ASKER, NORWAY (9 January 2014) - TGS announces 2014 full year guidance today.
The guidance is as follows:
- Multi-client investments 390 - 460 MUSD
- Average pre-funding 45 - 55%
- Average multi-client amortization rate 40 - 46%
- Net revenues 870 - 950 MUSD
- Contract revenues approximately 5% of total revenues
To access a presentation on the guidance via webcast go to the company website at www.tgs.com
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 host a conference call on 9 January 2014 at 15:00 CET (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.
- Norwegian attendees are invited to call 800 56053 or +47 2316 2729
- International attendees are invited to call 0800 279 4977 or +44(0)20 3427 1917
- US attendees are invited to call +1 877 280 2342
Participants will need to quote the following confirmation code when dialing into the conference: 8329782.
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,
- dial +47 2100 0498 (Norway) or +44 (0)20 3427 0598 (International) or +1 347 366 9565 (US)
- replay access code 8329782 followed by # (pound-sign)
A replay of the conference call will also be available at www.tgs.com.