SAExploration - 500 Beiträge pro Seite

[DomRuinart]

Nachdem der Laden durch ständige Verwässerung quasi seinen gesamten Wert verloren hat und nur noch eine erbärmliche Marktkapitalisierung von 11 Mio$ aufweist, lies der 130 Mio $ Auftrag in der letzten Woche doch aufhorchen. Die haen sich zwar dann mal direkt innerhalb eines Tages verdreifacht, aber das Niveau ist immer noch ein Witz…ich denke hie kann man immer noch aufspringen…

SAExploration's stock rockets off record low after $130 million in new contract awards
MarketWatch•November 19, 2019

Shares of SAExploration Holdings Inc. nearly tripled (up 174%) in active trading Tuesday, to pace all premarket gainers, after the oilfield services and seismic data company announced new contracts valued at a total of $130 million in Alaska, Canada and the Middle East. Trading volume jumped to 705,000 shares ahead of the open, compared with the full-day average of about 137,000 shares. The stock's rally comes after it matched its record low close of $1.15 on Monday. The Houston-based company said the largest contract win was about $112 million for onshore data acquisition services to be conducted in Alaska over the next three winter seasons, beginning in the first quarter of 2020. The new projects also include various contracts in Canada to be performed primarily during the upcoming winter season and a new research and development contract with two "major integrated oil companies" in the Middle East. The stock has lost 63.4% over the past 12 months through Monday, while the S&P 500 has gained 16.0%.

SAExploration Announces $130 Million of New Projects in Alaska, Canada and Middle East
GlobeNewswire•November 18, 2019

HOUSTON, Nov. 18, 2019 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced a combined $130 million of new projects in Alaska, Canada and the Middle East.

The largest contract is valued at approximately $112 million for onshore data acquisition services to be performed on the North Slope of Alaska. The data acquisition services will be conducted over the next three winter seasons, beginning in Q1 2020. In association with this multi-year project award, SAE has entered into a separate agreement with Geospace Technologies Corporation to purchase 30,000 new state-of-the-art GCL recording channels. The new Geospace channels will primarily be utilized during the aforementioned multi-year contract in Alaska, but are also intended to be utilized in other regions, when available, during the off season.

The balance of the new project awards consists of various contracts in Canada, slated to be performed primarily during the upcoming Q1 2020 winter season, and a new research and development pilot contract in the Middle East with two major integrated oil companies, where thousands of next-generation wireless sensors, dropped by a smart, automated fleet of drones, will take high-density, 3D images of the subsurface.

Michael Faust, Chairman and CEO of SAE, commented “We are very pleased to announce these new projects and are grateful that our customers have displayed such confidence in our ability to continue to deliver high quality products and services safely and efficiently. I applaud the remarkable time and effort our dedicated employees put in every day, and their commitment to maintaining the operational excellence that secures these types of projects. These new awards reinforce our belief that the underlying fundamentals of the business are as strong as they’ve been in years. Our backlog for the remainder of 2019 is approximately $67 million and our contracted backlog for 2020 is already at approximately $96 million. SAE is committed to deploying cutting edge technology to further minimize our footprint and reduce environmental exposure everywhere we operate. The purchase of 30,000 small light-weight GCL recording channels, and the automated drone deployment pilots, are strong examples of that commitment to continuously raising the bar on health, safety and environmental protection.”

About SAExploration Holdings, Inc.

SAE is an international oilfield services company offering a full range of vertically-integrated seismic data acquisition, data processing and interpretation, and logistical support services throughout North America, South America, Asia Pacific, Africa and the Middle East. In addition to the acquisition of 2D, 3D, time-lapse 4D and multi-component seismic data on land, in transition zones and offshore in depths reaching 3,000 meters, SAE offers a full suite of data processing and interpretation services utilizing its proprietary, patent-protected software, and also provides in-house logistical support services, such as program design, planning and permitting, camp services and infrastructure, surveying, drilling, environmental assessment and reclamation, and community relations. SAE operates crews around the world, performing major projects for its blue-chip customer base, which includes major integrated oil companies, national oil companies and large independent oil and gas exploration companies. With its global headquarters in Houston, Texas, SAE supports its operations through a multi-national presence in the United States, United Kingdom, Canada, Peru, Colombia, Bolivia, Malaysia, Singapore, and Australia. For more information, please visit SAE’s website at www.saexploration.com.

Quelle: Yahoo!

[DomRuinart]

Der Newsflow kommt wieder in Gang und ihre Accounting Probleme scheinen die auch langsam in den Griff zu bekommen…vielleicht bahnt sich hier eine nachhaltige Trendwende an…

SAExploration Announces $42 Million of New Projects in Offshore West Africa, and Reduction in Debt of $14.5 Million

HOUSTON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced two new projects in offshore West Africa. The projects are valued at approximately $42 million in the aggregate and are scheduled to occur primarily during the 2nd quarter of 2020 and last approximately 71 days. Services to be provided will include 3D/4D data acquisition utilizing autonomous ROV-deployed nodal recording technology in water depths up to 1,700 meters.
In addition, as previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 13, 2020, SAE recently sold certain Alaska North Slope seismic library datasets to a third party and has used $14.5 million of the net proceeds of the sale to reduce indebtedness under its credit facility.
Michael Faust, Chairman, President and CEO of SAE, commented, “We are very pleased to be awarded these projects, which is further evidence of our customers’ confidence in our ability to deliver high quality datasets in a safe and environmentally friendly manner. A high priority for us is to improve our balance sheet. The sale of non-core assets to reduce debt has been an important tool to deliver on that priority.”

About SAExploration Holdings, Inc.
SAE is an international oilfield services company offering a full range of vertically-integrated seismic data acquisition, data processing and interpretation, and logistical support services throughout North America, South America, Asia Pacific, Africa and the Middle East. In addition to the acquisition of 2D, 3D, time-lapse 4D and multi-component seismic data on land, in transition zones and offshore in depths reaching 3,000 meters, SAE offers a full suite of data processing and interpretation services utilizing its proprietary, patent-protected software, and also provides in-house logistical support services, such as program design, planning and permitting, camp services and infrastructure, surveying, drilling, environmental assessment and reclamation, and community relations. SAE operates crews around the world, performing major projects for its blue-chip customer base, which includes major integrated oil companies, national oil companies and large independent oil and gas exploration companies. With its global headquarters in Houston, Texas, SAE supports its operations through a multi-national presence in the United States, United Kingdom, Canada, Peru, Colombia, Bolivia, Malaysia, and Singapore. For more information, please visit SAE’s website at www.saexploration.com.
The information in SAE’s website is not, and shall not be deemed to be, a part of this press release or incorporated in filings SAE makes with the Securities and Exchange Commission.

Quelle: Yahoo finance

[DomRuinart]

SAExploration Announces New Project in Greece

April 21, 2020 19:00 ET | Source: SAExploration Holdings, Inc.
HOUSTON, April 21, 2020 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (“SAE”) (NASDAQ: SAEX, OTCQB: SXPLW) today announced the award of a new land seismic acquisition contract in Greece. The project is valued at approximately $27 million and is expected to begin as soon as practical following the lifting of COVID-19 related travel restrictions in Greece. The program is expected to take 90-120 days to complete once field operations have begun. We are unable to predict when the COVID-19 related travel restrictions in Greece will be lifted or that other COVID-19 related restrictions will not be imposed, and when the project will commence.

Quelle: GlobeNewswire