OMNI Energy to consider strategic alternatives; retains financial advisers

By Lisa Kerner

Charlotte, N.C., April 30 - OMNI Energy Corp. said it retained Citi to assist it in exploring strategic and financial alternatives to create additional shareholder value.

"After considering various factors, including OMNI's continued strong performance, scope for continued industry consolidation and the company's leadership position in certain niche business sectors, the board of directors has determined that now is an appropriate time to evaluate the full range of strategic and financial alternatives," chairman of the board and chief executive officer James C. Eckert said in a company news release.

"The company does not plan to provide any updates on its decision to pursue strategic alternatives until material agreements, if any, are executed."

Carencro, La.-based OMNI Energy Services provides integrated services to geophysical companies engaged in the acquisition of on-shore seismic data and to oil and gas companies operating primarily in the Gulf of Mexico.

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