Polarcus Samur to Commence Charter in Namibia

Polarcus announced that Polarcus Samur Ltd, a member of the Polarcus Group, took delivery on March 2, 2011 of Polarcus Samur, the fourth 3D seismic vessel to date to join the Polarcus fleet. The vessel was built at Drydocks World - Dubai in the United Arab Emirates and is transiting directly to Namibia to commence a charter for HRT Participações em Petróleo S.A. and UNX Energy Corp.

Polarcus Samur is an ultra-modern and Arctic-ready 8 streamer 3D seismic vessel of the ULSTEIN SX133 design capable of towing both conventional and wide tow spreads, including the Company's First Pass(TM) 3D technique. The SX133 design has an overall
length of 84.2m and a beam of 17m. POLARCUS SAMUR has a maximum speed of 17 knots and is capable of deploying up to 8 streamers each of 6,000m length, or 6 streamers each of 8,000m length, with lateral streamer separations of between 25 and 200 meters.