20 October 2019, Limassol, Cyprus

The Board of Directors of SeaBird Exploration PLC (the "Company") announces today that Gunnar Jansen has accepted a position as interim CEO in Seabird, and replaces Hans Petter Klohs, who has informed the Board of Directors that he will leave his position. Mr Jansen will assume the position immediately.

Mr Jansen joined SeaBird as Chief Commercial and Legal Officer in August 2018 and has 20 years’ experience from the shipping and offshore industries.  He has served in senior management positions in several offshore and shipping companies and has extensive strategic, commercial, and operational experience across segments, particularly seismic source and OBN.  He has an interdisciplinary approach to business development and focuses on building enduring relationships with customers through operational reliability and accountability. Mr Jansen holds a BA degree in economics and international studies and master degrees in jurisprudence and maritime law.

The Board of Directors and management are excited about the opportunities that present themselves to lean and cost-efficient operators in the oil services market.   To take advantage of these opportunities and become the leading global service provider within 2D and source, the Company shall create more leverage on its deep operational expertise and implement a more asset-light and flexible business model.  Mr Jansen´s hands-on experience related to planning and implementing organizational and operational changes critical to the provision of cost-efficient and high-quality services is well suited to achieve these goals. The Company will present its strategy for a revitalised Seabird together with the release of its 3rd qtr numbers on November 7th. 

Mr Klohs has served as a board member since 2015 and later as CEO. The Board takes the opportunity to express its thanks on behalf of the Company to Hans Petter for his services to the Company, and wish him the best of luck in his future endeavors. 

For further queries contact:

Ståle Rodahl

Chairman of the Board 

+47 48400593

Gunnar Jansen,

Interim CEO

+47 941 19191

SeaBird 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 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 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 Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.