SeaBird Exploration (SBX.OL) gets $6M to Survey Oceania

Brian Hicks

Written By Brian Hicks

Posted March 18, 2014

Offshore exploration, seafloor mapping and seismic survey company SeaBird Exploration (SBX.OL) announced on Tuesday that it has secured new contracts for surveying off the coasts of Australia and New Zealand, and extended a contract for exploring in the North Sea off the UK coast. The contracts are valued at a combined $9 million US Dollars and bring the company’s total backlog of contracts to around $70 million.

New Zealand recently increased its regulations on exploratory deep-sea drilling, adding the requirement that companies get approval from the Environmental Protection Authority. Previously it only required the Prime Minister’s approval.

“Deep-sea drilling in New Zealand waters is a new development, and I’d have thought that given the risk of something going wrong we should have best practice regulation and oversight to minimize those risks,” said Gary Taylor, chairperson of the Environmental Defence Society in New Zealand.

Two Alzheimer’s Breakthroughs

Alzheimer’s is one of the toughest diseases to deal with. The symptoms are clear and deliberate, yet there’s little that can be done to turn them around. However, a newly-developed bloodtest has been shown to predict Alzheimer’s up to three years before symptoms start showing up. With a rapidly aging population, this sort of test is going to be extremely valuable.  That’s not all, either, because there’s also a drug in phase two clinical trials that has promise as a treatment.

Angel Publishing Investor Club Discord - Chat Now

Brian Hicks Premium


Hydrogen Fuel Cells: The Downfall of Tesla?

Lithium has been the front-runner in the battery technology market for years, but that is all coming to an end. Elon Musk is against them, but Jeff Bezos is investing heavily in them. Hydrogen Fuel Cells will turn the battery market upside down and we've discovered a tiny company that is going to make it happen...

Sign up to receive your free report. After signing up, you'll begin receiving the Energy and Capital e-letter daily.