Q1 2020 SeaBird Exploration PLC Earnings Call Transcript
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And at the same time, minimize the damage on the company and then, in particular, our cash position. I would like to thank all our people for a tremendous job done and a positive attitude that has been shown during these trying times.
While our plans only 3 months ago centered around upgrading our assets, to add quality and flexibility to our fleet with an eye on starting to reap the benefits of this as of the second half year, we have since then pushed out our CapEx plans while preparing the company for very low activity levels over the next few months and in order then to preserve cash. However, our long-term plans are intact. We intend to finish the upgrade program in due time and when the market allows us, and we will present an offering to our clients that consists of a modern, versatile and competitive fleet managed by the lowest cost organization in the industry. That is our value proposition. And as our first quarter report shows, the company has begun to show resilience during
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