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SeaBird - Registered share capital.

Europe Intelligence Wire

| April 01, 2009 | COPYRIGHT 2009 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Hugin)

31 March, 2009. British Virgin Islands/Cyprus : SeaBird Exploration Limited ('SeaBird' or 'SBX') today announced that the 30,900,000 new shares following the private placement of new shares as notified Oslo Stock Exchange on 3 March 2009 were registered in the Company Register in British Virgin Islands on 27 March 2009 and have now been issued. Pending approval of the listing prospectus, the new shares are not listed or tradable on Oslo Bors but are registered in VPS with a separate ISIN-number. The new shares will be allocated to the Company's ordinary ISIN and be listed and tradable after approval of the prospectus. The new total number of shares has been increased with 30,900,000 from 89,395,000 to 120,295,000.

For further queries contact:

Tim Isden CEO SeaBird Exploration Phone: + 971 504 539075

Kai Solberg-Hansen CFO SeaBird Exploration Phone: + 47 920 51 455

SeaBird Exploration Limited (BVI) `SeaBird` is a global provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, and associated products and services to the oil ...

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