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SeaBird Exploration Secures New Contract, Boosting Earnings Visibility

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SeaBird Exploration Secures New Contract, Boosting Earnings Visibility

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An announcement from SeaBird Exploration Plc ( (DE:E36) ) is now available.

SeaBird Exploration, a subsidiary of Energy Holdings, has secured a new contract for OBN source work in the Western Hemisphere, highlighting the company’s strong operational capabilities and market demand for its services. The contract, set to commence in mid-September, has a firm duration of three months with potential extensions, enhancing SeaBird’s earnings visibility and supporting Energy Holdings’ long-term strategy for shareholder distributions.

More about SeaBird Exploration Plc

Energy Holdings is an industrial partner with a diversified portfolio of cash-generative assets. The company focuses on distributing excess liquidity to shareholders while pursuing disciplined growth. Its subsidiaries include Energy Drilling, a leading operator of drilling rigs, and SeaBird Exploration, a provider of seismic services and vessel solutions.

YTD Price Performance: 65.54%

Average Trading Volume: 466,640

Current Market Cap: NOK5.46B

See more data about E36 stock on TipRanks’ Stock Analysis page.

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