ASKER, NORWAY (10 January 2012) - TGS announces 2012 full year guidance today.
The guidance is as follows:
Multi-client investments USD 315 - 365 milion
Average pre-funding 50 - 60%
Average multi-client amortization rate 41 - 47%
Net revenues USD 700 - 760 million
Contract revenues approximately 5% of total revenues
To access a presentation on the guidance via webcast go to the Company website at www.tgsnopec.com
The slides from the presentation are also available in PDF format at both the TGS and Oslo Stock Exchange websites.
CEO Robert Hobbs and CFO Kristian Johansen will also host a conference call on 10 January 2012 at 15:00 CET Norway time (9:00 AM New York time). Attendees may want to call 5-10 minutes before 15:00 CET (9:00 AM NY) to ensure registration and access.
Norwegian attendees are invited to call: +800 560 53 or +47 2350 0486
International attendees are invited to call: 0800 279 4841 or +44 (0) 20 7136 2050
US attendees are invited to call: +1 877 249 9037
Participants will need to quote the following confirmation code when dialing into the conference: 6802452
A Q&A session will follow a short introduction, based upon the presentation issued in the morning. To pose a question, please press *1.
A replay of the conference call will be available shortly after. To access replay of the TGS conference call:
dial +47 2100 0498 (Norway) or +44 (0) 20 7111 1244 (International) or +1 347 366 9565 (US)
replay access code 6802452 followed by # (pound-sign)