TGC Industries Announces Deployment of Fifth Field Acquisition Crew
PR Newswire - November 01, 2005 06:00
PLANO, Texas, Nov 01, 2005 /PRNewswire-FirstCall via COMTEX/ -- TGC Industries, Inc. (Amex: TGE) today announced that due to continued strong demand for its 3-D seismic services, the Company has secured a sufficient number of additional contracts to deploy its fifth seismic crew, which is operational as of today. The Company recently purchased its third ARAM ARIES recording system, which will be deployed with this latest crew.
Wayne Whitener, President and CEO of TGC Industries, stated, "We are pleased to be on track in the fielding of this new seismic crew. Oil and gas companies continue to experience higher levels of activity in their domestic oil and gas exploration programs, and demand for domestic 3-D seismic crews remains strong. With the recent purchase of our third ARAM ARIES recording system, we continue to optimize our equipment and the productivity of our crews, which should enable us to continue to fulfill our customers' needs."
TGC Industries, Inc., based in Plano, Texas, is one of the leading providers of seismic data acquisition services throughout the continental United States.
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements are based on our current expectations and projections about future events. All statements other than statements of historical fact included in this press release regarding the Company are forward looking statements. There can be no assurance that those expectations and projections will prove to be correct.
CONTACTS: Wayne Whitener
Chief Executive Officer
TGC Industries
(972) 881-1099
Jack Lascar, Partner
Karen Roan, SVP
DRG&E (713) 529-6600
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