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Spectrum ASA (SPU.OL)

SPU.OL on Oslo Stock Exchange

35.70NOK
21 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Spectrum Q2 EBIT loss down at $ 619,000
Friday, 11 Aug 2017 01:15am EDT 

Aug 11 (Reuters) - SPECTRUM ASA ::Q2 EBIT LOSS $ 619,000 VERSUS LOSS $9.9 MILLION YEAR AGO.Q2 NET OPERATING REVENUE $‍30.4​ MILLION VERSUS $13.6 MILLION YEAR AGO.  Full Article

Spectrum expects Q2 net revenues of about $30 million
Wednesday, 5 Jul 2017 02:00am EDT 

July 5 (Reuters) - SPECTRUM ASA :BASED ON PRELIMINARY FIGURES FOR Q2 2017, MANAGEMENT EXPECTS TO REPORT NET REVENUES OF APPROXIMATELY USD 30 MILLION FOR QUARTER (USD 14 MILLION IN Q2 2016).EXPECTS TO REPORT A SECURED NET INTEREST BEARING DEBT OF APPROXIMATELY USD 25 MILLION AS OF 30(TH) JUNE 2017.  Full Article

Spectrum commence 2D multi-client seismic campaign offshore Argentina
Thursday, 20 Apr 2017 02:24am EDT 

April 20 (Reuters) - SPECTRUM ASA :REG-SPECTRUM ASA: SPECTRUM COMMENCE 2D MULTI-CLIENT SEISMIC CAMPAIGN OFFSHORE ARGENTINA.SURVEY IS DESIGNED IN CLOSE COOPERATION WITH YPF S.A..SAYS SURVEY WILL PROVIDE INDUSTRY WITH FIRST EVER DETAILED SEISMIC GRID OVER UNDER-EXPLORED FRONTIER AREA OF ARGENTINA.  Full Article

Spectrum sees Q1 net revenues of about $25 million
Tuesday, 4 Apr 2017 03:28am EDT 

SPECTRUM ASA : BASED ON PRELIMINARY FIGURES FOR Q1 2017, MANAGEMENT EXPECTS TO REPORT NET REVENUES OF APPROXIMATELY USD 25 MILLION FOR QUARTER (USD 18 MILLION IN Q1 2016) .EXPECTS TO REPORT A CASH BALANCE OF USD 17 MILLION AND SECURED NET INTEREST BEARING DEBT OF APPROXIMATELY USD 18 MILLION AS OF 31(TH) MARCH 2017.  Full Article

Multiclient Geophysical: Geoex amends voluntary offer terms
Thursday, 2 Feb 2017 04:12am EST 

Multiclient Geophysical ASA : Amended offer terms and update on the voluntary offer to acquire all outstanding shares in MultiClient Geophysical (MCG) by Geoex Ltd . Competing offer has offer price of 1.25 Norwegian crown per MCG share . Offer price in initial offer made by Geoex was 1.20 crown per share . Geoex has decided to increase consideration in initial offer to 1.40 crown per share . Accepting shareholders will receive full settlement of 1.40 crown per share upon completion of offer . Increased offer valuates total share capital of MCG at about 130.0 million crowns ($15.9 million) .Amended offer price represents premium to offer price offered by Spectrum ASA in competing offer of about 13 percent.  Full Article

Spectrum to acquire MultiClient Geophysical ASA
Tuesday, 24 Jan 2017 11:00am EST 

Spectrum ASA : Announced a voluntary offer to acquire all issued and outstanding shares in MultiClient Geophysical ASA at a consideration of 1.25 crown per share . The Offer values total share capital of MCG at 116 million Norwegian crowns ($14 million) .Says Offeror will seek to have MCG shares delisted from Oslo Stock Exchange..  Full Article

Spectrum expects Q4 net revenue of about $31 million
Monday, 9 Jan 2017 03:06am EST 

Spectrum ASA :Expects to report Q4 net revenues of about $31 million ($42 million in Q4 2015).  Full Article

Spectrum to recognize $8.7 mln in tax credits in Brazil as "other revenue" in Q3
Monday, 3 Oct 2016 01:15am EDT 

Spectrum ASA : Will recognize about $8.7 mln in tax credits in Brazil as "other revenue" in Q3 2016 .Credits will be used to partially offset Spectrum's tax payments in Brazil going forward.  Full Article

Spectrum starts multi client 3D seismic survey offshore Norway
Thursday, 22 Sep 2016 02:43am EDT 

Spectrum ASA : Commences 1,800 square kilometer multi client 3D seismic survey offshore Norway in Western Barents Sea . Survey is acquired in partnership with BGP .Final PreSTM Broadband dataset and offset volumes will be available during Q2 2017, ahead of 24th Norwegian licensing round in 2017.  Full Article

Spectrum Q2 EBIT swings to loss $9.9 mln
Friday, 12 Aug 2016 01:15am EDT 

Spectrum ASA : Q2 net operating revenue $13.6 million versus $34.7 million year ago . Q2 EBIT loss $9.9 million versus profit $8.7 million year ago .Believes that there is attractive project and sales pipeline in place for next 12 months.  Full Article