Thalassa (AIM:THAL) – successful completion of seismic survey, valuation still looks modest
The seismic group has announced that its wholly owned subsidiary WGP Group Ltd has completed the fifteenth Life of Field Seismic ("LoFS") survey over the Valhall field in the North Sea for BP.
Come and meet the management on 26th July
This is the fourth LoFS at Valhall to be carried out using the Group’s Portable Modular Source System (“PMSS™”) which was mobilised on a field platform supply vessel converted into a seismic source vessel for the duration of the project. The full data set of 2,552km of data was acquired in 6 weeks, including time for mobilisation and demobilisation, during what was a particularly busy period of field activity in and adjacent to the Valhall producing area. The Group can now look forward to the sixteenth LoFS in 2013. The valuation of this exciting and well managed seismic company still…