SeaBird Exploration Plc announced that Mr. Christophe Debouvry has been appointed as new Chief Executive Officer of SeaBird. Mr. Debouvry will assume the position with the Company on 18 January 2016. The current CEO Mr. Dag Reynolds will be stepping down from his position with effect from 1 January 2016.

Annette Malm Justad, Chairman of the Board, will assume the position of interim CEO from 1 January until Mr. Debouvry starts. Christophe Debouvry has a long track record in international offshore operations and finance including more than 20 years with the leading seismic company CGG Group where he was most recently CFO for CGG Services. Since he left CGG in 2010, he has in particular worked with Oaktree Capital Management on the build- up of the Harkand Group.