Seabird Exploration : - Approved Prospectus
03/20/2012| 12:04pm US/Eastern
Cyprus, 20 March 2012
Reference is made to the stock exchange notices dated 9
December 2011 and 18 November 2011 published by SeaBird
Exploration PLC (the "Company") regarding the
Private Placement (the "Private Placement") of New
The Financial Supervisory Authority of Norway has on 20 March
2012 approved the following prospectus (the
Listing of 139,363,892 New Shares in SeaBird Exploration PLC
issued in connection with a private placement completed on 16
December 2011 at a subscription price of NOK 0.25 per New
The Prospectus can be downloaded from www.seabird.no, www.abgsc.no, www.fearnleyfonds.no .
All of the 139,363,892 New Shares delivered to the
subscribers in the Private Placement have been registered on
a separate ISIN (being ISIN CY101162119) pending approval of
the Prospectus and will assume the Company's ordinary
ISIN and be listed and tradable on Oslo Børs from and
including 21 March 2012.
For further queries contact:
CEO SeaBird Exploration
Phone: +47 46886200
SeaBird Exploration PLC 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
specialises 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
This press release was issued by SeaBird Exploration Ltd. and was initially posted at http://cws.huginonline.com/S/136336/PR/201203/1595859_5.html . It was distributed, unedited and unaltered, by noodls on 2012-03-20 17:59:59 PM. The issuer is solely responsible for the accuracy of the information contained therein.