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Cyprus, 9 December 2009: Reference is made to the stock exchange notice on 11 November 2009 regarding the successful completion of the Private Placement in SeaBird Exploration Limited ("SeaBird" or the "Company").
 
Oslo Børs has today approved the Prospectus prepared in connection with the listing of shares issued in the Private Placement. Of the 54,000,000 shares delivered to the subscribers in the Private Placement, 12,089,000 shares were newly issued shares registered on the Company's ordinary ISIN and tradable on Oslo Børs. The remaining 41,911,000 new shares were issued and registered on a separate ISIN (being ISIN US81144P1012) pending approval of the Prospectus. These shares will assume the Company's ordinary ISIN and be listed and tradable on Oslo Børs from and including 10 December 2009.
 
Following completion of the Private Placement, the total number of issued Shares in the Company is 174,895,831.
 
For further queries contact:
 
Tim Isden
CEO SeaBird Exploration
Phone: +971 504 539075
 
Kai Solberg-Hansen
CFO SeaBird Exploration
Phone: +47 920 51 455
 
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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.