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Polarcus – Capital Markets Day 2011: The right choices

Polarcus Limited (OAX: PLCS) is pleased to announce that the Company is today holding a Capital Markets Day in Dubai, United Arab Emirates. Following the event, the participants will be attending a double-naming ceremony of the Company’s newest 3D vessels; POLARCUS SAMUR and POLARCUS ALIMA.
Commenting on the event, Rolf Ronningen, CEO Polarcus, said: “After an eventful 2010 during which we commenced first operations, expanded our 3D global fleet and footprint and saw contract backlog grow as we proved our capabilities to the industry, we are now in a strong position to expand our market share and establish ourselves as a tier one player.”

He continued “Our main objective is to generate better returns on a lower capital base – both when it comes to delivering competitive solutions to our clients as well as creating shareholder value. We believe we are starting to see the effects of the right choices we have made. Polarcus has not only the most modern fleet in the industry, right sized for the market needs, but an optimized technology base enabling us to serve our market and client needs efficiently and effectively.”

The theme for the Polarcus Capital Markets Day is about making the right choices and includes the following highlights:

RIGHTPLAN

Polarcus has world class resources and proven capabilities
The key to project success is the score; the geophysical survey plan

RIGHTSIZE

Polarcus has the right assets to apply to the right survey plans
Polarcus’ vessels are optimally sized for the core 3D market

RIGHTDESIGN

Polarcus’ fleet is designed to operate in the new oil frontiers
Polarcus’ vessels are future-proofed for green and efficient operations

Source www.polarcus.com

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