Seacrest Petroleo Bermuda Limited – Presentation to investors in Brazil

Rio de Janeiro, Brazil/Hamilton, Bermuda, 17 August 2023: Scott Aitken,
President of the Executive Committee of Seacrest Petroleo Bermuda Limited (OSE
ticker code “SEAPT”), and Michael Stewart, CEO, will make a presentation to
investors in Brazil today and tomorrow.

A copy of the presentation is attached.

For further information, please contact:
Torgeir Dagsleth, Chief Financial Officer
Seacrest Petroleo Bermuda Limited
Tel. +47 958 91 970

About Seacrest Petroleo:

Seacrest Petroleo is an independent oil and gas production company with an
integrated portfolio of onshore producing oil fields and export infrastructure
onshore in Espírito Santo, Brazil. The fields have estimated oil and gas in
place volumes of 1.2 billion barrels of oil equivalents and certified 2P
reserves of 140 million barrels of oil equivalents. The Company has exclusive
control over its infrastructure, continuously from field production to offshore
tanker loading terminal, allowing for cost-effective operations, and enabling
direct access to markets for its premium grade products. The Company has offices
in Bermuda, Norway and Brazil.


Important information

Matters discussed in this press release and the accompanying presentation may
constitute forward-looking statements. Forward-looking statements are statements
that are not historical facts and may be identified by words such as
“anticipate”, “believes”, “continue”, “estimate”, “expect”, “intends”, “may”,
“should”, “will” and similar expressions. The forward-looking statements in this
release and the accompanying presentation are based upon various assumptions,
many of which are based, in turn, upon further assumptions. Although the Company
believes that these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or impossible to
predict and are beyond its control. Such risks, uncertainties, contingencies and
other important factors could cause actual events to differ materially from the
expectations expressed or implied in this release and the accompanying
presentation by such forward-looking statements. The information, opinions and
forward-looking statements contained in this release and the accompanying
presentation speak only as at the date of this release and are subject to change
without notice.

View disclosure and attachments on Newsweb