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SeaBird Exploration Plc (0MO8)

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Thursday 09 January, 2020

SeaBird Exploration Plc

SeaBird Exploration: Letter of Award for a 3D survey in Asia

SeaBird Exploration: Letter of Award for a 3D survey in Asia

9 January 2020, Limassol, Cyprus

Seabird today announces a Letter Of Award for a 3D survey in Asia.  The survey commences at the end of Q1 and is expected to be completed in Q2 this year.  The company will use a third party vessel and equipment for this survey as it seeks to optimize its capacity against all contract opportunities currently seen in the region.

In conjunction with the LOA above, Seabird will also enter into a frame agreement with the customer,  under which further work may be awarded to 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. 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:

Gunnar Jansen
CEO SeaBird Exploration
Phone: +47 9411 9191


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