PLCS Polarcus Limited

Fourth Quarter 2019 Report – Presentation, Webcast and Conference Call Details

Fourth Quarter 2019 Report – Presentation, Webcast and Conference Call Details

Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) will release its Fourth Quarter and Preliminary Full Year 2019 results on Thursday, 27 February 2020 at 07:00hrs CET (10:00hrs UAE).

The Company will host a webcast and conference call commencing at 10:00hrs CET (13:00hrs UAE).

Access details are included below:





Webcast:



The presentation and Q&A session will be webcast at . The webcast will comprise a synchronized presentation and audio from the below conference call.

A replay of the webcast will be available after the event at under Investor Relations.





Conference Call:

Please use the following numbers and Confirmation Code to dial-in to the conference call and to participate in the Q&A:



Participant Confirmation Code: 4894196

Participant Telephone Numbers:

Norway
UK+44 (0) 844 493 3857
USA



A replay of the conference call will also be available after the event until Thursday, 5 March 2020.

Replay Access Code: 4894196

Norway
UK+44 (0) 844 571 8951
USA

 

Contacts

Hans-Peter Burlid, CFO

5

 

About Polarcus



Polarcus (OSE: PLCS) is an innovative marine geophysical company with a pioneering environmental agenda, delivering high-end towed streamer data acquisition and imaging services from Pole to Pole. Polarcus operates a fleet of high performance seismic vessels with 3D and 4D imaging capabilities, which incorporate leading-edge maritime technologies for improved safety and efficiency. Polarcus offers contract seismic surveys and multi-client projects with advanced onboard processing solutions. The Company services its clients globally from its head office in Dubai and regional offices located in Houston, London and Singapore. For more information, visit



This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

EN
18/02/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Polarcus Limited

Jon Masdal
  • Jon Masdal

US GoM round back on calendar

Following the legal battle and indications last week that a US GoM licensing round was moving forward, the US Department of the Interior announced yesterday that it intends to hold licensing round 257 this autumn, with all regular US GoM acreage included. We believe that uncertainty on future rounds has hampered multi-client sales in the US for the seismic companies, and see this development as a positive. Out of our coverage, TGS has the highest US exposure, although the main contributor to the...

Jon Masdal
  • Jon Masdal

Polarcus (No_rec, TP: NOK) - Discontinuing coverage

We have discontinued coverage of Polarcus. Our last published recommendation, target price and estimates should no longer be relied upon.

Martin Huseby Karlsen
  • Martin Huseby Karlsen

More detail on licensing round

Ahead of the white paper on Friday, the government provided more details on offshore wind development in Norway. The bottom-fixed areas will be developed without state-aid, and awards will follow an auction in early 2022. Floating areas will be awarded on qualitative criteria and receive government support (level not yet decided). Both areas will be split into 2–3 licences, which will allow multiple consortiums to be awarded. While we believe the planned sizes (in GW) allow for critical mass, th...

Martin Huseby Karlsen
  • Martin Huseby Karlsen

Crowded and high-profile in Norway

The initial licensing rounds for offshore wind acreage in Norway are lining up to be competitive, with several high-profile local companies/consortiums already having announced their intention to participate. In addition, we would expect traditional renewables producers and international E&P companies to take part. Currently there is limited clarity on how the licensing process will work, but more details are expected in a government white paper (‘Stortingsmelding’) on 11 June. Although the winn...

Jon Masdal
  • Jon Masdal

And then there were two

We believe Shearwater’s acquiring the former Polarcus vessels was the best outcome for the industry. We expect a disciplined approach to future capacity additions; however, with a low-cost offering and more optimal fleet size, we believe Shearwater will gain market share from PGS.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch