Green Energy Group (SeaBird Exploration) Announces Letter of Award and Backlog Update

Source: www.gulfoilandgas.com 7/25/2022, Location: Europe

Green Energy Group (SBX Plc, the Company) is pleased to announce that it has received a Letter of Award for a 2D campaign in the Eastern Hemisphere with a duration of approximately 9 months. The contract is expected to commence in September this year with rates reflective of an improving 2D market.

The Company`s backlog currently shows a combined 23 months of work to be performed over the coming 14 months with a projected EBITDA contribution of approximately USD 18 million. As previously communicated, the Company holds considerable capacity for further contracts both in 2D and OBN source.


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