Reference is made to the notice published by Polarcus Limited on 06 March 2012 regarding the receipt of a Letter of Award for a 3D seismic acquisition project offshore Australia.
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received confirmation of an extension to the previously announced Letter of Award from Woodside. The project extension is expected to add a further approximate 3 months, bringing the total contract duration to 10 months.
Rolf Ronningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
Polarcus (OAX: PLCS) is a pure play marine geophysical company with a pioneering environmental agenda, specializing in high-end towed streamer data acquisition from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating an innovative design and advanced maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects worldwide and employs over 500 professionals. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)