of Intent to merge with Energy Drilling, aiming to create a diversified offshore services provider with robust cash flow and a focus on shareholder returns. This strategic move is expected to enhance the company’s market position and financial performance.
More about SeaBird Exploration Plc
Seabird Exploration Plc is a global provider of marine 2D seismic acquisition and source vessel services for the Oil & Gas industry. The company focuses on maximizing shareholder value through quality, safety, innovation, and technical excellence in seismic data collection, using its fleet of two state-of-the-art vessels and additional available equipment for third-party vessels. It is registered in Cyprus with a branch office in Bergen, Norway, and is listed on the Oslo Børs under the ticker SBX.
YTD Price Performance: 18.22%
Average Trading Volume: 1,620
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €47.08M
Learn more about E36 stock on TipRanks’ Stock Analysis page.
