SBX - Nils C. Haugestad appointed new CFO of SeaBird Exploration PLC

Cyprus, 16 March 2012
SeaBird Exploration PLC ("SeaBird" or "SBX") is pleased to announce that Nils
Haugestad has been appointed Chief Financial Officer of the company and will
assume his responsibilities with SeaBird as of 1 April 2012. Mr. Haugestad has
over 20 years experience in investment banking, principal investments and
corporate strategy. He is joining the company from Fokus Capital Ltd. where he
is a founding partner and Chief Executive Officer.  Prior to this, Mr. Haugestad
was Chief Operating Officer of Evolvence Capital Ltd. Mr. Haugestad has
previously held a number of positions in New York with Citigroup, Citicorp
Venture Capital, Credit Suisse, RBC Capital Markets and UBS. Mr. Haugestad holds
a Bachelor of Science degree from the Wharton School, University of Pennsylvania
and a Master of Business Administration degree from Harvard Business School.
Speaking on behalf of the Board of Directors, Henrik Christensen commented:
"SeaBird is pleased to announce the appointment of Nils Haugestad as the
company´s new Chief Financial Officer. Nils brings extensive experience from the
financial services industry and his expertise will be a great asset in helping
us realize our growth strategy."

For further queries contact:
Jan-Eivind Fondal
CEO SeaBird Exploration
Phone: [phone]
SeaBird Exploration PLC 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 specialises 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.

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originality of the information contained therein.

Source: SeaBird Exploration plc via Thomson Reuters ONE

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Wertpapiere des Artikels:
CY0101162119