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3 April, 2009.  Cyprus/British Virgin Islands: SeaBird Exploration Limited (BVI) (`SeaBird` or `SBX`) today announced, with reference to the announcements of 3 March 2009 and 12 March 2009, that the exercise period for the 2006/2009 bonds at 55% of the par value will begin on 14 April 2009 and finish on the end of business on 27 April 2007. Notices have been sent to the registered holders of bonds through VPS.
For further queries contact:
Tim Isden
CEO SeaBird Exploration
Phone: +971 504 539075
Kai Solberg-Hansen
CFO SeaBird Exploration
Phone: + 47 920 51 455
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SeaBird Exploration Limited `SeaBird` is a global provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, 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 water 2D/3D market. Main focus for the company is proprietary seismic surveys (contract seismic). SeaBird does not have a multi-client data library. 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.