August 2015

• Stig Eide Sivertsen appointed CEO of EMGS

  Bjarte Bruheim has decided to step down as Chief Executive Officer of Electromagnetic Geoservices ASA with immediate effect. He has held this position since 7 January 2015, and before that, he held the position as the company's executive chairman since 2004. The board of directors wishes to express its gratitude to Bjarte Bruheim for his valuable contribution to the company through many years.

• EMGS reports second quarter 2015 results

  Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 12.1 million in the second quarter 2015, down from 32.3 million in the previous quarter and from USD 42.5 million in the second quarter 2014. Contract sales ended at USD 4.8 million, while sales from the multi-client library ended at USD 7.3 million.

• EMGS reports multi-client sales from Barents Sea and Norwegian Sea

  EMGS has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library over the Barents Sea and the Norwegian Sea worth USD 1.6 million.

• Presentation and webcast of second quarter 2015 results

  Electromagnetic Geoservices ASA (EMGS) will release its second quarter 2015 results on Thursday, 20 August 2015.

• EMGS reports multi-client sales from its Barents Sea library

  Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company has entered into a new data licensing agreement with an oil company for the provision of 3D EM data from the multi-client data library over the Barents Sea worth USD 3.3 million, whereas EMGS will receive USD 1.7 million net after adjustment for partner's share of revenues.