5 November 2013, Limassol, Cyprus
Reference is made to the statement dated 4 November 2013. The payment has been determined based on a selling price of NOK 4.1067 per share.
Dag Reynolds purchased 100,000 shares at a price of NOK 4.1067 per share.
Nils Haugestad purchased 9,770 shares at a price of NOK 4.1067 per share.
Alexander Holst purchased 2,400 shares at a price of NOK 4.1067 per share.
After exercising options, Dag Reynolds holds 2,000,000 unexercised options in the Company, corresponding to 2,000,000 shares at the strike price of NOK 2.50. After completion of the abovementioned transactions, the primary insider holds 100,000 shares in the Company.
Nils Haugestad holds 843,882 unexercised options in the Company, corresponding to 843,882 shares at the strike price of NOK 3.95. After completion of the abovementioned transactions, the primary insider holds 9,770 shares in the Company.
Alexander Holst holds 66,667 unexercised options in the Company, corresponding to 66,667 shares at the strike price of NOK 3.95. After completion of the abovementioned transactions, the primary insider holds 2,500 shares in the Company.
SeaBird is a global provider of marine acquisition for 2D/3D and 4D 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/deep water 2D/3D and 4D 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 pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further queries contact:
CEO SeaBird Exploration
Phone: +47 90883737
CFO SeaBird Exploration
Phone: +971 4 427 1700