LONDON (ShareCast) - After ‘significant’ progress on current contracts, oil exploration services provider Thalassa has expressed its confidence in beating market expectations for the full year.

Furthermore, management said they were “increasingly optimistic” about winning a record level of contracts in 2014.

The group’s main operating business, which carries out marine seismic surveys for oil exploration companies, was revealed to have made “significant progress in fulfilling its obligations under customer contracts” in the six weeks since interim results were announced on July 30th.

As a result, the directors said if trading continued as expected for the rest of the year, then full-year performance would “significantly exceed market expectations”.

Moreover the board divulged their increasing optimism about the company's ability to convert “a record level of enquiries into increased revenue” next year and beyond.

Shares in Thalassa swelled 25.3% to 242.5p at 12:31 on Thursday.

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