Feb 10, 2025 / 09:00AM GMT
Finn Hamre - Seabird Exploration PLC - Interim Chief Executive Officer, Chief Operating Officer
Good morning and welcome to SeaBird Exploration fourth-quarter presentation.
We are, today, represented by our Chairman, Ståle Rodahl; CFO, Sveinung Alvestad; and I, Finn Atle Hamre, the CEO.
With reference to last week's announcements of signed LOI related to the merger with EDrill, our Executive Chairman will give some closing remarks to this presentation. Also, please refer to last week's webcast, which you can find on our web page.
And we go directly to financial performance summary.
Zero Lost Time Incidents. Operational excellence is key to winning and renewing contracts with the clients. Operational downtime, for the quarter, at a low 1.7%, which reflects our strong focus, health, safety, environment, and quality.
We generated $4.6 million of EBITDA during the quarter. Our balance sheet is robust, with a net depth of $9.4 million and a working capital position of $3.4 million, which we are comfortable with.
Valuation. Based on current market cap
Q4 2024 Seabird Exploration PLC Earnings Call Transcript
Feb 10, 2025
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