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SeaBird nets USD 30m Americas offshore shoot

12th December 2014

SeaBird Exploration has received a Memorandum of Agreement (MOA) from an unannounced company to acquire up to 45,000 kilometres of 2D seismic data in the North/ South America region

SeaBird Exploration has received a Memorandum of Agreement (MOA) from an unannounced company to acquire up to 45,000 kilometres of 2D seismic data in the North/ South America region

The MOA provides for the company to charter one seismic vessel from SeaBird over a period of approximately 12 months, and is estimated to commence during February 2015, subject to issuance of permits.

The survey will cover a minimum of 17,000 kilometres and up to 45,000 kilometres in several areas in offshore the Americas will have an estimated value between USD 11m (minimum program) and USD 30m (full 45,000 kilometres).

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