New Deployment for PMSS (0189F)
15 Abril 2011 - 8:31AM
UK Regulatory
TIDMTHAL
RNS Number : 0189F
Thalassa Holdings Limited
15 April 2011
15 April 2011
Thalassa Holdings Ltd
("Thalassa" or the "Company")
New Deployment for PMSS(TM)
The Board is pleased to announce that WGP Exploration Ltd
("WGP") has committed to use components of Thalassa's Portable
Modular Source System (PMSS(TM) ) as part of a two month contract
between WGP and a US based multi-national oil service company. The
contract is to assist in carrying out a seismic survey in the North
Atlantic. The survey, including mobilisation, transit and
demobilisation, will take four months and is expected to commence
in the next few weeks.
Thalassa expects that a deal with WGP, once finalised, should
result in revenues which could more than compensate for the
discontinued investing activities, as announced in the Company's
final results on 11 April 2011.
Thalassa's Chairman, Mr Duncan Soukup commented:
"We are delighted that WGP have again committed to use
Thalassa's PMSS(TM) equipment. WGP have once again proven that
their experience in operating in hostile environments is a rare and
valuable commodity. This survey also highlights the versatility of
Thalassa's PMSS(TM) equipment"
"We expect this will have a materially positive impact on the
Company's 2011 results. Our thanks, as always, go to our operating
partner, WGP."
Contact:
Duncan Soukup, Chairman Tel: + 33 (0)6 78 63 26 89
Thalassa Holdings Ltd
Antony Legge Tel: + 44 (0)20 7776 6550
Daniel Stewart & Company plc
Notes to Editor:
Thalassa Holdings Ltd, incorporated and registered in the BVI in
2007 and listed on AIM in July 2008, is a holding company with a
focus on Marine Seismic operations.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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