On 12 April 2019, SeaBird Exploration Plc announced the successful placement of 208,333,300 new shares in the
Company at a subscription price of NOK 1.20 per share, raising gross proceeds of NOK 250m. The
Company will also conduct a subsequent offering of up to NOK 30m by offering up to 25,000,000 new shares
at the same subscription price. Net proceeds from the transaction will be used to finance the acquisition of
the BOA Galatea and BOA Thalassa, to acquire and install equipment on these vessels and to strengthen
the working capital to meet the requirements of a larger operating fleet and increased operation.
ABG Sundal Collier acted as Joint Lead Manager and Joint Bookrunner in the transaction.
About SeaBird Exploration Plc
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).

Contact

Magnus Drageset

Magnus Drageset

Investment Banking

magnus.drageset@abgsc.no +47 22 01 61 41
Lars Røthing Stubhaug

Lars Røthing Stubhaug

ECM Norway

Lars.Stubhaug@abgsc.no +47 22 01 61 07
Håvard H. Normann

Håvard H. Normann

Investment Banking

Havard.Normann@abgsc.no +47 22 01 61 96