WGP Exploration Press Release
10 Agosto 2011 - 12:49PM
RNS Non-Regulatory
TIDMTHAL
Thalassa Holdings Limited
10 August 2011
10 August 2011
Thalassa Holdings Ltd
("Thalassa" or the "Company")
WGP Exploration Press Release
Further to the Company's regulated announcement of 15(th) April,
the Company's partner WGP Exploration Limited, released an press
release regarding their on-going Arctic exploration programme with
ION Geophysical Corporation (NYSE:IO) using components of
Thalassa's Portable Modular Source System, PMSS(TM). That press
release is reproduced in full below.
Contact:
Duncan Soukup, Chairman Tel: + 33 (0) 6 78 63 26 89
Thalassa Holdings Ltd
Antony Legge/Oliver Rigby Tel: + 44 (0) 20 7776 6550
Daniel Stewart & Company plc
ION - GeoExpro
Independent British geophysical contractor, WGP Exploration
Limited, is currently assisting ION's GeoVentures group with their
on-going Arctic exploration programme. WGP provided the source
array, recording office and source workshop components of the
Thalassa owned Portable Modular Source System PMSS(TM) in addition
to the technical crewing required for the 2011 seismic
programme.
The vessel utilised for the operation was selected due to its
ice-class and research capability. As a non-seismic vessel it was
recognised at an early stage that a custom umbilical winch design
would be required, a solution was quickly designed by WGP
engineering and subsequently installed under the supervision of the
field crew. The PMSS's BOLT Technology Annular Port Gun (APG) is
ideally suited to the deployment methodology whereby conventional
tow plates, spreader bars and external air and electrical lines are
negated. The PMSS's self-sufficient recording office and gun
workshop were quick and easy to install providing instantaneous
instrument and workshop facilities.
"The PMSS(TM) systems were initially designed and constructed to
target the Permanent Reservoir Monitoring market, it's unfortunate
that this sector has been slow to develop however once again with
WGP's innovative approach and the equipment flexibility we are
delighted to provide a custom source solution to ION".
James Pryor, WGP Sales & Business Development Executive.
Notes to Editor:
Thalassa
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.
ION
ION Geophysical Corporation (ION) is a technology-focused
seismic solutions company, which provides acquisition equipment,
software and planning and seismic processing services to the global
energy industry. The Company's products, technologies, and services
are used by oil and gas exploration and production (E&P)
companies and seismic acquisition contractors to generate images of
the subsurface during exploration, exploitation, and production
operations. It operates in four segments: Systems, Software,
Solutions and INOVA Geophysical. The Company's products and
services include land seismic data acquisition equipment
(principally through its 49% ownership in INOVA Geophysical);
marine seismic data acquisition equipment; navigation, command and
control, and data management software products; planning services
for survey design and optimization; seismic data processing and
reservoir imaging services, and seismic data libraries.
WGP
WGP is an independent British marine geophysical services
organisation delivering a wide range of technologies and services
throughout the global oil and gas industry.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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