SeaBird Fixes 2D Vessel

SeaBird Exploration has fixed the 2D seismic ship R/V Hawk Explorer for 29 months, plus a 12-month extension option.

The charter will commence upon delivery of the vessel from the shipyard where she is currently under conversion. Delivery is scheduled for early May 2006. The value is estimated to be in the range of US$33 million for the firm period.