THAL Thalassa Holdings Limited

TIDMTHAL

RNS Number : 1088P

Thalassa Holdings Limited

19 October 2012

19 October 2012

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa" or the "Company")

RESIGNATION OF DIRECTOR

The Board announces that John Duncan has decided to resign from the board of Thalassa to pursue other interests.

Duncan Soukup, Chairman of Thalassa, said: "John has played a significant role in the integration of the two businesses which is now complete. We are pleased that John has agreed to continue as a consultant to the Company for an initial period of three years, with an option to extend for a further two years, and that we will continue to have access to his knowledge and experience. I would also like to wish John every success with his recently established charity, Westland Countryside Stewards (www.westlandcs.co.uk), which was set up with the aim of securing and managing land of environmental value in North Cornwall and, wherever possible, to make such land available for the benefit of the local community."

For further information please contact:

   Duncan Soukup, Chairman                          Tel: + 33 (0)6 78 63 26 89 

Thalassa Holdings Ltd

   Antony Legge/James Felix                           Tel: + 44 (0)20 7776 6550 

Daniel Stewart & Company plc

www.thalassaholdingsltd.com

Additional information:

Save as set out below, there are no further details in relation to the above appointment which require disclosure under paragraph (g) of Schedule 2 to the AIM Rules.

The Directorships and past Directorships of John Robert Duncan are listed below:

 
 Current Directorships:            Directorships in the past 
                                    five years: 
--------------------------------  -------------------------- 
 WGP Exploration Limited 
--------------------------------  -------------------------- 
 Westland Countryside Stewards 
  Limited 
--------------------------------  -------------------------- 
 WGP Projects Limited 
 WGP Seismic Limited 
 OceanEar Limited 
 Westland Geoprojects (Holdings) 
  Limited 
 

Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with a focus on marine seismic operations. The corporate strategy for the Group is "Exploration and Beyond". "Exploration" is focused on activity in frontier and challenging locations, whilst "Beyond" focuses on production activity by looking to secure opportunities in the permanent reservoir monitoring market. Thus activity and focus will be dominated by projects in remote and challenging frontier locations, coupled with lower risk projects in mature producing regions.

Alongside the technical expertise and consultancy in marine seismic operations provided through its subsidiary, WGP, the Group owns and operates two portable modular source systems (PMSS(TM)). The PMSS(TM) generates a seismic source for use in seismic acquisition for use in petroleum exploration and production. The equipment is temporarily installed on the back of a platform supply vessel for the purposes of acquiring data.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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