SeaBird - Summons to bondholders' meeting

Cyprus, 25 November 2011

Reference is made to the announcement on 18 November 2011 regarding agreement
for financial restructuring and industrial partnership. SeaBird Exploration PLC
has called for a joint bondholders' meeting to propose certain amendments to the
loan agreements of SBX01 RET (ISIN 001 032604.4) and SBX02 RET (ISIN
001 035391.5), collectively the "Bond Loans". Please see attached summons.
Bondholders representing more than 2/3 of the votes in the Bond Loans have
committed to support and vote in favour of the proposal.

The bondholders' meeting will be held on 5 December 2011 at 13:00 (CET). The
meeting will be held in the premises of Norsk Tillitsmann ASA (the loan trustee
for the bond loan).

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.




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