Kitchen sinking as anticipated, but loaded with cash and plenty of opportunity

Final results for the year ending 31 December 2014 include the anticipated impairments in line with the wider oil services industry. As we suggested what might be the case in our commentary of 1st May 2015 there has been some “wholesale kitchen sinking”, however, we are also encouraged by some of the positive comments on the Group’s positioning in the marine seismic market.