SeaBird - 2D contract awarded
(Thomson Reuters ONE) - 09 November, 2009. Cyprus:SeaBird Exploration Limited ('SeaBird' or 'SBX') has been awarded a2D contract for a survey off East Coast India for approximately3,000 line kilometers with an option for the client to extend thesurvey. The recently reactivated vessel Osprey Explorer will bedeployed for this survey commencing December 2009 following aperiodical survey in Singapore. This contract has a value includingmobilization and demobilization of about USD 2.4 million for thefirm portion. The Hawk Explorer recently redelivered from her termcharter with Fugro and presently undergoing a periodical survey inDenmark, will substitute for the previously announced Gulf ofMexico time charter contract intended for Osprey Explorer, thussaving considerable mobilization costs and improving the netearnings combined for these two vessels.For further queries contact:Tim IsdenCEO SeaBird ExplorationPhone: + 971 504 539075Kai Solberg-HansenCFO SeaBird ExplorationPhone: + 47 920 51455- - -SeaBird Exploration Limited (BVI) `SeaBird` is a global provider ofmarine 2D and 3D seismic data, solutions for seabed acquisition of4C/4D multimode seismic, and associated products and services tothe oil and gas industry. SeaBird specializes in high qualityoperations within the high end of the source vessel and 2D market,as well as in the shallow water 2D/3D market. Main focus for thecompany is proprietary seismic surveys (contract seismic). SeaBirddoes not have a multi-client data library. Main success criteriafor the company are an unrelenting focus on Health, Safety,Security, Environment and Quality (HSSEQ), combined with efficientcollection of high quality seismic data.All statements in this press release other than statements ofhistorical fact are forward-looking statements and are subject to anumber of risks, uncertainties and assumptions that are difficultto predict, and are based upon assumptions as to future events thatmay not prove accurate. These factors include SeaBird`s reliance ona cyclical industry and the utilization of the company's vessels.Actual results may differ substantially from those expected orprojected in the forward-looking statements.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 09.11.2009 - 08:30 Uhr
Sprache: Deutsch
News-ID 8094
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