Asker, November 9, 2007
With reference to the request by Wavefield Inseis for an external review of circumstances surrounding q3 revenue shortfall for TGS-NOPEC:
TGS-NOPEC fully supports an independent third-party review of its Q3 revenues and has engaged PricewaterhouseCoopers (PwC) to conduct this review. PwC will conclude the review by November 16. after which its findings will be released.
The Board of TGS-NOPEC remains deeply committed to its agreed and approved merger with Wavefield-Inseis which will create a premier global geophysical company, with a complementary portfolio of assets, advanced technologies and enhanced growth opportunities.
The Board of Directors
TGS-NOPEC Geophysical Company ASA
For more information, please contact:
Arne Helland (CFO), +47 66 76 99 31/+47 91 88 78 29
Arne Helland (CFO), +47 66 76 99 31/+47 91 88 78 29