Polarcus Limited (Polarcus) on 21 October 2014 regarding the announcement of a major new multi-client project offshore Australia (the "Capreolus 3D Project")

Polarcus is pleased to announce that the Company has secured further industry prefunding enabling the expansion of the survey northwards with an additional 7,130 square kilometers.

Consequently the Capreolus 3D Project will now comprise approximately 22,130 sq. km overall, providing exploration companies with an extensive basin-wide broadband 3D seismic dataset across the Roebuck Basin, offshore North West Shelf, Australia.

Seismic acquisition on the original program commenced early January 2015 with two Polarcus A-Class 3D seismic vessels utilizing the Company's RightBAND(TM) technique for broadband data acquisition.

Tags: Polarcus Limited