Thalassa Gets Supplemental Contracts in Ecuador

The Board of Thalassa announces that its subsidiary, WGP Energy Services Ltd, has entered into supplemental contracts with Joint Stock Company Sevmorgeo, the Russian geological sea survey company.

The supplemental contracts are to supply additional services and a vessel as part of seismic data acquisition surveys being conducted by SMG in Ecuador. The supplemental contracts will increase the revenue to the Company by in excess of US$500,000 to at least $5.6 million in aggregate.

The work has commenced and these surveys in Ecuador are scheduled to last until 15 June 2013.

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Press Release, February 27, 2013; Image: WGP