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Multi Client Data Sales Update

10 Oct 2016 07:01

RNS Number : 0775M
Thalassa Holdings Limited
10 October 2016
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10 October 2016

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Thalassa Holdings Ltd

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

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("Thalassa" or the "Company")

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Multi Client Data Sales Update

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The Board of Thalassa is pleased to announce that WGP Survey Ltd, a wholly owned subsidiary of WGP Group Ltd ("WGP"), has made further sales of the multi client data acquired with TGS-NOPEC Geophysical Company ASA in 2014. These sales will generate approximately USD$2 million in additional gross revenue prior to allocation amongst the multi client partners.

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Duncan Soukup, Chairman of Thalassa, said: "These data sales are extremely welcomed and we expect to be able to issue a trading update in the coming weeks, which will also reflect the completion of the current acquisition programmes in the North Sea."

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Investor Enquiries:

Thalassa Holdings Ltd

Duncan Soukup, Chairman +33 (0)6 78 63 26 89

WH Ireland Limited (Nominated Adviser and Broker)

Chris Fielding, Head of Corporate Finance +44 (0)207 220 1650

Press Enquiries:

Square1 Consulting (Public Relations)

David Bick +44 (0)207 929 5599

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www.thalassaholdingsltd.com

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Note to Editors:

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Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with subsidiaries in the Energy Services and Defence and Homeland Security Industries, with a current focus on marine seismic operations.

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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