Hamilton, Bermuda, 11 August 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 notice entitled "Information to
bondholders - Provisional liquidation and application of funds" 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).
On 8 August 2025, by Order of the Court, the hearing date for the petition
dated 20 February 2025 for the winding up of the Company was adjourned to 7
November 2025.
For further information, please contact:
Seacrest Petroleo Bermuda Limited (in Provisional Liquidation)
c/o EY Bermuda Ltd.
3 Bermudiana Road
Hamilton HM08
SPBL.JPLs@bm.ey.com
The JPLs act as agents of the Company and without personal liability.
Important information
Matters discussed in this press release 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 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 by such forward-looking statements. The
information, opinions and forward-looking statements contained in this release
speak only as at the date of this release and are subject to change without
notice.
This information has been submitted pursuant to the Securities Trading Act ยง
5-12 and MAR Article 17. The information was submitted for publication at
2025-08-11 16:00 CEST.