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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (12681)	10/8/1998 1:20:00 AM
From: Kerm Yerman	Read Replies (7) of 15196

CORP NOTICE / Omni Energy Services Anticipates Hurricane-Related Earnings Decline CARENCRO, La., Oct. 7 /CNW/ -- OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), today announced it does not expect to achieve the published analysts' estimates of revenue and earnings for the quarter ended September 30, 1998. The revenue shortfall, which will approximate $5 million, is primarily attributable to the tropical storms and hurricanes experienced on the Gulf Coast in August and September and is further exacerbated by the current softness in the energy service markets. Due to the lower sales estimates and additional operating costs related to the aforementioned weather conditions, the Company's earnings will be substantially less than previous estimates. Headquartered in Carencro, La., OMNI provides a broad range of integrated services to both geophysical and exploration and production companies engaged in the acquisition of on-shore seismic data. The Company provides its services through three business units: Seismic Drilling, Seismic Survey and Helicopter Support. OMNI specializes in operations in logistically difficult and environmentally sensitive terrain worldwide.

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