Seabird Exploration Plc: Third-Quarter Results 2024

13 Nov 2024 08:00 CET

13.11.2024 08:00:01 CET | Seabird Exploration Plc | Additional regulated
information required to be disclosed under the laws of a member state

Nicosia, Cyprus - 13 November 2024 - Seabird Exploration Plc ("the Company")
today announces its results for the third quarter ending 30 September 2024.

Q3 HIGHLIGHTS AND SUBSEQUENT EVENTS:

* Revenues of USD 10.0m
* EBITDA of USD 4.4m
* Net interest-bearing debt was USD 10.7 million
* Utilisation rate of 98%
* Continued strong market outlook
* Cash distribution of NOK 0.40 per share proposed

Please find the full report and presentation attached.

AUDIOCAST INFORMATION:
Date: 13 November 2024
Time: 10:00 CEST
Link: https://msteams.link/RKZL

A Q&A session will follow the presentation. Written questions can be submitted
through the audiocast platform. A recorded version will be available on the
Company's website shortly after the presentation.

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

* Finn Atle Hamre, CEO, Seabird Exploration Plc, +47 958 35 991,
finn.atle.hamre@sbexp.com
* 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/17848273/18320996/5236/Download%20announce
ment%20as%20PDF.pdf

2024 Q3 Seabird Exploration _ presentation.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/18320996/5234/2024%20Q3%20Seabird
%20Exploration%20_%20presentation.pdf

2024 Q3 Seabird Exploration _ report.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/18320996/5235/2024%20Q3%20Seabird
%20Exploration%20_%20report.pdf

More information:
Access the news on Oslo Bors NewsWeb site

632018_Download announcement as PDF.pdf
632018_2024 Q3 Seabird Exploration _ report.pdf
632018_2024 Q3 Seabird Exploration _ presentation.pdf