Seabird Exploration Receives LOA for Contract Extension in Eastern Hemisphere

Source: www.gulfoilandgas.com 1/31/2023, Location: Europe

Reference is made to the stock exchange notice from Seabird Exploration Plc (the "Company") dated 25 July 2022 where the Company announced a significant 2D contract in the Eastern Hemisphere.

The Company is pleased to announce that it has received a letter of award for an extension to the 2D campaign in the Eastern Hemisphere. The extension adds approximately 20 percent to the original contracted volume while the contribution to expected profit margins is higher due to the impact on overall project efficiencies from the extension.

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