Tuesday, March 22, 2016

Polarcus buy streamers for 96 million. – OBI Online

Polarcus buy a package with streamers from Dolphin Geophysical to $ 11.5 million or 96.6 million kroner, according to a recent stock exchange announcement on Tuesday.

The package contains twelve 8,100 meter active streamers, and is within the company’s guided operating investments.

the acquisition will be partly financed by a loan of eight million US dollars or about NOK 67.2 million, which, according to the message also will improve the company’s cash flow in 2016.

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