Dawson Geophysical Company · NASDAQ:DWSN
Dawson Geophysical — Merger or Acquisition (March 2011)
10 slides from Dawson Geophysical's merger presentation, Mar 21, 2011
Slide 1: Seismic Leadership: Dawson Geophysical and TGC Industries Enter Into Definitive Merger Agreement
SEISMIC LEADERSHIP DAWSON GEOPHYSICAL AND TGC INDUSTRIES ENTER INTO DEFINITIVE MERGER AGREEMENT - MARCH 21, 2011 - NASDAQ: DWSN NASDAQ: TGE
Slide 2: Important Information For Investors And Shareholders
Important Information For Investors And Shareholders This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. The transactions contemplated by the merger agreement, including the proposed merger and the pr
Slide 3: Transaction terms
Retain Dawson name and Dawson trading symbol Continue TGC's subsidiaries Tidelands and Eagle Canada as operating entities under Dawson Stock for Stock transaction Approximate transaction value of $157 million as of the close of trading on March 18, 2011 0.188 share of DWSN stock for each TGC share C
Slide 4: Industry respected management team and equipment base
Industry respected management team Experienced personnel Efficient operator in United States & Canada Established client base Highly compatible equipment base 13 Data acquisition crews: 7 U.S. / 6 Canada 69 Energy source units ARAM ARIES and OYO GSR recording systems 70,000+ recording channels Signi
Slide 5: Cultural and operational similarities; client benefits
Strong Cultural and Operational Similarities Expanded Geographic Diversification Expansion into Canadian Market Client Benefits Higher resolution images with expanded channel count Increased access to seismic services in a timely manner with increased crew count Ability to service seismic projects a
Slide 6: Combined order book strength and increased capacity
Combined Order Book Strength Increased Capacity Channel count in excess of 200,000 Vibrator energy source units in excess of 200 Addition of dynamite energy source capability Expanded support functions with survey and maintenance 4,000 OYO GSR four-channel units with 3C geophones 18,500 single chann
Slide 7: Full-service data acquisition and processing provider
NASDAQ: DWSN NASDAQ: TGE 8 Full-service provider of data acquisition and data processing services Increased geographic diversity of projects Continued strong balance sheet to provide increased operational strength, flexibility, and continued ability to invest in new equipment Expertise in both oil a
Slide 8: Combination expands growth opportunities
Combination expands growth opportunities Combined order book capable of sustaining 21 crews in the U.S. well into calendar 2011 Increased scalability to meet client needs Capacity to deploy idle Canadian equipment to U.S. operations during the Canadian thaw Potential cost savings and revenue generat
Slide 9: Stronger Together
Stronger Together Experienced management with highly skilled employees Established and diversified client base Broader geographic diversification Increased capacity in an expanding market Operating in every major basin in the U.S. and Canada Strong balance sheet NASDAQ: DWSN NASDAQ: TGE 10
Slide 10: 11 NASDAQ: DWSN NASDAQ: TGE
11 NASDAQ: DWSN NASDAQ: TGE
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