SEABIRD EXPLORATION PLC 26 November 2015, Nicosia, Cyprus:
The Extraordinary General Meeting of SeaBird Exploration Plc ("SeaBird") is completed. All proposals on the agenda were adopted. The shares of SeaBird has been resolved to be consolidated through the conversion of every one thousand of the company's shares of USD 0.0001 each into one share of USD 0.1 each. The last day of trading of the unconsolidated shares will be 10 December 2015 and the first day of trading of the consolidated shares will be 11 December 2015. The company's warrants will be consolidated, and the exercise price of the warrants will be adjusted, pursuant to the consolidation.
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 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 Act.
For further queries contact:
Dag Reynolds
CEO SeaBird Exploration
Phone: +47 90883737
or
Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: SeaBird Exploration Plc via Globenewswire
