Key Developments For TGC Industries, Inc.
TGC Industries, Inc. (TGE.O) (Nasdaq)
TGC Industries, Inc. Announces Acquisition Of Eagle Canada, Inc.
TGC Industries, Inc. announced that it has acquired Eagle Canada, Inc. (Eagle Canada), a provider of seismic data and surveying services to the Canadian energy industry based in Calgary, Alberta Canada. TGC Industries purchased all of the outstanding stock of Eagle Canada for a total purchase price of $10.3 million, which was paid from existing cash. The transaction closed on October 16, 2009. Eagle Canada was a wholly owned subsidiary of Eagle Geophysical, Inc. and Eagle Geophysical Onshore, Inc.
TGC Industries, Inc. Declares 5% Stock Dividend
TGC Industries, Inc. announced that it has declared a 5% stock dividend on its outstanding common stock. Shareholders of record as of April 28, 2009 will receive the stock dividend for each share owned on that date, payable on May 12, 2009.
TGC Industries, Inc. Acquires New ARAM ARIES System; Announces Plans To Deploy Ninth Seismic Field Acquisition Crew
TGC Industries, Inc. announced that it has purchased and taken delivery of its eighth new ARAM ARIES seismic recording system. Terms of the transaction were not disclosed. Furthermore, the Company announced plans to deploy its ninth seismic field acquisition crew during the current quarter. The new ARAM ARIES system is expected to be placed into service with the new field crew.
TGC Industries, Inc. Announces Agreement To Purchase Five New Vibrator Vehicles
TGC Industries, Inc. announced that it has entered into a purchase agreement to acquire five new high frequency vibrator vehicles for delivery during the third quarter of 2008. Terms of the deal were not disclosed.
TGC Industries, Inc. Announces Plans To Purchase Additional Seismic Recording Channels
TGC Industries, Inc. announced that it will purchase an additional 4,000 channels of ARAM ARIES seismic recording equipment to be delivered by August 1, 2008. Financial terms were not disclosed.
