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SBX Completes Vessel Conversion

Maritime Activity Reports, Inc.

September 7, 2007

SeaBird Exploration Limited said that the conversion of Munin Explorer to a 2D/Source vessel is complete and she has successfully completed her sea-trials in Egersund. It will immediately start as a source vessel in the North Sea for the remaining part of the summer season. It departed the shipyard yesterday. Delivery of the Harrier Explorer is pushed back a few weeks with delivery expected later this month.
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