SeaBird Exploration Group - Interim Financial Report Fourth Quarter 2005


Highlights - Q4
 
The Group has continued its strong growth both in revenues and margins and more than doubled its revenues year-to-date compared to corresponding period 2004.
 
The Group turned its negative operating profit in Q4 2004 to a strong positive operating profit in Q4 2005 due to an improved gross profit margin, increasing to 56.5% from 37.7% in fourth quarter of 2004.
 
The current market situation and outlook remains strong, however, oil prices and instability in the Middle East (including Iran) remains inherent risk factors.

Attachments

4th Quarter 2005