On 20 October 2009, Petroleum Geo-Services ASA ('PGS' or the 'Company') convened a meeting of holders of its US$400 million 2.7% convertible notes due 2012 for the purpose of considering a number of amendments to the terms and conditions of the Notes (the "Consent Solicitation").
Noteholders representing in excess of the 75% threshold required for the proposed amendments to be approved have voted in favor of the proposal by the Expiration Time as set out in the Notice of Meeting dated 20 October 2009. The meeting of noteholders will take place at 10am on 11 November 2009 as detailed in the Notice of Meeting.
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FOR DETAILS, CONTACT: |
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Tore Langballe, SVP Corporate Communications
Phone: +47 67 51 43 75
Mobile: +47 90 77 78 41
Bård Stenberg, Investor Relations Manager
Phone: +47 67 51 43 16
Mobile: +47 99 24 52 35
Phone: +1 281 509 8712
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Petroleum Geo-Services is a focused geophysical company providing a broad range of seismic and reservoir services, including acquisition, processing, interpretation, and field evaluation. The company also possesses the world's most extensive multi-client data library. PGS operates on a worldwide basis with headquarters at Lysaker, Norway.
For more information on Petroleum Geo-Services visit www.pgs.com.
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The information included herein contains certain forward-looking statements that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties. The Company is subject to a large number of risk factors including but not limited to the demand for seismic services, the demand for data from our multi-client data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for 2008. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements. The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the Company or its business. Any reliance on the information above is at the risk of the reader, and PGS disclaims any and all liability in this respect.
