Rio de Janeiro, Brazil/Hamilton, Bermuda, 29 March 2023. Reference is made to the stock exchange announcement by Seacrest Petroleo Bermuda Limited (“Seacrest Petroleo” or the “Company”) earlier today, on 29 March 2023, regarding the completion of a special general meeting in the Company.
Please note the following key information for the completion of the reverse share split which was approved by the special general meeting today:
– Date on which the corporate action was made public: 17 February 2023
– Reverse split ratio: two (2) existing shares are consolidated into one (1) share
– Last day including right: 30 March 2023
– Ex-date: 31 March 2023
– Record date: 3 April 2023
– Date of approval: 29 March 2023
In connection with the reverse share split, the Company’s shares will be transferred to a new ISIN. Please note the following key information for the change of ISIN:
Issuer: Seacrest Petroleo Bermuda Limited
Previous ISIN: BMG7947V1211
New ISIN: BMG7947V2045
Date of ISIN change: 31 March 2023
This information is published in accordance with the requirements of the continuing obligations.
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. 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.