Polarcus receives Letter of Intent for 4D seismic acquisition

by polarcus on 23-May-11 06:00
Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Intent for a 4D marine seismic acquisition project for an undisclosed client. The project, subject to the execution of a service contract, will commence in Q4 2011 and is expected to run for approximately 60 days. 

Contacts
 
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

About Polarcus
 
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 400 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)