Thalassa Holdings Ltd. provided revenue guidance for the year 2012. The company announced that contracted revenues for 2012 are now around $15 million. The Board of Thalassa confirmed that BP Valhall: the Life of Field Seismic survey 15 is currently underway and expected to complete by the end of June 2012, 2012 Arctic Operations: work has commenced on the major turnkey contract to provide seismic data acquisition in the Arctic which was signed with State Sevmorgeo Company in Russia, P-Cable Joint Venture: the P-Cable joint venture has now been signed and the first contract secured, and PRM Consultancy: the permanent reservoir monitoring feasibility studies are underway with the hope of securing more contracts next year.