TGS 2012 Guidance
(Thomson Reuters ONE) -
ASKER, NORWAY (10 January 2012) - TGS announces 2012 full year guidance today.
The guidance is as follows:
· Multi-client investments USD 315 - 365 milion
· Average pre-funding 50 - 60%
· Average multi-client amortization rate 41 - 47%
· Net revenues USD 700 - 760 million
· Contract revenues approximately 5% of total revenues
To access a presentation on the guidance via webcast go to the Company website
at www.tgsnopec.com
The slides from the presentation are also available in PDF format at both the
TGS and Oslo Stock Exchange websites.
CEO Robert Hobbs and CFO Kristian Johansen will also host a conference call on
10 January 2012 at 15:00 CET Norway time (9:00 AM New York time). Attendees
may want to call 5-10 minutes before 15:00 CET (9:00 AM NY) to ensure
registration and access.
· Norwegian attendees are invited to call: +800 560 53 or +47 2350 0486
· International attendees are invited to call: 0800 279 4841 or +44 (0)20
7136 2050
· US attendees are invited to call: +1 877 249 9037
Participants will need to quote the following confirmation code when dialing
into the conference: 6802452.
A Q&A session will follow a short introduction, based upon the presentation
issued in the morning. To pose a question, please press *1.
A replay of the conference call will be available shortly after. To access
replay of the TGS conference call:
· dial +47 2100 0498 (Norway) or +44 (0)20 7111 1244 (International) or
+1 347 366 9565 (US)
· replay access code 6802452 followed by # (pound-sign)
A replay of the conference call will also be available at www.tgsnopec.com
Company summary
TGS-NOPEC Geophysical Company (TGS) provides multi-client geoscience data and
services to oil and gas Exploration and Production companies around the globe.
TGS' geophysical and geological data products include multi-client seismic
libraries, permanent reservoir monitoring, magnetic and gravity data, the
industry's largest global database of digital well logs and regional
interpretive products. TGS also provides high-end depth imaging services to help
resolve complex seismic imaging problems. For more information visit TGS online
at www.tgsnopec.com.
Forward-looking statements and contact information
All statements in this press release other than statements of historical fact
are forward-looking statements, which are subject to a number of risks,
uncertainties and assumptions that are difficult to predict, and are based upon
assumptions as to future events that may not prove accurate. These factors
include TGS' reliance on a cyclical industry and principal customers, TGS'
ability to continue to expand markets for licensing of data, and TGS' ability to
acquire and process data products at costs commensurate with profitability.
Actual results may differ materially from those expected or projected in the
forward-looking statements. TGS undertakes no responsibility or obligation to
update or alter forward-looking statements for any reason.
TGS-NOPEC Geophysical Company ASA is listed on the Oslo Stock Exchange
(OSLO:TGS).
For additional information about this press release please contact:
Kristian Johansen
Chief Financial Officer
Office: +47 667 69931
Cell: +47 47 60 33 34
Email:kristian.johansen(at)tgsnopec.com
Karen El-Tawil
VP, Business Development
Office: +1 713 860 2102
Cell: +1 713 806 2420
Email:karen.el-tawil(at)tgsnopec.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
TGS 2012 Guidance:
http://hugin.info/86869/R/1576218/491197.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: TGS via Thomson Reuters ONE
[HUG#1576218]
Unternehmensinformation / Kurzprofil:
Datum: 10.01.2012 - 07:50 Uhr
Sprache: Deutsch
News-ID 102445
Anzahl Zeichen: 4665
contact information:
Town:
Asker
Kategorie:
Business News
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"TGS 2012 Guidance"
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