SeaBird Exploration Plc: Letter of Award

26 Jun 2024 07:41 CEST

26.6.2024 07:41:38 CEST | Seabird Exploration Plc | Additional regulated
information required to be disclosed under the laws of a member state

Nicosia, Cyprus - 26 June 2024 - Reference is made to Seabird Exploration's (the
"Company") press release on 21 May 2024 regarding an OBN source contract award
in the Western Hemisphere of 6 months plus options to extend by another 6 + 6
months for the "Eagle Explorer".

The Company is pleased to announce that the Client and Company have mutually
agreed to extend the contracts firm duration from 6 months to 12 months with two
6-month options. The Eagle Explorer is currently mobilizing and is expected to
commence the contract by end-June.

With this latest award, the Company's firm backlog has increased to 26 months,
or 38 months when including the options. The Fulmar Explorer has firm
commitments until September 2025 and Eagle Explorer until July 2025.

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/17848273/18159163/4701/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

622402_Download announcement as PDF.pdf