Polarcus 2008 Annual Report

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Po-lar-cus n.

(pō-lăr’kus)

[from the Latin polus, pole and arcus, bow, a curved structure.] Polarcus is a pure play marine geophysical company with a pioneering environmental agenda, specializing in highend towed streamer acquisition from pole to pole. The vision is to become a pioneer in an industry whereby the frontiers of seismic exploration are responsibly expanded without harm to the world.

With an initial fleet operation of four high-end 12 streamer 3D vessels and two multipurpose wide-tow 6 streamer 3D / Source vessels, the Company is initially focusing it’s marketing efforts in the “contract market” and will later also develop a strategy to enter into the “non exclusive” or “multi client” market.

The Company is building six ultra-modern 3D seismic research vessels which will operate worldwide providing best-in-class marine seismic services to the oil and gas industry.

The Company will also place a special focus on the Arctic in keeping with the Company’s strategy to responsibly pursue frontier opportunities, seeking contracts for operations within this region.

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