SeaBird Exploration says FY EBITDA to miss 30-33 mln usd target |
|
|
|
Published
:
Tue, 08 Jan 2008 09:02
|
OSLO (Thomson Financial) - Norwegian oil services group SeaBird Exploration Ltd said 2007 EBITDA profit will fail to reach its previously stated targets of 30-33 mln usd -- and that full-year revenue would also fall short.SeaBird cited that fact that production from its vessels Munin Explorer and Geo Mariner fell below expectations in the last part of the quarter.'We expect to end up with revenues around the low end of the previously indicated range of 95-100 mln usd for the year,' SeaBird said.The group also said that expenses were higher than projected in the fourth quarter.'Hence EBITDA for the full year is expected to be slightly below the previously indicated range of 30-33 mln usd,' the company added.SeaBird said all eight of its vessels were in operation in the quarter, with an average vessel utilisation of around 82 pct for the full quarter.patrick.mcloughlin@thomson.compm/vsCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
1649.51 |
+4.39 (
0.28 %)
|
| SYMBOL (
2007-09-26 ) |
| LAST |
CHANGE
|
|
HANSON
(
12:41pm )
|
|
1099.00 |
+3.00 (
0.27 %)
|
|
AMVESCAP
(
11:35am )
|
|
607.50 |
+2.50 (
0.41 %)
|
| SYMBOL (
2008-10-10 )
|
| LAST |
CHANGE
|
| SYMBOL (
2008-10-10 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Oslo shares TFN market data at 9.40am; Pronova up, Seabird dives 