SeaBird Exploration - various contracts

Cyprus, 13 February 2012


SeaBird Exploration PLC ("SBX") hereby announces that it has entered into
certain contracts of a varying nature. Firstly, SBX has entered into contracts
for multiclient data sales relating to the Perdido survey in the US Gulf and for
the late sales of a survey in the Barents Sea. These two contracts represent
values of approx. USD 2.5 million and USD 3.8 million respectively. Secondly,
the contract concerning the Spectrum survey outside Namibia has been extended.
The contract comprises approx. 7.000 kilometers and is expected to represent a
value of approx. USD 3.5 million.


For further queries, please contact Jan-Eivind Fondal
CEO SeaBird Exploration PLC
+47 46886200

SeaBird Exploration PLC 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 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
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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