SeaBird Exercises Hawk Explorer Purchase Option

SeaBird Exploration Plc (“SeaBird”) announces that it has notified the owner of Hawk Explorer that it will exercise its option under the current charter agreement to purchase the vessel and related equipment for USD 6.5 million.

The vessel and equipment will be delivered at the end of the lease term 31 August 2014 against settlement of the purchase price.

Hawk Explorer is capable of large arrays optimizing up to four gun strings. It is equipped for long offset 2D surveys.

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.

Press Release, September 02, 2013