Appointment of New Non Executive Director

RNS Number : 7570H

Thalassa Holdings Limited

25 June 2013

 



25 June 2013

Thalassa Holdings Ltd

(Reuters: THAL.L, Bloomberg: THAL:LN)

("Thalassa" or the "Company")

Appointment of New Non Executive Director

The Board of Thalassa is delighted to announce the appointment of August Francis Smulders as a director of the Company. Mr Smulders, 47, brings 22 years of experience in a wide range of industries from a strategic consulting perspective, including Oil & Gas, FMCG and financial services. He started his career with Allseas, a supplier of offshore installation services, before taking up positions with Marakon Associates and Baintree Strategy Consulting.

Mr Smulders is currently a director of Baintree Limited, and was until 2009 a director of 44, Charleville Road Limited and until 2012 a director of Moulin Management Ltd. No further disclosures are required under Schedule II (g) of the AIM Rules.

Thalassa's Chairman, Duncan Soukup, commented: "I am pleased to welcome Mr Smulders and I am sure he will make a good addition, adding strength and balance to the board."

Contacts:

Thalassa Holdings Ltd:

Duncan Soukup, Executive Chairman                                       [phone]

WH Ireland Limited (Nominated adviser):

Chris Fielding, Head of Corporate Finance                                        020 7220 1650

www.thalassaholdingsltd.com

Notes to Editor:

Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with a focus on marine seismic operations. The corporate strategy for the Group is "Exploration and Beyond". "Exploration" is focused on activity in frontier and challenging locations, whilst "Beyond" focuses on production activity by looking to secure opportunities in the permanent reservoir monitoring market. Thus activity and focus will be dominated by projects in remote and challenging frontier locations, coupled with lower risk projects in mature producing regions.

Alongside the technical expertise and consultancy in marine seismic operations provided through its subsidiary, WGP, the Group owns and operates two portable modular source systems (PMSS™). The PMSS™ generates a seismic source for use in seismic acquisition in petroleum exploration and production. The equipment is temporarily installed on the back of a platform supply vessel for the purposes of acquiring data.

 

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