Executive Summary

Thalass Holdings Ltd (formerly Thalassa Energy Ltd) is a BVI business company, incorporated and registered in the BVI on 26 September 2007. The Company was established as a holding company, and currently has one operating subsidiary, Thalassa Energy Services Ltd. (TESL), which was established to acquire marine seismic equipment, specifically a Portable Modular Source System (PMSS*). The PMSS* is equipment which can be installed on a vessel in order to provide the seismic (sound) source to allow E&P companies to perform reservoir monitoring.

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