Oslo, Norway, 3rd January 2018.
Based on preliminary figures for Q4 2017, Management expects to report Net Revenue of approximately USD 46 million for the quarter (USD 35 million in Q4 2016 including tax credit of $5m).
Spectrum expects to report secured Net Interest Bearing Debt of USD 11 million and a cash balance of $14m as of 31th December 2017.
Spectrum will report 4th quarter and full year 2017 financial results 9th of February 2018.
For further information please contact:
Henning Olset, CFO
Mobile: +47 92 26 69 48
E-mail: henning.olset@spectrumgeo.com
Rune Eng, CEO
Mobile: +47 91 57 08 45
E-mail: rune.eng@spectrumgeo.com
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.