Seacrest Petroleo Bermuda Limited: Appointment of Thomas Kandel as interim Chief Financial Officer

30 Sep 2024 18:37 CEST

Rio de Janeiro, Brazil/Hamilton, Bermuda, 30 September 2024: Seacrest Petroleo
Bermuda Limited ("Seacrest Petroleo" or the "Company") announces that
Investment Director Thomas Kandel will, from 1 October 2024, be appointed
interim Chief Financial Officer of Seacrest Petroleo. Kandel has been working
as Investment Director of the Company since its incorporation in 2019, and he
knows the Company and its operations well.

Mr. Kandel replaces Torgeir Dagsleth, who is resigning for personal reasons.
Mr. Dagsleth will remain with the Company in a different role going forward.

José Cotello, CEO, said: "I would like to thank Torgeir Dagsleth for his
contribution to the Company as its CFO. I am very happy that Thomas Kandel has
accepted to take on this role."

For further information, please contact:
John de los Santos, Head of Investor Relations
Seacrest Petroleo Bermuda Limited
Tel. +44 79 4971 4756
E-mail: john.santos@seacrestpetroleo.com

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act and the Euronext Rule Book part
II.

About Seacrest Petroleo

Seacrest Petroleo is an independent oil and gas production company with an
integrated portfolio of onshore producing oil fields and export infrastructure
onshore in Espírito Santo, Brazil. The fields have estimated oil and gas in
place volumes of 1.2 billion barrels of oil equivalents and certified 2P
reserves of 144 million barrels of oil equivalents. The Company has exclusive
control over its infrastructure, continuously from field production to
offshore tanker loading terminal, allowing for cost-effective operations, and
enabling direct access to markets for its premium grade products. The Company
has offices in Bermuda, Norway and Brazil.

Important information

Matters discussed in this press release may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believes",
"continue", "estimate", "expect", "intends", "may", "should", "will" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements. The
information, opinions and forward-looking statements contained in this release
speak only as at the date of this release and are subject to change without
notice.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication at
2024-09-30 18:37 CEST.

More information:
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