ION Geophysical Corp (IO) 4.98 $IO
ION reports second quarter 2016 results
PR Newswire - 1 hr 50 mins ago
ION Geophysical Corporation (NYSE: IO) today reported a second quarter 2016 net loss of $25.3 million, or $(2.22) per share, on revenues of $36.2 million, compared to a net income of $56.1 million, or $5.11 per diluted share, on revenues of $36.8 million in second quarter 2015. Excluding special items related to severance charges and the Company's debt exchange in the second quarter 2016, the Company's adjusted net loss was $21.2 million, or $(1.85) per share, compared to an adjusted net loss of $44.7 million, or $(4.07) per share in second quarter 2015. A reconciliation of special items to the 2016 and 2015 financial results can be found in the financial tables of this press release.
IO: 4.98 (+0.14)
ION announces second quarter 2016 earnings and conference call schedule
PR Newswire - Mon Aug 01, 6:15PM CDT
ION Geophysical Corporation (NYSE: IO) today announced that it will release its second quarter 2016 financial results on Wednesday, August 3, 2016 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, August 4 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
ION reports first quarter 2016 results
PR Newswire - Wed May 04, 4:49PM CDT
ION Geophysical Corporation (NYSE: IO) today reported a first quarter 2016 net loss of $35.0 million, or $(3.30) per share, on revenues of $22.7 million, compared to a net loss of $55.3 million, or $(5.04) per share, on revenues of $40.6 million in first quarter 2015. Excluding special items reported one year ago, the Company's first quarter 2015 adjusted net loss was $51.5 million, or $(4.70) per share.
IO: 4.98 (+0.14)
ION announces first quarter 2016 earnings and conference call schedule
PR Newswire - Mon May 02, 4:04PM CDT
ION Geophysical Corporation (NYSE: IO) today announced that it will release its first quarter 2016 financial results on Wednesday, May 4, 2016 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, May 5 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
ION announces successful completion of Exchange Offer and Consent Solicitation relating to its 8.125% Senior Secured Second Priority Notes due 2018
PR Newswire - Thu Apr 28, 3:15PM CDT
ION Geophysical Corporation (NYSE: IO) today announced the successful completion of the previously announced exchange offer (the "Exchange Offer"
and consent solicitation (the "Consent Solicitation" related to the Company's outstanding 8.125% Senior Secured Second Priority Notes due 2018 (the "Existing Notes".
IO: 4.98 (+0.14)
ION announces successful early tender results and extension of the early tender deadline
PR Newswire - Tue Apr 12, 6:00AM CDT
ION Geophysical Corporation (the "Company" (NYSE: IO) today announced that based on the early tender results for the previously announced exchange offer (the "Exchange Offer" related to the Company's outstanding 8.125% Senior Secured Second Priority Notes due 2018 (the "Existing Notes" the Company expects to have sufficient participation in the Exchange Offer to be able to consummate the Exchange Offer. The Company is also extending the early tender deadline of the Exchange Offer to 4:59 P.M., New York City Time, on Friday, April 15, 2016 (the "Extended Early Tender Deadline" to encourage even greater participation by any remaining noteholders and to enable them to receive the full early tender benefits by tendering on or prior to the Extended Early Tender Deadline.
IO: 4.98 (+0.14)
ION announces commencement of Exchange Offer and Consent Solicitation relating to its 8.125% Senior Secured Second Priority Notes due 2018
PR Newswire - Mon Mar 28, 3:15PM CDT
ION Geophysical Corporation (the "Company" (NYSE: IO) today announced the commencement of an exchange offer (the "Exchange Offer" related to the Company's outstanding 8.125% Senior Secured Second Priority Notes due 2018 (the "Existing Notes". The Company is offering to exchange any and all of the Existing Notes held by eligible holders. The Exchange Offer and Consent Solicitation are part of a transaction regarding the Company's entry into a support agreement (the "Support Agreement" with holders of its Existing Notes that collectively hold more than two-thirds of the aggregate outstanding principal amount of the Existing Notes (the "Supporting Noteholders".
IO: 4.98 (+0.14)
ION acquires Global Dynamics Incorporated, including proprietary SailWing technology
PR Newswire - Thu Mar 10, 3:20PM CST
ION Geophysical Corporation (NYSE: IO) today announced that it has acquired Global Dynamics Incorporated (GDI), an Ontario-based company that designs and develops marine towing systems and equipment, including its proprietary SailWing technology. ION plans to leverage SailWing technology to develop and sell commercial products for both source control and streamer deployment optimization in the towed streamer segment and to commercialize SailWings for use by its OceanGeo ocean bottom seismic (OBS) acquisition company.
IO: 4.98 (+0.14)
ION reports fourth quarter and year end 2015 results
PR Newswire - Wed Feb 10, 4:50PM CST
ION Geophysical Corporation (NYSE: IO) today reported a fourth quarter 2015 net loss of $5.5 million on revenues of $77.5 million, or $(0.51) per share, compared to a net loss of $180.9 million on revenues of $136.8 million, or $(16.51) per share, in fourth quarter 2014. Excluding special items, ION's fourth quarter 2014 adjusted net loss was $11.0 million, or $(1.01) per share. The per share amounts for both years have been adjusted to reflect a 1-for-15 reverse stock split that went into effect on February 4, 2016.
IO: 4.98 (+0.14)
ION announces fourth quarter and year-end 2015 earnings and conference call schedule
PR Newswire - Mon Feb 08, 5:55PM CST
ION Geophysical Corporation (NYSE: IO) today announced that it will release its fourth quarter and year-end 2015 financial results on Wednesday, February 10, 2016 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, February 11 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
ION announces 1-for-15 Reverse Stock Split, Authorized Share Increase and amendments to 2013 Long-Term Incentive Plan following stockholder approval
PR Newswire - Thu Feb 04, 4:30PM CST
ION Geophysical Corporation (the "Company" (NYSE: IO) today announced (i) a 1-for-15 reverse stock split on shares of the Company's common stock (the "Reverse Stock Split", (ii) an increase in the number of authorized shares of the Company's common stock from 200 million to 400 million (the "Authorized Share Increase" and (iii) certain amendments to the Company's 2013 Long-Term Incentive Plan (the "2013 LTIP" to increase (i) the total number of shares of the Company's common stock available for issuance under the 2013 LTIP to 1,248,667 and (ii) the maximum number of such shares that may be granted in the form of full-value awards to 412,060 (the "LTIP Amendments". Authorization to implement the Reverse Stock Split, Authorized Share Increase and LTIP Amendments was approved by the Company's stockholders at a special meeting held on February 1, 2016.
IO: 4.98 (+0.14)
ION Announces Stock Repurchase Program
PR Newswire - Wed Nov 04, 3:46PM CST
ION Geophysical Corporation (the "Company" (NYSE: IO) today announced that its board of directors has authorized the Company to repurchase, from time to time from November 10, 2015 through November 10, 2017, up to $25 million in shares of its outstanding common stock. The stock repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors including the market price of the Company's shares of common stock and general market and economic conditions, applicable legal requirements and compliance with the terms of the Company's outstanding indebtedness.
IO: 4.98 (+0.14)
ION reports third quarter 2015 results
PR Newswire - Wed Nov 04, 3:45PM CST
ION Geophysical Corporation (NYSE: IO) today reported third quarter 2015 net loss of $20.4 million, or $(0.12) per share. The third quarter results were impacted by special items totaling $3.5 million, or $(0.02) per share, primarily related to severance charges. Excluding special items, the Company's third quarter adjusted net loss was $16.9 million, or $(0.10) per share, on revenues of $66.7 million, compared to a net loss of $24.5 million, or $(0.15) per share, on revenues of $106.5 million in third quarter 2014. A reconciliation of special items to 2015 and 2014 can be found in the financial tables of this press release.
IO: 4.98 (+0.14)
ION announces third quarter 2015 earnings and conference call schedule
PR Newswire - Mon Nov 02, 4:07PM CST
ION Geophysical Corporation (NYSE: IO) today announced that it will release its third quarter 2015 financial results on Wednesday, November 4, 2015 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, November 5 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
Blackrock Set to Join the S&P 100; Hewlett Packard Enterprise to Join the S&P 500; Others to Join S&P MidCap 400 & S&P SmallCap 600
PR Newswire - Tue Oct 27, 5:31PM CDT
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
EXH: 23.06 (+0.54), MKTX: 161.74 (-0.09), EXTN: 12.57 (+0.39), IO: 4.98 (+0.14), BLK: 368.16 (+1.08), ABCB: 32.80 (+0.03), MTB: 113.90 (+1.90), MHFI: 107.92 (+1.16), HPQ: 14.31 (+0.25), HCBK: 10.12 (-0.07), CYN: 89.60 (-0.33), RY: 60.29 (+0.29), AROC: 8.99 (+0.42), HPE: 21.51 (+0.74)
Traders Get Bullish on Shares of ION Geophysical, Shares Up 15.9% (IO)
Comtex SmarTrend(R) - Fri Oct 09, 12:52PM CDT
ION Geophysical (NYSE:IO) is one of today's best performing penny stocks, up 15.9% to $0.73 on 1.5x average daily volume. ION Geophysical has traded 823,000 shares thus far today, vs. average volume of 549,000 shares per day. The stock has outperformed the Dow (15.9% to the Dow's -0.0%) and outperformed the S&P 500 (15.9% to the S&P's -0.2%) during today's trading.
IO: 4.98 (+0.14)
ION Geophysical Up 16.9%, Penny Stock Attracts Attention (IO)
Comtex SmarTrend(R) - Tue Oct 06, 12:45PM CDT
ION Geophysical (NYSE:IO) is one of today's best performing penny stocks, up 16.9% to $0.45 on 1.2x average daily volume. ION Geophysical has traded 671,000 shares thus far today, vs. average volume of 537,000 shares per day. The stock has outperformed the Dow (16.9% to the Dow's 0.2%) and outperformed the S&P 500 (16.9% to the S&P's -0.4%) during today's trading.
IO: 4.98 (+0.14)
Stock to Watch: ION Geophysical Down 5.8% (IO)
Comtex SmarTrend(R) - Fri Sep 18, 11:45AM CDT
ION Geophysical (NYSE:IO) is one of today's worst performing penny stocks, down 5.8% to $0.50 on 1.1x average daily volume. Thus far today, ION Geophysical has traded 573,000 shares, vs. average volume of 527,000 shares per day. The stock has underperformed the Dow (-5.8% to the Dow's -1.3%) and underperformed the S&P 500 (-5.8% to the S&P's -1.1%) during today's trading.
IO: 4.98 (+0.14)
ION awarded contract to conduct 2D seismic survey of Somalia Puntland offshore margin
PR Newswire - Tue Sep 01, 3:47PM CDT
ION Geophysical Corporation (NYSE: IO) and the Puntland Petroleum Minerals Agency (PPMA) announced that the PPMA has awarded ION a contract to acquire 8,000 kilometers of seismic data covering the entire Somalia Puntland offshore margin. The regional 2D multi-client survey, known as PuntlandSPANTM, is being conducted to support a future license round initiative and to assist the E&P industry in gaining a better understanding of the architecture of the sedimentary basin and the hydrocarbon potential of this unexplored offshore margin. Data acquisition is expected to begin in fourth quarter 2015.
IO: 4.98 (+0.14)
ION awarded TPDC contract for seismic survey
PR Newswire - Tue Sep 01, 7:30AM CDT
ION Geophysical Corporation (NYSE: IO) and the Tanzanian Petroleum Development Corporation (TPDC) today announced that the TPDC has awarded ION a contract to acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region. The award follows an international tender, number PA/031/2014-15/W/06, for a 2D multi-client survey, to be known as 'TPDC Phase I 2015', that is planned to be acquired in fourth quarter 2015.
IO: 4.98 (+0.14)
ION reports second quarter 2016 results
PR Newswire - 1 hr 50 mins ago
ION Geophysical Corporation (NYSE: IO) today reported a second quarter 2016 net loss of $25.3 million, or $(2.22) per share, on revenues of $36.2 million, compared to a net income of $56.1 million, or $5.11 per diluted share, on revenues of $36.8 million in second quarter 2015. Excluding special items related to severance charges and the Company's debt exchange in the second quarter 2016, the Company's adjusted net loss was $21.2 million, or $(1.85) per share, compared to an adjusted net loss of $44.7 million, or $(4.07) per share in second quarter 2015. A reconciliation of special items to the 2016 and 2015 financial results can be found in the financial tables of this press release.
IO: 4.98 (+0.14)
ION announces second quarter 2016 earnings and conference call schedule
PR Newswire - Mon Aug 01, 6:15PM CDT
ION Geophysical Corporation (NYSE: IO) today announced that it will release its second quarter 2016 financial results on Wednesday, August 3, 2016 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, August 4 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
ION reports first quarter 2016 results
PR Newswire - Wed May 04, 4:49PM CDT
ION Geophysical Corporation (NYSE: IO) today reported a first quarter 2016 net loss of $35.0 million, or $(3.30) per share, on revenues of $22.7 million, compared to a net loss of $55.3 million, or $(5.04) per share, on revenues of $40.6 million in first quarter 2015. Excluding special items reported one year ago, the Company's first quarter 2015 adjusted net loss was $51.5 million, or $(4.70) per share.
IO: 4.98 (+0.14)
ION announces first quarter 2016 earnings and conference call schedule
PR Newswire - Mon May 02, 4:04PM CDT
ION Geophysical Corporation (NYSE: IO) today announced that it will release its first quarter 2016 financial results on Wednesday, May 4, 2016 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, May 5 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
ION announces successful completion of Exchange Offer and Consent Solicitation relating to its 8.125% Senior Secured Second Priority Notes due 2018
PR Newswire - Thu Apr 28, 3:15PM CDT
ION Geophysical Corporation (NYSE: IO) today announced the successful completion of the previously announced exchange offer (the "Exchange Offer"
and consent solicitation (the "Consent Solicitation" related to the Company's outstanding 8.125% Senior Secured Second Priority Notes due 2018 (the "Existing Notes". IO: 4.98 (+0.14)
ION announces successful early tender results and extension of the early tender deadline
PR Newswire - Tue Apr 12, 6:00AM CDT
ION Geophysical Corporation (the "Company"
(NYSE: IO) today announced that based on the early tender results for the previously announced exchange offer (the "Exchange Offer" related to the Company's outstanding 8.125% Senior Secured Second Priority Notes due 2018 (the "Existing Notes" the Company expects to have sufficient participation in the Exchange Offer to be able to consummate the Exchange Offer. The Company is also extending the early tender deadline of the Exchange Offer to 4:59 P.M., New York City Time, on Friday, April 15, 2016 (the "Extended Early Tender Deadline" to encourage even greater participation by any remaining noteholders and to enable them to receive the full early tender benefits by tendering on or prior to the Extended Early Tender Deadline. IO: 4.98 (+0.14)
ION announces commencement of Exchange Offer and Consent Solicitation relating to its 8.125% Senior Secured Second Priority Notes due 2018
PR Newswire - Mon Mar 28, 3:15PM CDT
ION Geophysical Corporation (the "Company"
(NYSE: IO) today announced the commencement of an exchange offer (the "Exchange Offer" related to the Company's outstanding 8.125% Senior Secured Second Priority Notes due 2018 (the "Existing Notes". The Company is offering to exchange any and all of the Existing Notes held by eligible holders. The Exchange Offer and Consent Solicitation are part of a transaction regarding the Company's entry into a support agreement (the "Support Agreement" with holders of its Existing Notes that collectively hold more than two-thirds of the aggregate outstanding principal amount of the Existing Notes (the "Supporting Noteholders". IO: 4.98 (+0.14)
ION acquires Global Dynamics Incorporated, including proprietary SailWing technology
PR Newswire - Thu Mar 10, 3:20PM CST
ION Geophysical Corporation (NYSE: IO) today announced that it has acquired Global Dynamics Incorporated (GDI), an Ontario-based company that designs and develops marine towing systems and equipment, including its proprietary SailWing technology. ION plans to leverage SailWing technology to develop and sell commercial products for both source control and streamer deployment optimization in the towed streamer segment and to commercialize SailWings for use by its OceanGeo ocean bottom seismic (OBS) acquisition company.
IO: 4.98 (+0.14)
ION reports fourth quarter and year end 2015 results
PR Newswire - Wed Feb 10, 4:50PM CST
ION Geophysical Corporation (NYSE: IO) today reported a fourth quarter 2015 net loss of $5.5 million on revenues of $77.5 million, or $(0.51) per share, compared to a net loss of $180.9 million on revenues of $136.8 million, or $(16.51) per share, in fourth quarter 2014. Excluding special items, ION's fourth quarter 2014 adjusted net loss was $11.0 million, or $(1.01) per share. The per share amounts for both years have been adjusted to reflect a 1-for-15 reverse stock split that went into effect on February 4, 2016.
IO: 4.98 (+0.14)
ION announces fourth quarter and year-end 2015 earnings and conference call schedule
PR Newswire - Mon Feb 08, 5:55PM CST
ION Geophysical Corporation (NYSE: IO) today announced that it will release its fourth quarter and year-end 2015 financial results on Wednesday, February 10, 2016 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, February 11 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
ION announces 1-for-15 Reverse Stock Split, Authorized Share Increase and amendments to 2013 Long-Term Incentive Plan following stockholder approval
PR Newswire - Thu Feb 04, 4:30PM CST
ION Geophysical Corporation (the "Company"
(NYSE: IO) today announced (i) a 1-for-15 reverse stock split on shares of the Company's common stock (the "Reverse Stock Split", (ii) an increase in the number of authorized shares of the Company's common stock from 200 million to 400 million (the "Authorized Share Increase" and (iii) certain amendments to the Company's 2013 Long-Term Incentive Plan (the "2013 LTIP" to increase (i) the total number of shares of the Company's common stock available for issuance under the 2013 LTIP to 1,248,667 and (ii) the maximum number of such shares that may be granted in the form of full-value awards to 412,060 (the "LTIP Amendments". Authorization to implement the Reverse Stock Split, Authorized Share Increase and LTIP Amendments was approved by the Company's stockholders at a special meeting held on February 1, 2016. IO: 4.98 (+0.14)
ION Announces Stock Repurchase Program
PR Newswire - Wed Nov 04, 3:46PM CST
ION Geophysical Corporation (the "Company"
(NYSE: IO) today announced that its board of directors has authorized the Company to repurchase, from time to time from November 10, 2015 through November 10, 2017, up to $25 million in shares of its outstanding common stock. The stock repurchase program may be implemented through open market repurchases or privately negotiated transactions, at management's discretion. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors including the market price of the Company's shares of common stock and general market and economic conditions, applicable legal requirements and compliance with the terms of the Company's outstanding indebtedness. IO: 4.98 (+0.14)
ION reports third quarter 2015 results
PR Newswire - Wed Nov 04, 3:45PM CST
ION Geophysical Corporation (NYSE: IO) today reported third quarter 2015 net loss of $20.4 million, or $(0.12) per share. The third quarter results were impacted by special items totaling $3.5 million, or $(0.02) per share, primarily related to severance charges. Excluding special items, the Company's third quarter adjusted net loss was $16.9 million, or $(0.10) per share, on revenues of $66.7 million, compared to a net loss of $24.5 million, or $(0.15) per share, on revenues of $106.5 million in third quarter 2014. A reconciliation of special items to 2015 and 2014 can be found in the financial tables of this press release.
IO: 4.98 (+0.14)
ION announces third quarter 2015 earnings and conference call schedule
PR Newswire - Mon Nov 02, 4:07PM CST
ION Geophysical Corporation (NYSE: IO) today announced that it will release its third quarter 2015 financial results on Wednesday, November 4, 2015 after the market closes. In conjunction with the release, ION has scheduled a conference call, which will be broadcast live over the Internet, for Thursday, November 5 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).
IO: 4.98 (+0.14)
Blackrock Set to Join the S&P 100; Hewlett Packard Enterprise to Join the S&P 500; Others to Join S&P MidCap 400 & S&P SmallCap 600
PR Newswire - Tue Oct 27, 5:31PM CDT
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
EXH: 23.06 (+0.54), MKTX: 161.74 (-0.09), EXTN: 12.57 (+0.39), IO: 4.98 (+0.14), BLK: 368.16 (+1.08), ABCB: 32.80 (+0.03), MTB: 113.90 (+1.90), MHFI: 107.92 (+1.16), HPQ: 14.31 (+0.25), HCBK: 10.12 (-0.07), CYN: 89.60 (-0.33), RY: 60.29 (+0.29), AROC: 8.99 (+0.42), HPE: 21.51 (+0.74)
Traders Get Bullish on Shares of ION Geophysical, Shares Up 15.9% (IO)
Comtex SmarTrend(R) - Fri Oct 09, 12:52PM CDT
ION Geophysical (NYSE:IO) is one of today's best performing penny stocks, up 15.9% to $0.73 on 1.5x average daily volume. ION Geophysical has traded 823,000 shares thus far today, vs. average volume of 549,000 shares per day. The stock has outperformed the Dow (15.9% to the Dow's -0.0%) and outperformed the S&P 500 (15.9% to the S&P's -0.2%) during today's trading.
IO: 4.98 (+0.14)
ION Geophysical Up 16.9%, Penny Stock Attracts Attention (IO)
Comtex SmarTrend(R) - Tue Oct 06, 12:45PM CDT
ION Geophysical (NYSE:IO) is one of today's best performing penny stocks, up 16.9% to $0.45 on 1.2x average daily volume. ION Geophysical has traded 671,000 shares thus far today, vs. average volume of 537,000 shares per day. The stock has outperformed the Dow (16.9% to the Dow's 0.2%) and outperformed the S&P 500 (16.9% to the S&P's -0.4%) during today's trading.
IO: 4.98 (+0.14)
Stock to Watch: ION Geophysical Down 5.8% (IO)
Comtex SmarTrend(R) - Fri Sep 18, 11:45AM CDT
ION Geophysical (NYSE:IO) is one of today's worst performing penny stocks, down 5.8% to $0.50 on 1.1x average daily volume. Thus far today, ION Geophysical has traded 573,000 shares, vs. average volume of 527,000 shares per day. The stock has underperformed the Dow (-5.8% to the Dow's -1.3%) and underperformed the S&P 500 (-5.8% to the S&P's -1.1%) during today's trading.
IO: 4.98 (+0.14)
ION awarded contract to conduct 2D seismic survey of Somalia Puntland offshore margin
PR Newswire - Tue Sep 01, 3:47PM CDT
ION Geophysical Corporation (NYSE: IO) and the Puntland Petroleum Minerals Agency (PPMA) announced that the PPMA has awarded ION a contract to acquire 8,000 kilometers of seismic data covering the entire Somalia Puntland offshore margin. The regional 2D multi-client survey, known as PuntlandSPANTM, is being conducted to support a future license round initiative and to assist the E&P industry in gaining a better understanding of the architecture of the sedimentary basin and the hydrocarbon potential of this unexplored offshore margin. Data acquisition is expected to begin in fourth quarter 2015.
IO: 4.98 (+0.14)
ION awarded TPDC contract for seismic survey
PR Newswire - Tue Sep 01, 7:30AM CDT
ION Geophysical Corporation (NYSE: IO) and the Tanzanian Petroleum Development Corporation (TPDC) today announced that the TPDC has awarded ION a contract to acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore blocks 4/1B and 4/1C in the Rovuma Delta region. The award follows an international tender, number PA/031/2014-15/W/06, for a 2D multi-client survey, to be known as 'TPDC Phase I 2015', that is planned to be acquired in fourth quarter 2015.
IO: 4.98 (+0.14)
