CHC Awarded Contracts in Southeast Asia.Energy Editors/Business Editors ST. JOHN'S, Newfoundland and Labrador--(BUSINESS WIRE)--Aug. 13, 2003 CHC Helicopter CHC Helicopter Corporation (sometimes known as Canadian Helicopter Corporation, Canadian Helicopters or Hélicoptères Canadiens) (TSX: FLY.SV.A TSX: FLY.MV.B NYSE: FLI) is the world’s largest global commercial helicopter operator. Corporation ("CHC CHC Chicago Cubs CHC Community Health Center CHC Chestnut Hill College (Philadelphia, Pennsylvania) CHC Congressional Hispanic Caucus CHC Community Health Council (UK National Health Service) ") (NYSE NYSE See: New York Stock Exchange :FLI FLI - Flash Lights Impressively. ) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :FLY.A) (TSX:FLY.B) announced today that its operating division CHC Helicopters International has been awarded a five-year contract renewal with Total Exploration and Production Company in Southeast Asia for the provision of one dedicated Sikorsky S76A++ helicopter. The contract, awarded after a competitive bid process, will generate anticipated revenue of approximately CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $18.8 million over the five-year period. CHC has worked successfully with Total in Southeast Asia for the past ten years. Additionally, CHC has been awarded new work in Southeast Asia with anticipated revenues of approximately CDN$5.3 million over one year. The new work comprises a short-term contract with Daewoo International Corporation, and a 12-month contract expansion with Premier Petroleum. Both projects utilize existing aircraft from CHC's Southeast Asia fleet. CHC Helicopter Corporation is the world's leading provider of heavy and medium helicopter services to the global offshore oil and gas industry, with aircraft operating in 23 countries and a team of approximately 2,500 professionals worldwide. If you wish to be added to, or removed from, the Company's distribution list, please contact Paula Kieley at 709-570-0594 or e-mail: pkieley@stjohns.chc.ca. This press release analysis may contain projections and other forward-looking statements within the meaning of the "safe harbour" provision of the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. While these projections and other statements represent our best current judgement, they are subject to risks and uncertainties that could cause actual results to vary. These statements may involve risks and uncertainties including, but not limited to, factors detailed in CHC's Annual Report on Form 20-F and in other filings with the United States SEC. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. |
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