Business
Trading Update for WGP Group Ltd
Trading Update for WGP Group Ltd.
About this update from Thalassa Holdings Ltd
[{"type":"text","content":"\n \nRNS Number : 3292Z Thalassa Holdings Limited 14 March 2017 \n\n \nThalassa Holdings Ltd\n \n(Reuters: THAL.L, Bloomberg: THAL:LN)\n \n(\"Thalassa\", \"the Company\" or \"the Group\")\n \nTrading Update for WGP Group Ltd (\"WGP\")\n \n \nThe Board of Thalassa is pleased to announce that advanced preparation of mobilisation for WGP's 2017 Spring North Sea projects is now well underway with operations anticipated to commence during April, as scheduled. \n \nFurther to last December's revenue outlook for 2017, the Board anticipates that WGP revenue from seismic operations will be between $15 and $16 million, up between 30% and 40% as compared to corresponding estimated revenue of $11.6 million for 2016. These estimates are provided assuming no cancellations or significant adverse weather conditions. \n \nThe Board confirms that the full year results to 31 December 2016 will be released during week commencing 10 April 2017.\n\n\nInvestor Enquiries: \nThalassa Holdings Ltd \n Duncan Soukup, Chairman +33 (0)6 78 63 26 89\nWH Ireland Limited (Nominated Adviser and Broker) \n Chris Fielding, Head of Corporate Finance +44 (0)207 220 1650 \nPress Enquiries:\nSquare1 Consulting (Public Relations) \nDavid Bick +44 (0)207 929 5599\n \nwww.thalassaholdingsltd.com\n \nNote to Editors:\n \nThalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding co...