Thalassa Holdings Limited New Contract in Ecuador (8169V)
18 Janeiro 2013 - 5:00AM
UK Regulatory
TIDMTHAL
RNS Number : 8169V
Thalassa Holdings Limited
18 January 2013
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa" or the "Company")
New Contract in Ecuador
The Board of Thalassa is pleased to announce that its
subsidiary, WGP Energy Services Ltd ("WESL"), has entered into a
contract with SMG Ecuador, the Ecuador business of State Sevmorgeo
Company, the Russian geological sea survey company, with an initial
value of US$4.175 million. The contract involves the provision and
operation of Thalassa's Portable Modular Source System ("PMSS(TM)
") as part of seismic data acquisition surveys being conducted in
Ecuador by SMG Ecuador. The surveys are scheduled to commence on 14
February 2013 and last until 15 June 2013. Work on pre-mobilisation
is already underway.
Thalassa's Chairman, Duncan Soukup, commented: "We are again
delighted to be working with the SMG Group, following the
successful surveys in the Arctic in 2011 and 2012, on this occasion
outside of Europe during a period when we had not budgeted any
work."
Contacts:
Thalassa Holdings Ltd:
Duncan Soukup, Executive Chairman +33 (0)6 78 63 26 89
WH Ireland Limited (Nominated adviser):
Chris Fielding, Head of Corporate Finance 020 7220 1650
www.thalassaholdingsltd.com
Notes to Editor:
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 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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