Q1 2025 Seabird Exploration PLC Earnings Call Transcript

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May 28, 2025

May 28, 2025 / 08:00AM GMT
Kurt M Waldeland - SED Energy Holdings Picchi Executive Officer - Chief Executive Officer

Welcome to this presentation of the pro forma first quarter financial results for Energy Holdings. My name is Kurt Waldeland, and I am the CEO of Energy Holdings. I am joined today by Viggo Pedersen, CFO of Energy Drilling; and Sveinung Alvestad, CFO of SeaBird Exploration.

Before we start, I kindly ask you to have a look at the disclaimer slide regarding forward-looking statements in the presentation. As announced earlier this week, the transaction between Energy Drilling and SeaBird Exploration formally closed on Monday, the 26 May. We are very excited about the closing of the transaction and the successful creation of Energy Holdings.

Energy Holdings will be an industrial holding company uniquely positioned with robust backlogs and conservative capital structure. From the outset, the company will have two wholly owned subsidiaries, Energy Drilling and SeaBird Exploration, both leaders in their respective fields and operating in what we view as highly attractive niches of the oil and gas service

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