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Thalassa profit

By BFN News | 09:00 AM | Tuesday 16 September, 2014

Thalassa's (THAL) H1 pretax profit eased to $0.9m, from $1.4m a year ago. Revenue eased. Its pipeline of order-enquiry and tenders submitted rose to $175m, an increase of 23% from Dec. 31, 2013. Several of these tenders expected to impact H2. Outlook: �€¢ Since the end of the 1H 2014, the Group has completed 2 additional seismic surveys for Statoil as part of R&D trials to test third party sensors �€¢ In September 2014 the D-PMSSTM was deployed over Grane. The first survey is scheduled to run for three weeks, subject to weather, following which the D-PMSSTM will be deployed for a further 4 weeks over the Snorre field, subject to weather �€¢ Anticipated extension to Multi-Client survey in the Barents Sea by a further 200-300km2 �€¢ Completion of the SAE project in the North Prudhoe Bay, Alaska �€¢ Contracted deployment in 2H 2014 on behalf of Russia's SMG is considered to be increasingly unlikely At 9:00am: (LON:THAL) Thalassa Holdings Ltd share price was -48p at 132.5p Story provided by

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