SeaBird - Last day of trading in SBX01 and SBX02

Cyprus, 9 December 2011

Reference is made to previous stock exchange notice dated 25 November 2011 for
Summons to bondholders' meeting and 5 December 2011 for Notice from bondholders'
meeting in relation to bondholders approving the restructuring of SeaBird
Exploration PLC ("SeaBird" or the "Company"). The partial redemption and
conversion is currently scheduled to take place on 19 December 2011 for both
SBX01 RET (ISIN NO 001 0326044) and SBX02 RET (ISIN 0010353915) providing that
all conditions precedent in the bondholders' meeting are met.

Today, 9 December 2011 will be the last day of trading in the two outstanding
bond issues SBX01 RET and SBX02 RET providing that all conditions precedent in
the bondholders meeting are met.

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.


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