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Rio de Janeiro, Brazil/Hamilton, Bermuda, 16 March 2023. Reference is made to the stock exchange announcement by Seacrest Petroleo Bermuda Limited (“Seacrest Petroleo” or the “Company”) on 23 February 2023 where the Company announced the beginning of the stabilisation period related to the initial public offering of shares in Seacrest Petroleo (the “Offering”).
The Company has received notification that ABG Sundal Collier ASA, acting as stabilisation manager in the Offering, has taken the stabilisation measures set out in the attached notifications with respect to the shares of the Company.
Further stabilisation measures may be undertaken until the end of the stabilisation period on 24 March 2023.
For further information, please contact:
Torgeir Dagsleth, Chief Financial Officer
Seacrest Petroleo Bermuda Limited
Tel. +47 958 91 970
E-mail: torgeir.dagsleth@seacrest.com
Crux Advisers AS is acting as communications and investor relations adviser.
Senior Advisor Jan Petter Stiff
Crux Advisers AS
Tel. +47 995 13 891
E-mail: jps@crux.no
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. Current production is 7,000 bbl/d which is expected to triple by 2025. 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.