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7 May, 2010. Nicosia, Cyprus: The Annual General Meeting of SeaBird Exploration Plc ('SeaBird") is completed. All proposals on the agenda were adopted.

 

The Annual General Meeting (AGM) of SeaBird has approved the financial statements and annual report 2009.

 

The AGM has elected Mr. Jan-Eivind Fondal, Mr. Robert Lane, Ola Lorentzon and Mr. Tim Isden as Directors for a two year term.  Following this the Board of Directors constitutes; Mr. Frans Malmros, Mr. Jan-Eivind Fondal, Mr. Robert Lane, Mr. Ola Lorentzon, Mr. Melvin Teigen, Mr. Tim Isden and Mr. Kjell Mathiassen. 

 

                                               

For further queries contact:

 

Tim Isden

CEO SeaBird Exploration

Phone: + 971 504 539075

 

Kai Solberg-Hansen

CFO SeaBird Exploration

Phone: +47 920 51455

SeaBird Exploration Limited (Cyprus) `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, in the shallow water 2D/3D market and in 4C/4D multimode seismic by nodal seabed acquisition. 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. SeaBird is listed on the Oslo Stock Exchange (Ticker: SBX) and currently has nine vessels in its global operational fleet.

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 acc. to ยง5-12 vphl (Norwegian Securities Trading Act)