29 February 2016, Limassol, Cyprus

SeaBird Exploration Plc ("SeaBird" or the "Company") is pleased to announce that the Company has signed an agreement to conduct a pre-funded 2D multi-client survey in North West Europe during this coming summer season. The project is due to commence during Q2-2016 and will run for approximately two to three weeks.

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 Health, Safety, Security, Environment and Quality (HSSEQ), combined with efficient collection of high quality seismic data. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

For further queries contact:

Christophe Debouvry
CEO SeaBird Exploration
Phone: +47 22402705

or

Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SeaBird Exploration Plc via Globenewswire

HUG#1990012
Seabright Holdings, Inc. (NYSE:SBX)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Seabright Holdings, Inc. Charts.
Seabright Holdings, Inc. (NYSE:SBX)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Seabright Holdings, Inc. Charts.