Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces that the Company has received Letters of Intent from four undisclosed clients for separate 3D seismic acquisition projects offshore New Zealand, East Africa, and West Africa.
The current contract backlog inclusive of the bareboat charter of Vyacheslav Tikhonov to SCF amounts to USD 190 million and the booked capacity for Q4 2013 is 90%, for Q1 2014 55% and for Q2 2014 20%.
Rolf Rønningen, CEO Polarcus, +971 4 436 0800 / +971 50 459 6982
Tom Henrik Sundby, CFO Polarcus, +971 4 436 0800 / +971 50 708 6480
Polarcus (OSE: 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)