0MO8 Seabird Exploration Plc

SeaBird Exploration is pleased to announce that it has entered into a firm duration 1 year contract for the Fulmar Explorer with a repeat customer.  The contract will commence in November 2021.  This contract replaces the letter of intent that was announced on 08 July 2021. 

“The Fulmar Explorer is in the final stage of outfitting to a high-end OBN source vessel for the future, with capability for nine gun strings, high volume triple source, and redundancy.  Securing a contract with one year’s duration in the OBN segment marks a positive shift for SeaBird, with an improved back-log and visibility for 2022”, comments CEO Gunnar Jansen.

The Fulmar Explorer will start mobilizing for the contract already next week.

For further queries contact:

Gunnar JansenCEO Mob: +47 941 19 191

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.

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