Thalassa revenue almost halves in first half
13th Sep 2016 10:43
(ShareCast News) - Thalassa Holdings announced its financial results for the six months to 30 June on Tuesday, with revenue falling to $5.2m against $9.9m for the same period last year. The AIM-traded company's gross profit was $2.9m, down from $4.2m, although its gross margin rose to 56.7% against
Read moreThalassa ups stake in Local Shopping REIT
9th Sep 2016 10:19
(ShareCast News) - AIM-listed Thalassa Holdings has acquired a bigger stake in The Local Shopping REIT (LSR). The company said it acquired just over 10.4m shares in LSR on Thursday, bringing its total holding to just under 12.9m shares or a 15.6% interest. Founded in 2005 with the objective of buil
Read moreThalassa reaches end of claim against Sevmorgeo
12th Aug 2016 10:16
(ShareCast News) - Thalassa Holdings updated the market on an ongoing claim against Sevmorgeo on Friday, with a conclusion in sight. In its financial statements for the year to 31 December 2015 released on 5 April 2016, the AIM-traded firm had referred to the outstanding trade receivable owed by joi
Read moreThalassa expects up to $10m in revenue in seismic service deals
7th Dec 2015 08:58
(ShareCast News) - Thalassa Holdings said it expects to generate between $7.5m (£4.9m) and $10m (£6.6m) from its group's two seismic services agreements. The AIM-listed company announced on Monday a new deal to provide long term seismic acquisition services to ConocoPhillips Skandinavia thought its
Read moreThalassa's Autonomous Robotics developing new flying node system
20th Oct 2015 12:56
(ShareCast News) - Thalassa Holdings said its Autonomous Robotics arm is developing a flying node system which operates as a swarm of autonomous underwater vehicles for recording ocean bottom seismic data. The energy services company said: "This technology has the potential to hugely disrupt the off
Read moreThalassa Holding's chairman buys new shares
10th Jul 2015 16:27
(ShareCast News) - The chairman of Thalassa Holdings bought some shares for the second consecutive month showing confidence in the group which has been facing challenging conditions due to the recent upheaval in the oil market. Charles Soukup purchased 50,000 shares for 51p each, spending a total of
Read moreThalassa's chairman increases stake
11th Jun 2015 16:08
The chairman of Thalassa bought some shares showing confidence one day after the company swung to a loss. Duncan Soukup purchased 50,000 shares for 58p each, spending £29,000. Following the transaction, Soukup holds 3.16m shares in the geophysical project management group. On Wednesday, the compan
Read moreThalassa swings to pre-tax loss as non-recurring costs soar
10th Jun 2015 09:58
Geophysical project management group Thalassa Holdings swung to pre-tax loss last year on the back of non-recurring costs. The British Virgin Islands-based group reported pre-tax loss of $12.23m (£7.9m) compared with profit of $4.96m a year earlier, while one-off costs, which did not incur in 2013,
Read moreThalassa jumps 10% on Barents Sea agreement
21st Apr 2015 16:36
Shares in Thalassa Holdings rose more than 10% on Tuesday, after the holding company said its WGP Group Ltd subsidiary has been awarded a seismic services contract by Norway-based TGS-NOPEC Geophysical Company ASA. Under the agreement, which has an initial duration of three months, WGP will acquire
Read moreThalassa Holdings reports sales delays but keeps 2014 guidance
31st Dec 2014 09:42
Marine survey group Thalassa Holdings reported sales delays due to a later-than-expected oil and gas exploration licensing round in the Norwegian Sea, but said it was keeping 2014 guidance unchanged. British Virgin Islands-registered Thalassa, whose WGP Group subsidiary offers marine geophysical ser
Read moreThalassa warns on possible seismic losses due to contract delays
25th Nov 2014 14:43
Shares in Thalassa Holdings plunged after the seismic exploration services company revealed it was not likely to meet market expectations for the full year. The AIM-listed company, whose two subsidiaries operate in the energy services industry, has been affected by a decline in oil prices and econom
Read moreThalassa subsidiary signs deal to provide services in Alaska
25th Feb 2014 12:30
WGP Group, a subsidiary of Thalassa Group, has agreed a new deal with SAExploration to provide shallow water source handling and deployment services for seismic acquisition projects in the North Prudhoe Bay, Alaska. Under the $4m contract, WGP will conduct a 90-day survey, which is due to begin in
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreThalassa completes acquisition of Go Science
22nd Nov 2013 07:29
Oil and gas company Thalassa Holdings on Friday said it completed the acquisition of Go Science for 1.8m pounds. GO Science, which provides mobile sensor grid services and products to the oil and gas, defence and homeland security sectors, was placed into administration in July. "Whilst this acqui
Read moreThalassa soars after full-year guidance upped
12th Sep 2013 12:56
After 'significant' progress on current contracts, oil exploration services provider Thalassa has expressed its confidence in beating market expectations for the full year. Furthermore, management said they were "increasingly optimistic" about winning a record level of contracts in 2014. The group
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