GeoPartners, in partnership with MAGE, Seabird and DownUnder GeoSolutions, are pleased to announce the acquisition of a new Regional MC2D seismic survey entitled: North Celtic Sea 2015. This Ireland/UK cross-border project is located mostly in the Irish North Celtic Sea and St Georges Channel.

Acquisition commenced in early July using the MAGE vessel Nikolay Trubyatchinsky (formerly Polar Explorer), and a total survey size of up to 6000 km of long offset broadband data is planned.

This project aims to provide the high quality, extensive, regional data-set which is so lacking in this geophysically challenging area. With these challenges in mind the acquisition and processing parameters have been carefully chosen. Dip lines have been planned to complement vintage data and a strike-line orientation has been designed to minimise side-swipe from faults.

This area of the Celtic Sea and UK Western Approaches is underexplored at pre-Cretaceous levels and shows promise, especially within the Jurassic and Triassic sequences, which few wells have penetrated. There is a proven Liassic source rock and potential reservoirs include the Triassic Sherwood sandstone and Jurassic limestone and sandstone. Locally the Carboniferous could provide a gas source from coal measures and a potential oil source from the Bowland shale, as in the Morecambe Bay Hamilton field.

The survey provides well ties to most of the wells in the survey area, including key wells:

- UK 106/24-1 which had live oil shows in Middle Jurassic Bathonian limestones and sandstones.

- IRL 49/9-2 Helvick oil discovery which flowed light oil (44° API) at a cumulative rate of c. 10,000bopd from Middle Jurassic Bathonian limestones and Upper Jurassic sandstones.

- UK 103/1-1 Dragon gas condensate discovery which flowed at a rate of 21 mmscfd from Upper Jurassic sandstones.

Broadband processing and imaging will be carried out by DownUnder GeoSolutions utilising their deghosting solution, DUG Broad.

The survey is supported by industry funding and processing will be completed in January 2016.

The attached map illustrates the ongoing project that is now available for licensing at Early Participant terms.

About Seabird

SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Health, Safety, Security, Environment and Quality (HSSEQ), combined with efficient collection of high quality seismic data. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.