SeaBird Exploration Plc: Contract extension

31 Jan 2023 08:00 CET

31.1.2023 08:00:00 CET | Seabird Exploration Plc | Additional regulated
information required to be disclosed under the laws of a member state

Limassol, Cyprus - 31 January 2023 - Reference is made to the stock exchange
notice from Seabird Exploration Plc (the "Company") dated 25 July 2022 where the
Company announced a significant 2D contract in the Eastern Hemisphere.

The Company is pleased to announce that it has received a letter of award for an
extension to the 2D campaign in the Eastern Hemisphere. The extension adds
approximately 20 percent to the original contracted volume while the
contribution to expected profit margins is higher due to the impact on overall
project efficiencies from the extension.



DISCLOSURE REGULATION

This information is subject to the disclosure requirements in article 19 of the
Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading
Act.

CONTACTS

* Finn Atle Hamre, CEO, Seabird Exploration Plc, +47 958 35 991,
finn.atle.hamre@sbexp.com

ABOUT SEABIRD EXPLORATION PLC

Seabird Exploration Plc and its subsidiaries ("SBX" or "the Company") is a
global provider of marine 2D seismic acquisition and source vessel services to
the Oil & Gas industry. SBX strive to maximize shareholder value through
relentless focus on Quality, Health, Safety and Environment (QHSE), innovation
and technical excellence in the efficient collection of high-quality seismic
data and dedication to delivering the highest possible client satisfaction. The
fleet consist of two vessels that are upgraded and outfitted with
state-of-the-art equipment, in addition the Company has available equipment to
outfit additional third party vessels. The Company is registered in Cyprus, with
branch office in Bergen (Norway). The SBX share is listed on the Oslo Børs
(ticker: SBX). For more information, please visit https://www.sbexp.com/.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17848273/2064/2752/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

581018_en_Download announcement as PDF.pdf