Polarcus receives Letter of Intent for 3D seismic acquisition

Polarcus Limited (OAX: PLCS) is pleased to announce that the Company has received a Letter of Intent for a 3D offshore seismic acquisition project for an undisclosed client. The project, subject to the execution of a service contract, will commence in Q2 2011 and is expected to run for approximately 100 days. As a result of this announcement the Company's backlog at date has increased to 23 vessel months in total.
Source: Polarcus