30 August 2018, Limassol, Cyprus
Reference is made to the announcement of 24 August 2018, in which SeaBird Exploration PLC ("SeaBird" or the "Company") announced the purchase of 15,000 SeaBird VPS shares, representing 1,500 shares following the reverse split completed 28 August 2018. 1,289 of these shares have been used to round up individual shareholders who would otherwise hold fractions of shares after completion of the Company's 10:1 share consolidation. The Company has today sold the remaining 211 VPS shares at a price of NOK 1.90 per share, and holds no own shares after the transaction.
About SeaBird: SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further queries, please contact:
Hans Petter Klohs
CEO
SeaBird Exploration
Phone: +47 22402718
or
Nils Haugestad
CFO
SeaBird Exploration
Phone: +47 22402717