Polarcus completes divestiture of Capreolus multi-client project

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) refers to the stock exchange release dated 29 June 2018 announcing the execution of a sale and purchase agreement with a subsidiary of TGS-NOPEC Geophysical Company ASA for the sale of its 22,130 sq. km. Capreolus 3D survey offshore...

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) refers to the stock exchange release dated 29 June 2018 announcing the execution of a sale and purchase agreement with a subsidiary of TGS-NOPEC Geophysical Company ASA for the sale of its 22,130 sq. km. Capreolus 3D survey offshore Australia subject to certain closing conditions.

The referenced closing conditions were satisfied on 7 August 2018 and the sale has been completed.

 

Contacts

Duncan Eley, CEO
+971 4 436 0915
[email protected]

Hans-Peter Burlid, CFO
+971 50 559 8175
[email protected]

 

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 approximately 350 professionals worldwide. The Company's principal office is in Dubai, United Arab Emirates. For more information, visit www.polarcus.com

 

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