Go to content
29 April, 2009.  Cyprus/British Virgin Islands: Reference is made to the announcement on 3 March 2009 and the prospectus approved on 6 April 2009 concerning the Subsequent Offering of up to 4,000,000 shares at a subscription price of NOK 2.0 per share with preferred allocation for shareholders as of 2 March 2009 who were not invited to participate in the Private Placement.
   
The subscription period for the offering ended on Tuesday 28 April 2009 and 600,831 shares have been subscribed for. The Board of SeaBird Exploration Limited (`SeaBird` or `SBX`) has decided on 29 April 2009 to allocate and issue 600,831 shares in connection with the repair offering.
 
Allocation letters will be sent to the subscribers on 29 April 2009 with payment for the allocated shares due on 4 May 2009.
 
Following registration in the Company Register in British Virgin Islands total number of issued shares will increase with 600,831 from 120,295,000 to 120,895,831.
 
 
For further queries contact:
 
Tim Isden
CEO SeaBird Exploration
Phone: +971 504 539075
 
Kai Solberg-Hansen
CFO SeaBird Exploration
Phone: + 47 920 51 455
 
- - -
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.