Final Results Pre-announcement

RNS Number : 1286S

Thalassa Holdings Limited

15 March 2016

 

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa")

Preliminary announcement of results for the year ended 31 December 2015

The Board is pleased to announce that Thalassa's results for the year ended 31 December 2015 are expected to be released on Tuesday 5 April 2016.

Contacts:

Thalassa Holdings Ltd:

   Duncan Soukup, Executive Chairman                                   [phone]

WH Ireland Limited (Nominated adviser):

   Chris Fielding, Head of Corporate Finance                                 020 7220 1650

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 operates three 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.

 

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