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8 November 2018, Limassol, Cyprus 

SeaBird is pleased to announce its third quarter 2018 report.

Summary observations for the quarter 

- Revenues for the quarter were $5.4 million, compared to $2.9 million Q2 2018 and $2.7 million Q3 2017.  

- Reported EBITDA for the quarter was negative $2.8 million compared to negative $2.3 million for Q2 2018 and negative $14.4 million for Q3 2017. 

- Reported EBIT for the quarter was negative $4.2 million compared to negative $4.0 million for Q2 2018 and negative $25.6 million for Q3 2017. 

- Capital expenditures were USD 1.2 million during the quarter compared to USD 0.1 million in Q3 2017. 

 - Vessel utilization for the quarter was 55%, compared to 22% in Q2 2018 and 22% in Q3 2017.

 The third quarter 2018 presentation will be transmitted live here:

Join the meeting

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act

 For further queries contact:

Hans Petter Klohs
CEO SeaBird Exploration
Phone: +47 22402718

or 

Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717

SeaBird Q3 2018 report
SeaBird Q3 2018 investor presentation