| Ticker: TDGO | 7076 South Alton Way, Building H | |
| Exchange: NASDAQ-National Market | Englewood, Colorado 80112 | |
| Industry: Natural Resources | (303) 843-0789 |
| Type of Shares: | Common Shares | Filing Date: | 11/13/95 | |
| U.S. Shares: | 4,000,000 | Offer Date: | 2/6/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $7.50 - $9.50 | |
| Primary Shares: | 4,000,000 | Offer Price: | $7.50 | |
| Secondary Shares: | 0 | Gross Spread: | $0.52 | |
| Offering Amount: | $34,000,000 | Selling: | $0.26 | |
| Expenses: | $2,010,000 | Reallowance: | $0.10 | |
| Shares Out After: | 7,000,000 |
| Manager | Tier | Phone |
| Rauscher Pierce Refsnes, Inc. | Lead Manager | (214) 978-5491 |
| Simmons & Company | Co-manager | (713) 223-7840 |
| Auditor: Coopers & Lybrand | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/94 | 9/30/95 | 9/30/94 | 9/30/95 | ||
| Revenue: | $17.66 | $7.16 | $12.49 | Assets: | $5.06 |
| Net Income: | $1.58 | $1.35 | $1.57 | Liabilities: | $2.95 |
| EPS: | $0.66 | $0.15 | $0.35 | Equity: | $2.11 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company was founded through a consolidation of land-based seismic data acquisition businesses in the U.S. and Mexico. Although the company has conducted no operations to date, it has entered into agreements to acquire four established seismic data acquisition businesses. These businesses provide two-dimensional and three-dimensional seismic data acquisition services to oil and gas exploration and production companies in the United States and Mexico. The company believes after the acquisitions, it will be the second largest land-based seismic data acquisition provider in the United States and Mexico. Seismic data is the principal source of information used by geoscientists to map potential oil and gas bearing formations and the geologic structures that surround them. Seismic data is acquired over a wide area by directing sound waves into the earth and measuring the response as these sound waves reflect off subsurface geologic formations. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to finance the cash portion of the acquisition of seismic data companies, for debt repayment, repayment of capital lease obligations, the expansion of existing 3-D seismic survey capacity and convert 2-D crews to 3-D capability, for working capital and for general corporate purposes. |
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