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Thalassa subsidiary secures lucrative contract with Sevmorgeo

WGP Energy Services, the subsidiary of AIM-listed Thalassa, has entered into a further agreement with Sevmorgeo S.A., a subsidiary of Joint Stock Company Sevmorgeo, a Russian geological sea survey company.

WGP Energy Services, the subsidiary of AIM-listed Thalassa, has entered into a further agreement with Sevmorgeo S.A., a subsidiary of Joint Stock Company Sevmorgeo, a Russian geological sea survey company.

The agreement is to supply node handling equipment and associated services as part of seismic data acquisition surveys being conducted by Sevmorgeo in Ecuador.

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The contract will increase the total revenue to Thalassa relating to these surveys to approximately $6.7m.

Thalassa reported that work had commenced and said that the surveys in Ecuador were scheduled to last until June 15th 2013.

Thalassa is a British Virgin Islands international business company which was incorporated and registered in the BVI on Deptember 26th 2007.

Thalassa's share price was up 5.33% to 158p at 09:13 on Friday.

MF

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