0001181431-12-058577.txt : 20121114 0001181431-12-058577.hdr.sgml : 20121114 20121114162533 ACCESSION NUMBER: 0001181431-12-058577 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20121114 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GEOSPACE TECHNOLOGIES CORP CENTRAL INDEX KEY: 0001001115 STANDARD INDUSTRIAL CLASSIFICATION: MEASURING & CONTROLLING DEVICES, NEC [3829] IRS NUMBER: 760447780 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13601 FILM NUMBER: 121204955 BUSINESS ADDRESS: STREET 1: 7007 PINEMONT DR. CITY: HOUSTON STATE: TX ZIP: 77040 BUSINESS PHONE: 7139864444 MAIL ADDRESS: STREET 1: 7007 PINEMONT DR. CITY: HOUSTON STATE: TX ZIP: 77040 FORMER COMPANY: FORMER CONFORMED NAME: OYO GEOSPACE CORP DATE OF NAME CHANGE: 19950919 8-K 1 rrd360383.htm STATOIL SIGNING PRESS RELEASE Prepared By R.R. Donnelley Financial -- Form 8-K
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
Form 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):  11/14/2012
 
GEOSPACE TECHNOLOGIES CORPORATION
(Exact name of registrant as specified in its charter)
 
Commission File Number:  001-13601
 
DE
  
76-0447780
(State or other jurisdiction of
  
(IRS Employer
incorporation)
  
Identification No.)
 
7007 Pinemont Drive, Houston, TX 77040
(Address of principal executive offices, including zip code)
 
(713) 986-4444
(Registrant’s telephone number, including area code)
 
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 

 
Item 8.01.    Other Events
 
On November 14, 2012, Geospace Technologies Corporation issued a press release announcing the formal execution of its agreement with Statoil to provide 660 kilometers of seabed seismic reservoir monitoring systems for the Snorre and Grane fields on the Norwegian continental shelf. The press release is attached hereto as Exhibit 99.1. The foregoing description is qualified by reference in its entirety to such exhibit.
 
 
Item 9.01.    Financial Statements and Exhibits
 
Exhibit 99.1 Press Release dated November 14, 2012.
 

 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
           
OYO GEOSPACE CORPORATION
 
 
Date: November 14, 2012
     
By:
 
/s/    Thomas T. McEntire
               
Thomas T. McEntire
               
Vice President, Chief Financial Officer and Secretary
 
 

 

EXHIBIT INDEX
 
Exhibit No.
  
Description
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M\&['A_7/&L?C/]HOXE>+_CCXK*J&@N;VX@LE4#_522O(]U,JMRNV2%,<&,@X MK]#?`?@#0OA;X1L?#_AG1M*\/:%IG:;:I:VMJF2=J1H`JC))X'4D]ZU MZ*^;S#-\9CFOK,VTMELEZ)62^X^@P.5X7!IK#PLWN]V_5O5A1117FG>%%%%` M!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`%%%%`!1110`4444`? "_]D_ ` end EX-99 3 rrd360383_38788.htm STATOIL SIGNING PRESS RELEASE

NEWS RELEASE

7007 Pinemont Drive

Houston, TX 77040 USA

Contact: Gary D. Owens

Chairman, President and CEO

TEL: 713.986.4444

FAX: 713.986.4445

FOR IMMEDIATE RELEASE

GEOSPACE TECHNOLOGIES CORPORATION ANNOUNCES FORMAL SIGNING OF CONTRACT FOR SEABED SEISMIC SYSTEM

Houston, Texas - November 14, 2012 - Geospace Technologies Corporation (NASDAQ: GEOS) today announced that the company and Statoil have formally executed the definitive agreement for the company to provide 660 kilometers of seabed seismic reservoir monitoring systems for the Snorre and Grane fields on the Norwegian continental shelf. The final contract value is approximately $160 million and requires the systems to be delivered at various intervals extending into fiscal year 2015.

Utilizing the percentage of completion revenue recognition method, the company presently estimates that it will recognize approximately 45%, 40% and 15% of the contract's revenues in fiscal years 2013, 2014 and 2015, respectively. The company will update its revenue recognition guidance throughout the contractual period as conditions change.

Geospace Technologies Corporation designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities. The company also designs and manufactures non-seismic products, including industrial products, offshore cables, thermal printing equipment and film.

This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included herein including statements regarding potential future products and markets, our potential future revenues, future financial position, business strategy, future expectations and other plans and objectives for future operations, are forward-looking statements. We believe our forward-looking statements are reasonable. However, they are based on certain assumptions about our industry and our business that may in the future prove to be inaccurate. Important factors that could cause actual results to differ materially from our expectations include the level of seismic exploration worldwide, which is influenced primarily by prevailing prices for oil and gas, the extent to which our new products are accepted in the market, the availability of competitive products that may be more technologically advanced or otherwise preferable to our products, tensions in the Middle East and other factors disclosed under the heading "Risk Factors" and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission. Further, all written and verbal forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such factors.