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ASKER, NORWAY (8 January 2013) - TGS announces 2013 full year guidance and Q4 2012 update.
Based on preliminary reporting from operating units, TGS management expects net revenues for the fourth quarter of 2012 to be approximately 280 MUSD, bringing estimated net revenues for the full year of 2012 to approximately 931 MUSD, 53% higher than 2011. Multi-client investments for the fourth quarter are expected to be approximately 93 MUSD. Management will give a full report of Q4 2012 results on 7 February 2013.
For 2013 the guidance is as follows:
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 8 January 2013 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.
Participants will need to quote the following confirmation code when dialing into the conference: 4175002.
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,
A replay of the conference call will also be available at www.tgs.com.