Green Energy Group (SeaBird Exploration Plc) - Letter of Award and backlog update
July 25 2022 - 2:00AM
Green Energy Group (SeaBird Exploration Plc) - Letter of Award and
backlog update
(Limassol, 25 July 2022) Green Energy Group (SBX Plc, the
Company) is pleased to announce that it has received a Letter of
Award for a 2D campaign in the Eastern Hemisphere with a duration
of approximately 9 months. The contract is expected to commence in
September this year with rates reflective of an improving 2D
market.
The Company`s backlog currently shows a combined 23 months of
work to be performed over the coming 14 months with a projected
EBITDA contribution of approximately USD 18 million. As previously
communicated, the Company holds considerable capacity for further
contracts both in 2D and OBN source.
Contact:Finn Atle Hamre, CEO (interim), +47 928
35 991
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