Polarcus presents at the SEB Nordic Seminar 2015

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) is pleased to announce that Chief Executive Officer, Rolf Rønningen, and Chief Financial Officer, Tom Henrik Sundby, will present at the SEB Nordic Seminar 2015 in Copenhagen, Denmark. The Company presentation will be held on Thursday, 08 January 2015, at 16:30hrs CET (Central European Time). 


Further, Polarcus today announces the Company’s fourth quarter and full year 2014 vessel utilization as follows:


Utilization  Q4 – 2014   Q4 – 2013   FY – 2014    FY – 2013   
Contract Seismic 59% 70% 65% 72%  
Multi-Client 11% 4% 12% 10%  
Transit 18% 19% 15% 14%  
Yard 2% 3% 3% 3%  
Standby 10% 4% 5% 1%  


Polarcus will publish the Company’s fourth quarter and preliminary full year 2014 report on Tuesday, 10 February 2015.


A copy of the SEB Nordic Seminar 2015 presentation is attached and is also available for download from the Polarcus website under Investor Relations.  



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


About Polarcus


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




The information included herein may contain forward-looking statements. Forward-looking statements include all statements that are not historical facts, including but not limited to statements expressing or implying the Company’s intent, belief or current expectations with respect to, among other things, forecasts, estimates, and predictions. Such forward-looking statements necessarily involve risks and uncertainties and are dependent on assumptions, information, data or methods that may be incorrect or imprecise. Actual results could differ materially from expectations expressed in the forward-looking statements if one or more of the underlying assumptions or expectations proves to be inaccurate or is unrealized.  Some factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, developments in the oil and gas industry, the demand for seismic services, the demand for data from the Company’s multi-client library, currency risks, political risks, regulatory risks, and unexpected operational setbacks. For a further description of other relevant risk factors we refer to our 2013 Annual Report. The reservation is also made that inaccuracies or mistakes may occur in the information given above concerning the current status of the Company or its business. Any reliance on the information given above is at the risk of the reader, and Polarcus disclaims any and all liability in this respect.



This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)