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Cyprus, 8 February 2011
Reference is made to the summons to bondholders' meeting dated 28 January 2011 for the proposed amendments to FRN SeaBird Exploration Ltd Callable Bond Issue 2007/2012 (ISIN 001 035391.5).

 

The bondholders' meeting held on 8 February 2011 at 14:00 CET resolved to approve the amendments in accordance with the Company's proposal. Please find attached notice from the bondholders' meeting.

 

For further queries, please contact:
Tim Isden
CEO SeaBird Exploration
Phone: +971 504 539075

 

Kai Solberg-Hansen
CFO SeaBird Exploration
Phone: +47 920 51 455

 

SeaBird Exploration PLC "SeaBird" is a global provider of marine solutions for seabed acquisition of 3D/4C/4D multimode seismic data with OBN operations, marine 2D and 3D 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 water 2D/3D market. Main focus for the company is proprietary seismic surveys (contract seismic). 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.

 

This information is subject of the disclosure requirements acc. to ยง5-12 vphl (Norwegian Securities Trading Act)