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Friday, 4 August 2017

SeaBird Exploration: approved listing prospectus

SeaBird Exploration Plc    

Published: 16:00 CEST 04-08-2017 /GlobeNewswire /Source: SeaBird Exploration Plc / : SBX /ISIN: CY0101162119

SeaBird Exploration: approved listing prospectus

4 August 2017, Limassol, Cyprus

 

Reference is made to the announcement of 1 August 2017 concerning the completion of SeaBird Exploration PLC's debt restructuring.

 

The Financial Supervisory Authority of Norway has approved the prospectus for the listing of 54,389,711 new shares issued in respect of the debt restructuring. The prospectus can be downloaded from www.arcic.com, www.abgsc.com and www.sbexp.com.

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 Quality, Health, Safety and Environment (QHSE), 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:

 

Christophe Debouvry
CEO SeaBird Exploration
Phone: +47 22402705

or

Nils Haugestad
CFO SeaBird Exploration
Phone: +47 22402717

 

 



SBX Prospectus 2017



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: SeaBird Exploration Plc, PO Box 1302 Vika, Oslo 0112, Norge
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