Polarcus vessel utilization for Q1 2015

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s First Quarter 2015 vessel utilization as follows:

  

   Q1 – 2015  Q1 – 2014  Q4 – 2014
Utilization 83% 80% 70%
By category:
Contract Seismic 47% 70% 59%
Multi-Client 36% 10% 11%
Transit 9% 14% 18%
Yard 0% 5% 2%
Standby 8% 1% 10%

   

The Company will be releasing its First Quarter 2015 Report on 30 April 2015 at approximately 07:00hrs CET (09:00hrs UAE).

A webcast and conference call will be hosted by Polarcus commencing at 08:00hrs CET (10:00hrs UAE). Conference call dial-in information will be published on 16 April 2015.

   

Contacts

 

Rod Starr, CEO Polarcus
+971 4 436 0800
rod.starr@polarcus.com

 

Tom Henrik Sundby, CFO Polarcus
+971 50 708 6480
tom.sundby@polarcus.com

 

About Polarcus

 

Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance 3D seismic vessels incorporating leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions and employs over 600 professionals worldwide. 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)