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Press Release: Polarcus secures fully prefunded multi-client project in Australia

17 Nov 2017 9:02 am
   Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) is pleased to 
announce that the Company has secured high industry prefunding for the 
'Zenaide' multi-client broadband 3D marine seismic project in the 
Bonaparte Basin, offshore Australia. 
   The project is scheduled to commence in Q4 2017 and will run for 
approximately six weeks. 
   Hans-Peter Burlid, CFO 
   +971 50 559 8175 
   John Scott, VP Sales & Marketing 
   +1 832 419 2012 
   About Polarcus 
   Polarcus (OSE: PLCS) is an innovative marine geophysical company with a 
pioneering environmental agenda, delivering high-end towed streamer data 
acquisition and imaging services from Pole to Pole. Polarcus operates a 
fleet of high performance 3D seismic vessels incorporating leading-edge 
maritime technologies for improved safety and efficiency. Polarcus 
offers contract seismic surveys and multi-client projects with advanced 
onboard processing solutions and employs over 400 professionals 
worldwide. The Company's principal office is in Dubai, United Arab 
Emirates. For more information, visit www.polarcus.com 
   This information is subject to the disclosure requirements pursuant to 
section 5 -12 of the Norwegian Securities Trading Act. 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
   Source: Polarcus Limited via Globenewswire 

(END) Dow Jones Newswires

November 17, 2017 04:02 ET (09:02 GMT)
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