Thalassa Holdings Limited Supply Contract in Ecuador (6016A)
22 Março 2013 - 4:00AM
UK Regulatory
TIDMTHAL
RNS Number : 6016A
Thalassa Holdings Limited
22 March 2013
22 March 2013
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa" or the "Company")
Supply Contract in Ecuador
Further to the Company's announcements on 18 January, 6 and 27
February 2013, the Board of Thalassa is pleased to announce that
its subsidiary, WGP Energy Services Ltd, has entered into a further
agreement with Sevmorgeo S.A., a subsidiary of Joint Stock Company
Sevmorgeo ("SMG" URL: www.sevmorgeo.com), the Russian geological
sea survey company.
This agreement is to supply node handling equipment and
associated services as part of seismic data acquisition surveys
being conducted by SMG in Ecuador. The contract will increase the
total revenue to the Company relating to these surveys to
approximately $6.7 million. 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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