SAExploration Holdings, Inc. Announces $62.6 Million in New Contract Awards in South America
24 Juni 2013 - 7:06PM
Business Wire
SAExploration Holdings, Inc. (NASDAQ:TRIO, OTCBB:TMRGW)(“SAE”
or the “Company”) today announced that the Company has been
awarded seismic data acquisition contracts totaling $62.6 million
for new projects in South America during the last week.
Brian Beatty, President and CEO of SAE, commented, “These new
contracts demonstrate the continued strength of the oil & gas
exploration market in South America. These projects are expected to
commence in the third quarter of 2013 and extend into the fourth
quarter of 2013. SAE has a long-standing reputation for operating
in these logistically complex and challenging areas. We have an
industry leading quality, health, safety and environmental record
and combined with our expertise in equipment transportation,
lodging and community relations, we truly feel that our customers
will receive an environmentally sustainable and culturally
sensitive groundwork for years of oil and gas exploration.”
About SAExploration Holdings,
Inc.
SAE is a holding company of various subsidiaries which
cumulatively form a geographically diversified seismic data
acquisition company. SAE provides a full range of 2D, 3D and 4D
seismic data services to its clients, including surveying, program
design, logistical support, data acquisition, processing, camp
services, catering, environmental assessment and community
relations. The Company services its multinational client base from
offices in Canada, Alaska, Peru, Columbia, Bolivia, Papua New
Guinea, New Zealand and Brazil. SAE’s website is
www.saexploration.com.
Forward Looking
Statements
This press release includes certain forward-looking statements,
including statements regarding future financial performance, future
growth and future acquisitions. These statements are based on SAE
managements’ current expectations or beliefs and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements herein
due to changes in economic, business, competitive and/or regulatory
factors, and other risks and uncertainties affecting the operation
of SAE’s business. These risks, uncertainties and contingencies
include: fluctuations in the levels of exploration and development
activity in the oil and gas industry; business conditions; weather
and natural disasters; changing interpretations of GAAP; outcomes
of government reviews; inquiries and investigations and related
litigation; continued compliance with government regulations;
legislation or regulatory environments; requirements or changes
adversely affecting the business in which SAE is engaged;
fluctuations in customer demand; changes in scope or schedule of
customer projects; termination of contracts at the convenience of
clients; management of rapid growth; intensity of competition from
other providers of seismic acquisition services; general economic
conditions; geopolitical events and regulatory changes; and other
factors set forth in SAE’s filings with the Securities and Exchange
Commission. The information set forth herein should be read in
light of such risks. SAE is not under any obligation to, and
expressly disclaims any obligation to, update or alter its
forward-looking statements, whether as a result of new information,
future events, changes in assumptions or otherwise.
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