Mitcham Industries Inc Q2 2015 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Veny Aleksandrov - FIG Partners - Analyst : I hope that Bill is back soon, I wish him all the best.

Question: Veny Aleksandrov - FIG Partners - Analyst : I hope -- yes, I hope he is back this week. Back to the question, sorry, in terms of Colombia I remember that there was this permitting issue where every operator and every service company had to do the permitting by themselves. But then it kind of got resolved, are we back to the same scenario, is this why we have the permitting challenges?

Question: Veny Aleksandrov - FIG Partners - Analyst : Okay, and then when you talk about Marine, the softness expected to continue through the end of the year, but can you give us your take on the long-term picture? When are we going to get out of the down cycle? When is capacity going to be exhausted and (multiple speakers)?

Question: Veny Aleksandrov - FIG Partners - Analyst : Okay and I will requeue but I missed when you said how many more systems you have, what's your backlog to the end of the year? I think you mentioned it on the call and I missed it.

Question: Veny Aleksandrov - FIG Partners - Analyst : Okay, but you have additional systems scheduled for delivery between now and the [end of the year]? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 04, 2014 / 1:00PM, MIND.OQ - Q2 2015 Mitcham Industries Inc Earnings Call

Question: Veny Aleksandrov - FIG Partners - Analyst : Okay, thank you and I will requeue. Thanks.

Question: Tyson Bauer - Kansas City Capital Associates - Analyst : A quick question, in lieu of the importance of Canada and what that means later in your fiscal year, when do you think we will have better clarity and do you have contingency plans where you can move systems or channels to other areas of strength like Eastern Europe, those type of places? Give us your philosophy and how you guys are going to have contingency plans in place if we don't have a strengthening of the Canadian and Alaskan markets.

Question: Tyson Bauer - Kansas City Capital Associates - Analyst : We've seen in years past where one large US contract can swing a quarter. Any indications on this -- the reference US contract that's pending, the size of that contract?

Question: Tyson Bauer - Kansas City Capital Associates - Analyst : Okay so you have a PO in hand it's just (inaudible) winning award? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 04, 2014 / 1:00PM, MIND.OQ - Q2 2015 Mitcham Industries Inc Earnings Call

Question: Tyson Bauer - Kansas City Capital Associates - Analyst : Good, thank you, gentlemen.

Question: Veny Aleksandrov - FIG Partners - Analyst : On the downhole business you mentioned that everything is going well. Do you need more equipment or are you good for now with what you have?

Question: Veny Aleksandrov - FIG Partners - Analyst : Okay and the Chinese office, is it up and running?

Question: Veny Aleksandrov - FIG Partners - Analyst : Thank you. And my last question, we heard from a lot of the seismic guys in the space that clients are asking for wireless equipment, do you see the same trend?

Question: Veny Aleksandrov - FIG Partners - Analyst : Yes.

Question: Veny Aleksandrov - FIG Partners - Analyst : Thank you, I appreciate it. And please give my regards to Bill.