SAex

SAExploration Announces New Project in Greece

Retrieved on: 
Wednesday, April 22, 2020
Internet in Africa, SAex, OTC Markets Group, International relations

HOUSTON, April 21, 2020 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (SAE) (NASDAQ: SAEX, OTCQB: SXPLW) today announced the award of a new land seismic acquisition contract in Greece.

Key Points: 
  • HOUSTON, April 21, 2020 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (SAE) (NASDAQ: SAEX, OTCQB: SXPLW) today announced the award of a new land seismic acquisition contract in Greece.
  • The project is valued at approximately $27 million and is expected to begin as soon as practical following the lifting of COVID-19 related travel restrictions in Greece.
  • The program is expected to take 90-120 days to complete once field operations have begun.
  • We are unable to predict when the COVID-19 related travel restrictions in Greece will be lifted or that other COVID-19 related restrictions will not be imposed, and when the project will commence.

SAExploration Announces $42 Million of New Projects in Offshore West Africa, and Reduction in Debt of $14.5 Million

Retrieved on: 
Thursday, January 23, 2020
Internet in Africa, SAex, OTC Markets Group, International relations

HOUSTON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced two new projects in offshore West Africa.

Key Points: 
  • HOUSTON, Jan. 23, 2020 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced two new projects in offshore West Africa.
  • The projects are valued at approximately $42 million in the aggregate and are scheduled to occur primarily during the 2nd quarter of 2020 and last approximately 71 days.
  • Services to be provided will include 3D/4D data acquisition utilizing autonomous ROV-deployed nodal recording technology in water depths up to 1,700 meters.
  • The sale of non-core assets to reduce debt has been an important tool to deliver on that priority.

SAExploration Announces $130 Million of New Projects in Alaska, Canada and Middle East

Retrieved on: 
Monday, November 18, 2019
SeaTac, Washington, OTC Markets Group, Alaska Airlines, SAex, NASDAQ, Airlines, Economy of the United States, Finance

HOUSTON, Nov. 18, 2019 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced a combined $130 million of new projects in Alaska, Canada and the Middle East.

Key Points: 
  • HOUSTON, Nov. 18, 2019 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced a combined $130 million of new projects in Alaska, Canada and the Middle East.
  • The largest contract is valued at approximately $112 million for onshore data acquisition services to be performed on the North Slope of Alaska.
  • The data acquisition services will be conducted over the next three winter seasons, beginning in Q1 2020.
  • Our backlog for the remainder of 2019 is approximately $67 million and our contracted backlog for 2020 is already at approximately $96 million.

Geospace Technologies Announces Receipt of an Order for a 30,000 Channel GCL Wireless Recording System

Retrieved on: 
Monday, November 18, 2019
Technology, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Hardware, OTC Markets Group, SAex, International relations

Geospace Technologies Corporation (NASDAQ: GEOS) today announced the receipt of an order for its GCL wireless recording system from SAExploration, Inc., a wholly-owned subsidiary of SAExploration Holdings, Inc. (NASDAQ: SAEX; OTCQB: SXPLW).

Key Points: 
  • Geospace Technologies Corporation (NASDAQ: GEOS) today announced the receipt of an order for its GCL wireless recording system from SAExploration, Inc., a wholly-owned subsidiary of SAExploration Holdings, Inc. (NASDAQ: SAEX; OTCQB: SXPLW).
  • The order is for 30,000 single-channel recording stations and related equipment.
  • Revenue on the order will be approximately $12.5 million and the company expects delivery of the system to occur in its second quarter ending March 31, 2020.
  • Examples of forward-looking statements include, among others, statements about when we expect delivery of an order to occur.

SAEX FINAL DEADLINE ALERT: Hagens Berman Alerts SAExploration Holdings (SAEX) Investors of October 17, 2019 Lead Plaintiff Deadline

Retrieved on: 
Wednesday, October 16, 2019
Civil procedure, Steve Berman, Plaintiff, Cause of action, SAex, Law, International relations

SAN FRANCISCO, Oct. 16, 2019 (GLOBE NEWSWIRE) -- Hagens Berman notifies investors in SAExploration Holdings, Inc. (NASDAQ: SAEX) of tomorrows October 17, 2019 lead plaintiff deadline to move for lead plaintiff in a federal securities class action against the company and urges SAEX investors who have suffered losses in excess of $50,000 to contact the firm.

Key Points: 
  • SAN FRANCISCO, Oct. 16, 2019 (GLOBE NEWSWIRE) -- Hagens Berman notifies investors in SAExploration Holdings, Inc. (NASDAQ: SAEX) of tomorrows October 17, 2019 lead plaintiff deadline to move for lead plaintiff in a federal securities class action against the company and urges SAEX investors who have suffered losses in excess of $50,000 to contact the firm.
  • The Complaint alleges that Defendants misled investors by concealing violations of accounting rules that required them to consolidate a controlled entitys financial statements with the Companys.
  • Since the filing of the complaint, SAEX has defaulted on certain debt agreements arising from the pending financial restatements.
  • Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.

SAEX INVESTOR REMINDER: Hagens Berman Reminds SAExploration Holdings (SAEX) Investors of Securities Fraud Class Action, Encourages Investors Who Lost $50,000+ to Contact the Firm

Retrieved on: 
Tuesday, October 8, 2019
Civil rights and liberties, Anti-corporate activism, Freedom of expression, Freedom of speech, Labour law, Political terminology, Whistleblower, Human rights, Politics by country, SAex

Since the filing of the complaint, SAEX has defaulted on certain debt agreements arising from the pending financial restatements.

Key Points: 
  • Since the filing of the complaint, SAEX has defaulted on certain debt agreements arising from the pending financial restatements.
  • Whistleblowers: Persons with non-public information regarding SAEX should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
  • Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.

SAEX CLASS ACTION REMINDER: Hagens Berman Reminds SAExploration Holdings (SAEX) Investors of Securities Fraud Class Action, Encourages Investors Who Lost $50,000+ to Contact the Firm

Retrieved on: 
Tuesday, October 1, 2019
Civil rights and liberties, Anti-corporate activism, Freedom of expression, Freedom of speech, Labour law, Political terminology, Whistleblower, Human rights, Politics by country, SAex

Since the filing of the complaint, SAEX has defaulted on certain debt agreements arising from the pending financial restatements.

Key Points: 
  • Since the filing of the complaint, SAEX has defaulted on certain debt agreements arising from the pending financial restatements.
  • Whistleblowers: Persons with non-public information regarding SAEX should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.
  • Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC.
  • Hagens Berman is a national law firm with nine offices in eight cities around the country and eighty attorneys.

SAExploration Announces New $28 Million Ocean-Bottom Marine Project Award in Asia Pacific

Retrieved on: 
Thursday, September 26, 2019
Internet in Africa, SAex, OTC Markets Group, International relations

HOUSTON, Sept. 26, 2019 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced a new shallow-water ocean-bottom marine project award in the Asia Pacific region for a major national oil company valued at approximately $28 million.

Key Points: 
  • HOUSTON, Sept. 26, 2019 (GLOBE NEWSWIRE) -- SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced a new shallow-water ocean-bottom marine project award in the Asia Pacific region for a major national oil company valued at approximately $28 million.
  • Services to be provided will include data acquisition utilizing ROV-deployed autonomous nodal recording technology in water depths up to 60 meters.
  • The project is expected to last approximately 55 days and will occur primarily during the fourth quarter of 2019.
  • SAE is an international oilfield services company offering a full range of vertically-integrated seismic data acquisition, data processing and interpretation, and logistical support services throughout North America, South America, Asia Pacific, Africa and the Middle East.

SAEX CLASS ACTION REMINDER: Hagens Berman Reminds SAEX Investors of October 17, 2019 Lead Plaintiff Deadline, Investors With $50,000+ Losses Should Contact Firm

Retrieved on: 
Wednesday, September 4, 2019
Politics by country, Anti-corporate activism, Freedom of expression, Freedom of speech, Labour law, Political terminology, Whistleblower, Steve Berman, SAex, Restatements of the Law, Human rights, Hagens

On August 22, 2019, SAEX announced it notified creditors of SAEXs default on certain debt agreements arising from pending financial restatements.

Key Points: 
  • On August 22, 2019, SAEX announced it notified creditors of SAEXs default on certain debt agreements arising from pending financial restatements.
  • Were focused on investors losses and whether SAEXs management was cooking the books, said Hagens Berman partner Reed Kathrein.
  • Whistleblowers: Persons with non-public information regarding SAEX should consider their options to help in the investigation or take advantage of the SEC Whistleblower program.
  • Hagens Berman is a national law with nine offices in eight cities around the country and eighty attorneys.

Hagens Berman Investigating SAExploration Holdings (SAEX): Earnings Restatements, SEC Investigation, and Senior Executives Fired

Retrieved on: 
Monday, August 19, 2019
Steve Berman, SAex, Hagens, International relations

SAEX also announced that its Board had established a Special Committee to conduct an internal investigation into the matter as well.

Key Points: 
  • SAEX also announced that its Board had established a Special Committee to conduct an internal investigation into the matter as well.
  • Finally, the Company announced that it had placed CEO Jeffrey Hastings on administrative leave, and had fired CFO and General Counsel Brent Whitely.
  • Were focused on investors losses and whether SAEXs management was cooking the books, said Hagens Berman partner Reed Kathrein.
  • Hagens Berman is a national law with nine offices in eight cities around the country and eighty attorneys.