Thalassa Holdings Limited Supplemental Contracts in Ecuador (7373Y)
27 Fevereiro 2013 - 4:01AM
UK Regulatory
TIDMTHAL
RNS Number : 7373Y
Thalassa Holdings Limited
27 February 2013
27 February 2013
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa" or the "Company")
Supplemental Contracts in Ecuador
Further to the Company's announcements on 18 January and 6
February 2013, the Board of Thalassa is pleased to announce that
its subsidiary, WGP Energy Services Ltd, has entered into
supplemental contracts with Joint Stock Company Sevmorgeo ("SMG"
URL: www.sevmorgeo.com), the Russian geological sea survey
company.
The supplemental contracts are to supply additional services and
a vessel as part of seismic data acquisition surveys being
conducted by SMG in Ecuador. The supplemental contracts will
increase the revenue to the Company by in excess of US$500,000 to
at least $5.6 million in aggregate. The work has commenced and
these surveys in Ecuador are scheduled to last until 15 June
2013.
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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