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2016-02-24

SeaBird Exploration Plc: Undershoot in the North Sea Q3 2016

24 February 2016, Limassol, Cyprus

SeaBird Exploration Plc ("SeaBird" or the "Company") is pleased to announce
that the Company has signed a contract for undershoot work in the North Sea
during this coming summer season.

The project is due to commence in Q3 2016 and will run for approximately 3
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

Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717

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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#1988754

Författare WKR

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