SeaBird Exploration: resignation of board member

10 September 2019, Limassol, Cyprus

Board member Heidar Engebret has given notice to SeaBird Exploration PLC of his resignation as a member of the board of directors of SeaBird. The company extends its gratitude to Mr Engebret for his services on the board of directors.

The nomination committee has informed the company that they recommend that Mr Engebret be replaced with Mr Ståle Rodahl. On said basis, the board intends to call for an extraordinary general meeting in the near future to propose that Mr Rodahl be elected as a board member. Mr Rodahl will act as an observer to the board of directors until the EGM election.

For further queries contact:
Olav Haugland
Chairman SeaBird Exploration PLC
Phone: +47 915 41 809

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 Quality, Health, Safety and Environment (QHSE), 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