Hamilton, Bermuda, 13 March 2025: Seacrest Petroleo Bermuda Limited (in Provisional Liquidation) ("Seacrest Petroleo" or the "Company") refers to its announcement on 7 March 2025 regarding the appointment of Mike Penrose and Igal Wizman as Joint Provisional Liquidators (“JPLs”) over the Company.
The JPLs make reference to the attached Summons for a Written Resolution issued by the bond trustee, Nordic Trustee AS, to the bondholders (the “Bondholders”) of the Seacrest Petroleo Bermuda Limited 16.00% senior unsecured USD 120,000,000 bonds 2024/2027 (ISIN: NO0013134759) pursuant to a request from Bondholders representing more than 10% of the Voting Bonds.