TGS ASA (OSTO:TGSo)

kr 113.4 3.3 (3%) Market Cap: 21.70 Bil Enterprise Value: 29.17 Bil PE Ratio: 41.58 PB Ratio: 0.99 GF Score: 84/100

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TGS NOPEC Geophysical Company ASA to Acquire Spectrum ASA Conference Call Transcript
May 03, 2019

TGS NOPEC Geophysical Company ASA to Acquire Spectrum ASA Conference Call Transcript

May 03, 2019 / 12:00PM GMT

Release Date Price: kr239.8 (+8.51%)

Transcript

Operator

Ladies and gentlemen, welcome to the TGS and Spectrum conference. (Operator Instructions) Today, I am pleased to present Kristian Johansen. Please begin your meeting.

Kristian Kuvaas Johansen

TGS-NOPEC Geophysical Company ASA - CEO

Thank you. Good afternoon and welcome to this joint press conference with TGS and Spectrum. My name is Kristian Johansen, I'm the CEO of TGS. And with me today I have Rune Eng, the CEO of Spectrum.

Last night, it was announced the TGS has entered into an agreement to acquire Spectrum to create the leading provider of 2D and 3D seismic data. I guess most of you have read the press release including a detailed description of terms and structure already, so the main focus of this call will be on the strategic drivers and opportunities we see as a combined company. So we're going to split the call into 2 main sections. We will start with a presentation and then we open up for Q&A session afterwards.

First, let me just give you some initial comments on the deal. We are very excited about announcing this transaction

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