Dawson Geophysical Company Files a Shelf Registration Statement
08 August 2005 - 5:45PM
PR Newswire (US)
MIDLAND, Texas, Aug. 8 /PRNewswire-FirstCall/ -- Dawson Geophysical
Company (NASDAQ:DWSN) announced today that it has filed a shelf
registration statement with the Securities and Exchange Commission
covering the offer and sale from time to time of up to $75 million
in debt securities, preferred and common stock, and warrants. The
features of the registration statement allow the Company to sell
securities, after the registration statement has been declared
effective by the SEC, in one or more separate offerings with the
size, price and terms to be determined at the time of sale. The
terms of any securities offered would be described in a related
prospectus to be separately filed with the SEC at the time of the
offering. The Company said that it does not expect to make an
offering at this time and has made the filing to enable the Company
to act quickly as opportunities arise. Dawson Geophysical Company
is the leading provider of U.S. onshore seismic data acquisition
services as measured by the number of active data acquisition
crews. Founded in 1952, Dawson acquires and processes 2-D, 3-D, and
multi- component seismic data solely for its clients, ranging from
major oil and gas companies to independent oil and gas operators as
well as providers of multi- client data libraries. A registration
statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become
effective. These securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy nor shall there be any sale
of these securities in any State in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such State. In accordance with the
Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995, Dawson Geophysical Company cautions that statements in
this press release which are forward-looking and which provide
other than historical information involve risks and uncertainties
that may materially affect the Company's actual results of
operations. These risks include, but are not limited to, dependence
upon energy industry spending, the volatility of oil and gas
prices, weather interruptions, the ability to obtain land access
rights of way and the availability of capital resources. A
discussion of these and other factors, including risks and
uncertainties, is set forth in the Company's Form 10-K for the
fiscal year ended September 30, 2004. Dawson Geophysical Company
disclaims any intention or obligation to revise any forward-looking
statements, whether as a result of new information, future events,
or otherwise. DATASOURCE: Dawson Geophysical Company CONTACT: L.
Decker Dawson, Chairman and CEO, or Christina W. Hagan, Executive
Vice President and CFO, both of Dawson Geophysical Company,
+1-800-332-9766 Web site: http://www.dawson3d.com/
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