DMNG

Polarcus Limited is pleased to announce that JSC Dalmorneftegeophysica (“DMNG”), which has a joint cooperation agreement with Polarcus, has entered into a contract for 3D marine seismic acquisition services for a major energy company offshore Sakhalin. The program, requiring two Polarcus A-Class vessels, will commence in Q2 2015 and is …

Polarcus, in collaboration with Russia’s Dalmorneftegeophysica (“DMNG”), has mobilized for the 3,000 sq. km high-density broadband Fedynsky 3D survey in the Russian Barents Sea. Polarcus Nadia departed Kirkenes, Norway, on 07 June for the project area. This project forms part of the Company’s existing backlog that has been previously announced …

Mark Thomas The fact that the Arctic offshore contains huge estimated oil and gas reserves is nothing new, despite the relatively small amount of hydrocarbons currently being produced from its waters. But a gradual thawing in the arguments against why responsible exploration and development activity cannot take place has brought …

TGS will commence acquisition of a new 7,700 km 2D survey in the Russian Arctic Sea. Data acquisition will begin in early August with 4,500 km in the Laptev Sea before the vessel moves to the East Siberian Sea to acquire an additional 3,200 km. The survey is in partnership …

Reference is made to the notice published by Polarcus Limited on 17 June 2010 regarding the receipt of a Letter of Intent from Rosneft for a 1,030 square kilometer 3D seismic acquisition project in the Russian sector of the Black Sea. Polarcus Limited (OAX: PLCS) announced today that the Polarcus …

Polarcus Limited (OAX: PLCS) reported its second quarter 2010 unaudited financial statements. The quarter has seen Polarcus successfully complete the inaugural projects for the Company’s first two ultra-modern 3D vessels, POLARCUS NADIA and POLARCUS NAILA, and achieve its first profitable quarterly operating margin. The continued successful execution of the Company’s …

Polarcus Limited (OAX: PLCS) announced today that JSC Dalmorneftegeophysica (DMNG), tendering under the terms of a joint cooperation agreement with Polarcus, has received a Letter of Intent from Rosneft for a 1,030 square kilometer 3D seismic acquisition project in the Russian sector of the Black Sea. The project will be …