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Thalassa Holdings shares advance as it chalks up another contract

Last updated: 08:41 22 Mar 2013 GMT, First published: 09:41 22 Mar 2013 GMT

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Thalassa Holdings (LON:THAL) shares advanced on Friday as it landed another contract to supply equipment to Sevmorgeo, a Russian geological survey company.

The equipment supplied by the AIM quoted specialist technology firm will be used as part of a seismic data acquisition programme off the coast of Ecuador.

This latest contract follows earlier deals for the programme, and Thalassa says it increases the total revenues due in relation to the surveys to US$6.7mln.

It also told investors that the programme is already underway and it is expected to be complete by mid-June.

On AIM, Thalassa shares advanced over 5% to trade at 158p each.

 

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