SeaBird Names Kai Solberg-Hansen New CFO

Geir Olsen has decided to resign as Chief Financial Officer from SeaBird Exploration Limited, and Kai Solberg-Hansen has been appointed as the new CFO. He has extensive experience from the oil service industry as both CFO and CEO of private and publicly traded companies. His most recent positions have been President and CEO of Thule Drilling ASA, President and CEO of Ocean Rig ASA, CFO and subsequently President and CEO of Northern Offshore Ltd. and CFO Kværner Maritime AS.

Olsen will continue in SeaBird for a period of time to ensure a smooth transition.

Tim Isden, CEO, stated "We welcome Kai into the SeaBird Group, and look forward to working together with him. In addition, we would like to express our most sincere thanks to Geir, who has been with us throughout our expansion period and his dedication and contribution is unquestionable. We wish him every success in the future"