SAExploration wins new project contracts worth $74 million

SAExploration Holdings Inc.

SAExploration Holdings Inc. (NASDAQ:SAEX) (OTCBB:SAEXW) has a new project award for logistical support and seismic data acquisition services in Alaska, along with three new project awards for similar services in South America, with an aggregate value of $74 million.

SAE plans to initiate operations on the new project in Alaska during the first half of 2015. This new project award, together with the previously disclosed Alaska project award for 2015 announced by the company in the fourth quarter of 2013, means that SAE has already secured $56 million of Alaska projects for 2015. The new projects in South America will start in the third quarter of 2014 and will focus on acquiring 2D seismic data in dense jungle rainforest environments.

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