Polarcus vessel utilization for Q3 2013

Mon Oct 7, 2013 1:02am EDT

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Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) announces the Company's Third Quarter 2013 vessel utilization as follows:


  Q3 - 2013 Q3 - 2012 Full year 2012
 Contract Seismic  73%   86%   76% 
 Multi-Client  10%   6%   9% 
 Transit  11%   7%   13% 
 Yard  6%   1%   2% 
 Standby  0%   0%   0% 


The Company will be releasing its Third Quarter 2013 Report on Thursday, 31 October 2013 at approximately 07:00hrs CET (10:00hrs UAE).


A webcast and conference call will be hosted by Rolf Rønningen, CEO, and Tom Henrik Sundby, CFO, commencing at 08:00hrs CET (11:00hrs UAE). Conference call dial-in information will be published on 21 October 2013.




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



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Source: Polarcus Limited via Thomson Reuters ONE