Q2 2019 SeaBird Exploration PLC Earnings Call Transcript
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
| 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... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
