Following the approval of the merger plan by both companies' Extraordinary
General Meetings on September 20th, 2007, the two companies are deemed to
be under common control, and the financial results are therefore to be
consolidated as from 20. September, 2007.
The financial results of Wavefield-Inseis as from the acquisition date
September 20th, 2007 will accordingly be consolidated into and reported in
the financial results of TGS-NOPEC.
As Wavefield-Inseis ASA continues to exist as a separate listed entity
during the eight weeks creditor review period starting September 21st, 2007,
Wavefield-Inseis ASA will issue a financial report for Q3-2007 to the Oslo
Stock Exchange on October 30th, 2007 on a standalone basis.
General Meetings on September 20th, 2007, the two companies are deemed to
be under common control, and the financial results are therefore to be
consolidated as from 20. September, 2007.
The financial results of Wavefield-Inseis as from the acquisition date
September 20th, 2007 will accordingly be consolidated into and reported in
the financial results of TGS-NOPEC.
As Wavefield-Inseis ASA continues to exist as a separate listed entity
during the eight weeks creditor review period starting September 21st, 2007,
Wavefield-Inseis ASA will issue a financial report for Q3-2007 to the Oslo
Stock Exchange on October 30th, 2007 on a standalone basis.
Further information on the merger can be obtained at www.tgsnopec.com, www.wavefield-inseis.com and www.oslobors.no.
Media contacts and further information
|
TGS |
Wavefield Inseis |
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Arne Helland |
Erik Hokholt |
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CFO |
CFO |
|
Tel: +47 66 76 99 31 / +47 91 88 78 29 |
Tel: +47 67 82 84 09 / +47 90 75 60 64 |
|
Email: arne.helland@tgsnopec.no |
|
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|
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Important notice and disclaimer
This press release is issued pursuant to the requirements of Norwegian law and the Oslo Børs and is not an offer to buy, sell or exchange any of the securities described herein. This press release may not be relied upon by any person to whom it was not intended to be provided. The press release is explicitly not an offer of securities for sale or exchange in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither TGS-NOPEC Geophysical Company ASA nor Wavefield Inseis ASA have registered, and neither company intend to register, any portion of their securities in the United States.
The press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond TGS' and Wavefield Inseis' control. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Although TGS and Wavefield Inseis believe that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The forward-looking statements involve risk.
