Business
Supply Contract in Ecuador
Supply Contract in Ecuador.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 6016A Thalassa Holdings Limited 22 March 2013 \n \n\n22 March 2013\n \nThalassa Holdings Ltd\n \n(Reuters: THAL.L, Bloomberg: THAL:LN)\n \n(\"Thalassa\" or the \"Company\")\n \nSupply Contract in Ecuador\nFurther 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. \nThis 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. \nContacts: \nThalassa Holdings Ltd: \nDuncan Soukup, Executive Chairman +33 (0)6 78 63 26 89\nWH Ireland Limited (Nominated adviser): \nChris Fielding, Head of Corporate Finance 020 7220 1650\nwww.thalassaholdingsltd.com\n \nNotes to Editor:\n \nThalassa 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.\n \nAlongside the technical expertise and consultancy in m...