SeaBird Contracts Vessels to Veritas

SeaBird Exploration announced Friday that it has contracted two Source Vessels to Veritas DGC.

Kondor Explorer is fixed for 12 months, commencing May 2006 with a 6-month option. Osprey Explorer, a source vessel under conversion, is fixed for 6 months from August 2006 with a 6-month option.

The contract value is estimated to be in the range of US$19.7 million for the firm periods. The vessels are intended as source vessels for a wide azimuth seismic survey in the US Gulf of Mexico, which will begin in the second half of this year.

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