SeaBird - Information Memorandum in connection with the sale of the OBN business to Fugro Norway AS

SeaBird - Information Memorandum in connection with the sale of the OBN business to Fugro Norway AS

ID: 97922

(Thomson Reuters ONE) -


Cyprus, 16 December 2011

Reference is made to the stock exchange notices dated 18 November and 24
November 2011 regarding SeaBird Exploration PLC's sale of the OBN business to
Fugro Norway AS.

Please find attached the Information Memorandum regarding the sale, prepared in
accordance with Section 3.5 of the Continuing Obligations of stock exchange
listed companies.

For further information, please contact:

Tim Isden

CEO SeaBird Exploration

Phone: +971 504 539075

SeaBird Exploration PLC "SeaBird" is a global provider of marine acquisition for
2D and 3D 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
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.




Information Memorandum:
http://hugin.info/136336/R/1572051/489078.pdf








This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: SeaBird Exploration plc via Thomson Reuters ONE

[HUG#1572051]


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Bereitgestellt von Benutzer: hugin
Datum: 16.12.2011 - 14:54 Uhr
Sprache: Deutsch
News-ID 97922
Anzahl Zeichen: 2594

contact information:
Town:

Oslo



Kategorie:

Business News



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