Thalassa sees WGP Group's North Sea operations beginning in April

Shares in Thalassa are up more than 3% after it said advanced preparation of mobilisation for WGP Group Ltd's North Sea projects in spring 2017 was now well underway, with operations expected to begin as scheduled in April.

"Further to last December's revenue outlook for 2017, the board (of Thalassa) anticipates that WGP revenue from seismic operations will be between $15 and $16 million, up between 30% and 40% as compared to corresponding estimated revenue of $11.6 million for 2016," it said.

Thalassa said estimates assumed no cancellations or significant adverse weather conditions.

At 14:02 GMT, shares in AIM-listed Thalassa were up 3.15% to 65.5p each.