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Dawson Geophysical Company Makes Announcement.


HOUSTON--(BUSINESS WIRE)--Sept. 13, 1999--

Dawson Geophysical ge·o·phys·ics  
n. (used with a sing. verb)
The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology.
 Company (Nasdaq:DWSN DWSN Dandy-Walker Syndrome Network ), a Midland, Texas-based provider of 3-D reflection seismograph services to the petroleum industry since 1952, reported increased demand for services from previously depressed levels of utilization. The Company is operating four of its six vibrator-source 3-D data acquisition crews on contracts extending through the remainder of calendar 1999.

This gratifying grat·i·fy  
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies
1. To please or satisfy: His achievement gratified his father. See Synonyms at please.

2.
 turnaround from only one crew operating earlier in the year is due to much improved prices for crude oil and natural gas produced by the Company's clients. However, fiercely competitive bidding Competitive bidding

A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell.


competitive bidding

1.
 for current seismic surveys continues with little relief in sight. Consequently, the Company expects that its operations will remain unprofitable until such time as the geophysical contracting industry as a whole becomes more fully utilized. Although unprofitable, the Company believes that its operations will continue to be cash flow positive.

This press release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 that are based on current expectations subject to various risks and uncertainties that could cause the Company's actual results to differ materially from those included in the forward-looking statements. Although the Company believes its expectations are based on reasonable assumptions, it can give no assurance that these expectations will prove correct. Factors that could cause actual results to differ materially from those contained in the forward-looking statements include, but are not limited to, those relating to relating to relate prepconcernant

relating to relate prepbezüglich +gen, mit Bezug auf +acc 
 weather interruptions, permit delays, as well as other risks discussed in the Company's Securities and Exchange Commission filings.
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Publication:Business Wire
Date:Sep 13, 1999
Words:242
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