SeaBird Exploration Plc to present at Pareto Securities Energy Conference 2024

10 Sep 2024 09:51 CEST

10.9.2024 09:51:53 CEST | Seabird Exploration Plc | Additional regulated
information required to be disclosed under the laws of a member state

Nicosia, Cyprus - 10 September 2024 - Seabird Exploration Plc's CEO Finn Atle
Hamre will hold a presentation at Pareto Securities' 31st annual Energy
Conference in Oslo 11 September. Please find the presentation material enclosed
to this release and at our webpages.

Key highlights:

* Continued solid operational and HSEQ performance
* 26 months firm backlog representing USD 23-25m EBITDA before SG&A
* Introducing Q3 EBITDA guidance of USD 4.4m
* Current enterprise value of USD 49m implies vessel values of USD 25m
* Excess cash to be distributed to shareholders, YTD NOK 0.5 per share

DISCLOSURE REGULATION

This information is subject to the disclosure requirements in article 19 of the
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading
Act.

CONTACTS

* Sveinung Alvestad, CFO, Seabird Exploration Plc, +47 952 90 460,
sveinung.alvestad@sbexp.com

ABOUT SEABIRD EXPLORATION PLC

Seabird Exploration Plc and its subsidiaries ("SBX" or "the Company") is a
global provider of marine 2D seismic acquisition and source vessel services to
the Oil & Gas industry. SBX strive to maximize shareholder value through
relentless focus on Quality, Health, Safety and Environment (QHSE), innovation
and technical excellence in the efficient collection of high-quality seismic
data and dedication to delivering the highest possible client satisfaction. The
fleet consist of two vessels that are upgraded and outfitted with
state-of-the-art equipment, in addition the Company has available equipment to
outfit additional third party vessels. The Company is registered in Cyprus, with
branch office in Bergen (Norway). The SBX share is listed on the Oslo Børs
(ticker: SBX). For more information, please visit https://www.sbexp.com/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/18232325/4951/Download%20announce
ment%20as%20PDF.pdf

SeaBird Exploration - Pareto Securities Energy Conference 2024.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/18232325/4950/SeaBird%20Explorati
on%20-%20Pareto%20Securities%20Energy%20Conference%202024.pdf

More information:
Access the news on Oslo Bors NewsWeb site

627372_Download announcement as PDF.pdf
627372_SeaBird Exploration - Pareto Securities Energy Conference 2024.pdf