SeaBird - Completion of the Fugro Transaction

Cyprus, 8 December 2011

Reference is made to the stock exchange notices dated 18 November 2011 regarding
SeaBird Exploration PLC ("SeaBird" or the "Company") signing a share and
purchase agreement (the "SPA") with Fugro Norway AS ("Fugro") related to Fugro's
acquisition of SeaBird Technologies AS and Seabed Navigation Co Ltd which
collectively hold all of the Company's rights and assets related to the OBN
business.

SeaBird is pleased to announce that it today has closed the Fugro Transaction.

For further information, please contact:

Tim Isden
CEO SeaBird Exploration
Phone: +971 504 539075

SeaBird Exploration PLC "SeaBird" is a global provider of marine solutions for
seabed acquisition of 3D/4C/4D multimode seismic data with OBN operations,
marine 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 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.



[HUG#1570006]