SeaBird Exploration Plc Gets Letter of award for source work
SeaBird Exploration Plc (“SeaBird”) is pleased to announce that the company has received a letter of award (LOA) for source work for one of its vessels in the South East Asia region. It is estimated that the client will charter the vessel for 30-35 days starting early April 2015. The contract will have an estimated value of USD 3.5 – 4.0 million.
SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic).
With reference to the announcement on 1 October 2014 on the company’s refinance efforts; pending further clarification, SeaBird has requested that Oslo Børs maintains suspension of its shares and SBX03 bonds.
Source: SeaBird Exploration Plc