Dawson Geophysical (DWSN) to Boost GSX, GSR Channels by 20% w/ New Order

December 27, 2012 4:32 PM EST
Dawson Geophysical Company (Nasdaq: DWSN) has placed an order for 12,000 channels of the Geospace single-channel GSX cable-less recording equipment. The 12,000 channels will replace an RSR recording system on one of the Company's existing data acquisition crews. The Company expects to complete the purchase and take delivery by December 31, 2012, the end of its first quarter of fiscal 2013. Upon delivery the Company will own in excess of 73,000 channels of GSR and GSX equipment and 179,000 channels total.

In addition, the Company is in the process of taking delivery of ten INOVA AHV IV 364 vibrator energy source units. The ten vibrator energy source units will replace a set of energy source units on an existing crew. Upon full delivery, the Company will own 179 vibrator energy source units.

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