Nov 13, 2024 / 09:00AM GMT
Finn Atle Hamre - Seabird Exploration PLC - CEO
Sold out until mid next year with a total of 20 months of firm backlog extending to 30 months when including auctions.
In addition to the two vessels, we have seismic equipment pool which allows us to outfit a third vessel quickly and on relatively low cost.
During the last two plus years, we have restructured our balance sheet significantly repaid our debt and balanced our working capital position.
This has resulted in a very strong capital structure. With the backlog mentioned, we have robust cash flow visibility over the next nine months.
We have now entered a new phase starting to distribute cash to owners. We've already paid out 12 cash distributions this year and ERNST plans to pay another in in in this in the next year when I should performance summary, HCQ zero, lost time incident over the past 12 months. Operational excellence is key to winning and renewing contracts with clients operational downtime at a low 2.2% over the last year which reflects our strong focus on HCQ financials. We generated 4.4 million of a
Q3 2024 Seabird Exploration PLC Earnings Call Transcript
Nov 13, 2024
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