New Turnkey Contract in the Arctic (7038A)
03 Abril 2012 - 6:20AM
UK Regulatory
TIDMTHAL
RNS Number : 7038A
Thalassa Holdings Limited
03 April 2012
3 April 2012
Thalassa Holdings Ltd
("Thalassa" or the "Group")
New Turnkey Contract in the Arctic
The Board of Thalassa is pleased to announce that its
subsidiary, WGP Energy Services Ltd ("WESL"), has entered into a
turnkey contract, with a value of approximately $6.3m, to supply
and operate Thalassa's Portable Modular Source System (PMSS(TM) )
as part of a contract between WESL and State Sevmorgeo Company
("SMG") in Russia. The contract is to provide seismic data
acquisition surveys in the Arctic. The surveys, including
mobilisation, transit and demobilisation are expected to commence
on 1 June 2012 and to last for some five months.
Thalassa's Chairman, Mr Duncan Soukup commented:
"We are delighted that State Sevmorgeo Company has committed to
use Thalassa's PMSS(TM) equipment and that WESL has additionally
been tasked with providing the turnkey service. WESL and WGP
Exploration Ltd have yet again proven that their experience in
operating in hostile environments is a rare and valuable commodity
and hugely valued. This survey again highlights the versatility of
Thalassa's PMSS(TM) equipment.
Thalassa now has signed contracts for work in 2012 with an
aggregate value of $8.9m, ahead of management's expectations with a
number of significant contract tenders still outstanding."
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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