Thalassa Share Discussion Threads

[itchycrack] 20/10/2015 08:08

Interesting...

[masurenguy] 20/10/2015 07:54

RNS Number : 7458C
Thalassa Holdings Limited
20 October 2015

The Autonomous Robotics Flying Node System
The future of deep water Ocean Bottom Seismic (OBS)
by Dave Grant, Autonomous Robotics Ltd ("ARL")

Autonomous Robotics is developing a Flying Node system which operates as a swarm of autonomous underwater vehicles (AUV's) for recording OBS data. This technology has the potential to hugely disrupt the offshore seismic market.

OBS surveys record very high quality seismic data especially suitable for field appraisal and development. Unfortunately, the cost of gathering such seismic data at extreme depths in complicated geology remains extremely high. Using the Flying Node system, ARL predicts a tenfold increase in the deployment and recovery rates compared to ROV deployed nodes, which should help to substantially reduce this cost.

The planned system foresees the deployment of 3,500 Flying Nodes from a vessel, which then descend (fly) to a predetermined position on the seabed. The ARL Flying Nodes are accurately positioned on the seabed using a USBL acoustic navigation system mounted on an unmanned surface vessel (USV) allowing for both 3D (exploration) and 4D (Production/LoFS) seismic. The nodes will have the ability to remain on the seabed recording data for up to 60 days to cover a wide range of survey requirements.

The Autonomous Robotics Flying Node system has been designed using proven technology or a variant thereof wherever possible.

Autonomous Robotics will be presenting a paper on Flying Nodes at the Society for Exploration Geophysics (SEG) conference, New Orleans, on Wed 21 October. Autonomous Robotics will also be unveiling a full scale model of the node and an animation of the system operation at SEG.

Note to Editors: Autonomous Robotics Ltd is a wholly owned subsidiary of Thalassa Holdings Ltd (AIM:THAL.L). Thalassa Holdings Ltd, incorporated and registered in the BVI and quoted on AIM, is a holding company with subsidiaries in the Energy Services and Defence and Homeland Security Industries, with a focus on marine seismic operations.

[closetinvestor] 16/10/2015 14:11

Been buying in here, after taking profits on PMO. The latter with huge debts and recent bounce in oil share prices provided a quick profit. Whereas THAL has the cash backing plus the potential contract win news to bring it alive again. Lst's see how it fares in the coming months.

[masurenguy] 11/10/2015 20:52

Oil Prices: Is a Major Rebound on the Horizon?

Comments by Royal Dutch Shell’s CEO and OPEC’s chief both suggest that there are signs pointing to a near-term recovery in the price of oil.

[buffythebuffoon] 08/10/2015 10:06

As Roskill says, if they get the contract great, but they are very cheap as they are.

They came up on a net cash screen I did a while back, and I took a bite. I topped up after hearing ER's talk with PP.

Buffy

[rivaldo] 07/10/2015 15:15

Indeed Mas - let's hope Edward Roskill is correct about an upcoming contract.

In the meantime we can luxuriate in the cash pile and core business - the oil price is picking up even as we speak :o))

[red army] 07/10/2015 11:45

Bought in this am as value compelling

[masurenguy] 07/10/2015 11:34

Fancy finding you here Riv - I recently took an initial position in THAL and am looking to add further on any new contractual news ! :o)

[rivaldo] 07/10/2015 11:18

Cheers darlocst, very interesting - in particular that THAL are about to hear whether they've been awarded another large Statoil-type contract.

The m/cap here is still only just above the $17.4m cash pile.

[darlocst] 05/10/2015 14:54

Tipped on this audiocast:

[janeann] 05/10/2015 14:51

well some folk are keen on these; wonder what has caused the interest?

[sailing john] 29/9/2015 08:38

Confirmed Fortress out - must have been expensive!

Buyer still to declare!

[budbear] 25/9/2015 16:20

Guess that's Fortress out now, 1.8m @ 38p

[janeann] 25/9/2015 16:06

Fortress selling more - still a lot to go tho; as for who is buying.....?

[sailing john] 25/9/2015 15:39

Large volume shifted today!

Who is selling and who is buying and when will they tell the market

No position - remains on watch

[spob] 23/9/2015 13:08

yes you can say that again LOL

No position here, just watching

[spob] 23/9/2015 09:58

Okay thanks, I guessed that

[rbonnier] 22/9/2015 22:09

WH Ireland is the Nominated Advisor and House Broker .

[spob] 22/9/2015 21:18

any connection between thalassa and whi ?

[rbonnier] 22/9/2015 17:49

W H Ireland reiterate Buy and have increased their price target from 100p to 110p .

[mr macgregor] 22/9/2015 17:12

Seems like you missed a financial three card trick. What next?

[rcturner2] 22/9/2015 15:22

Mac, the company loaned the trust money to buy the shares, presumably if they cannot pay then they will simply roll the loan over, have I missed something?

[mr macgregor] 22/9/2015 15:07

And the negative equity in the employee's benefit (sic) trust continues to grow. From memory the loans had a three year term in which case they start falling due next year. Oops.

[rbonnier] 22/9/2015 14:47

Share price collapsing as predicted not even cash at the bank can protect shareholders from losing the value of their investments in this market .The market now values thals business as zero and trades at a discount to cash at the bank ,the lower it goes now the more attractive it becomes .