Aug 15, 2019 / 06:00AM GMT
Hans Petter Amundsen Klohs - SeaBird Exploration Plc - CEO
Good morning, everyone, and welcome to this presentation of SeaBird's second quarter results. I'm Hans Petter Klohs, CEO of Seabed Exploration. And together with me presenting is CFO, Nils Haugestad.
Turning to Slide 3, the agenda. In this presentation, we will take you through the highlights of the second quarter, our market and operational review, our financial review, before we wrap up with a summary, outlook and Q&A session.
Please turn to Page 5. In the second quarter, SeaBird achieved 68% vessel utilization. Revenues came in at USD 9.2 million, while EBITDA was negative USD 1.7 million. This includes the loss provision for Q3 relating to the ongoing Nordic Explorer contract of USD 1.3 million.
In the quarter, we completed the acquisition of the BOA Galatea, while the BOA Thalassa was acquired in July. To finance the acquisition, the company completed the NOK 250 million private placement and NOK 28 million share issued to bondholders as part settlement of BOA Thalassa acquisition.
The quarter
Q2 2019 SeaBird Exploration PLC Earnings Call Transcript
Aug 15, 2019
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers