Polarcus: Vessel utilization for Q3-17




Vessel utilization for Q3-17

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) announces the Company’s third quarter 2017 vessel utilization as follows:

 Utilization   Q3 – 2017   Q3 – 2016   FY – 2016 
 Utilization 92% 90% 83%
 By category:
 Contract Seismic 92% 86% 71%
 Multi-Client 0% 4% 12%
 Transit 8% 10% 12%
 Yard 0% 0% 2%
 Standby 0% 0% 3%

Polarcus Nadia is excluded from vessel utilization subsequent to cold-stacking on 01 April 2015

The Company will be releasing its third quarter 2017 report on 27 October 2017 at approximately 07:00hrs CEST (09:00hrs UAE). A webcast and conference call will be hosted by Polarcus commencing at 09:00hrs CEST (11:00hrs UAE).


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