Thalassa Holdings Limited New seismic services contract (8561K)
21 Abril 2015 - 8:18AM
UK Regulatory
TIDMTHAL
RNS Number : 8561K
Thalassa Holdings Limited
21 April 2015
21 April 2015
Thalassa Holdings Ltd
(Reuters: THAL.L, Bloomberg: THAL:LN)
("Thalassa" or "the Company")
New seismic services contract
The Board is pleased to announce that the Company's subsidiary,
WGP Group Ltd ("WGP"), entered into a contract to provide seismic
services to TGS-NOPEC Geophysical Company ASA ("TGS"), a provider
of multi-client geoscience data products to the Oil and Gas
Industry listed on the Oslo Stock Exchange (TGS.OL).
WGP will be acquiring High Resolution 3D (HR3D) data sets in the
South East Barents Sea region utilising a 3D P-Cable(TM) system for
the project, which is expected to mobilise this month and last up
to a maximum of five months. The contract is for an initial three
month fixed term.
Thalassa's Chairman, Duncan Soukup commented:
"We are delighted to be working with TGS again, following last
year's successful Multi-Client project, and are confident that this
contract will make a meaningful contribution to Thalassa's top and
bottom line growth and should, with our other contracted orders,
result in positive underlying profit for the year 2015".
WGP's CEO, Mark Burnett commented:
"It is especially satisfying to receive this follow-on data
acquisition contract from TGS. The Company's commitment to the high
value added P-Cable system is now bearing fruit and gives us the
opportunity for growth in a particularly challenging industry
environment."
Investor Enquiries:
Thalassa Holdings Ltd
Duncan Soukup, Chairman +33 (0)6 78 63 26 89
WH Ireland Limited (Nominated Adviser and Broker)
Chris Fielding, Head of Corporate Finance +44 (0)207 220 1650
Press Enquiries:
Square1 Consulting (Public Relations)
David Bick/Mark Longson +44 (0)207 929 5599
www.thalassaholdingsltd.com
Notes to Editor:
Thalassa Holdings Ltd, incorporated and registered in the BVI
and quoted on AIM, is a holding company with subsidiaries in the
Energy Services and Defence and Homeland Security Industries, 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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