Thalassa makes AIM debut

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Anthea Pitt

 29 July 2008 08:26 GMT

Services provider Thalassa Energy successfully listed on London's Alternative Investment Market today, with its market capitalisation at the placing price on admission pegged at £4.3 million ($8.5 million).

The company was admitted to trading on AIM having raised £3.1 million via a placing at £0.50 a share.



Thalassa was formed last year to operate as a service provider, later setting up its subsidiary Thalassa Energy Services to acquire and operate marine seismic systems and related equipment, including a portable modular source system (PMSS) used for life of field seismic work.

In a release, Thalassa said the net placing proceeds will be used to buy the remaining equipment required for completion of a PMS unit and for working capital.

Thalassa is…

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