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Investment company Thalassa said it had received the final balance of $4.8m related to an earn-out from Magseis Fairfield.
The company said it had now received a total of $6.0m, being a contracted earn-out following execution by former subsidiary WGP of a data-acquisition contract.
Thalassa said it remained confident that it would receive a further-earn out of $4.0m over the next few years, subject to the execution of a second data acquisition contract by WGP.
The second data-acquisition contract was related to a new North Sea oil and gas field, due to go into production in 2022
At 1:38pm: (LON:THAL) Thalassa Holdings Ltd share price was +0.5p at 72.5p