Letter of intent regarding contract - Sense EDM AS 09.05.2007

In accordance with statement sent to Oslo Stock Exchange 30 April 2007, TTS has signed an agreement to purchase all shares of the company Sense EDM AB based on take-over within 25 May 2007.

The drilling technology company Sense EDM AS has signed a letter of intent regarding delivery of a larger offshore drill package. The contract might be signed within a month.

 

Bergen 09 May 2007

 

Contact persons:

President & CEO Johannes D. Neteland, TTS Marine ASA    
Tel:+47 55 94 74 02  Mobile: +47 918 46 906
E-post: johannes.neteland@tts-marine.no


Managing Director Tom Fedog, Sense EDM AS
Tel: +47 38 00 05 70  Mobile: +47 91 56 62 62
E-post: tom.fedog@sense-edm.com


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