Green Energy Group (Seabird Exploration Plc) – Q1 2022 report and update

Green Energy Group (Seabird Exploration Plc) is pleased to announce its first quarter 2022 report.

Headlines Q1 2022

  • NAV reported at NOK 7.23/share end of Q1. The share price ended the quarter at NOK 3.50
  • Revenues of $5.0 million, up from $3.7 million in Q1 2021
  • EBITDA of $0.2 million up from negative $0.5 million in Q1 2021
  • “Eagle Explorer” completed 2D contract with strong production and outstanding operational and technical performance
  • Awarded a 90 days OBN source contract
  • Awarded an OBN source contract that later got cancelled following the Ukraine invasion
  • Cancellation of a 3rd party OBN source contract
  • Completed first marine minerals research cruise
  • Initiated a key mineralogy project
  • Continued strong market outlook in both key battery metals and seismic services


  • Signed LOI regarding potential sale of the seismic operation
  • Completed subsequent offering of 3,500,000 shares

The company will host a webcast at 10:00 CEST today. Please use the following link to join the webcast:

For further queries contact:

Erik von Krogh
Mob: +47 930 38 075