EMGS Mobilises Vessel for Potential Acquisition Contract
Electromagnetic Geoservices ASA ("EMGS" or the "Company") is currently engaged in the final stages of a contractual exchange for a proprietary data acquisition survey with an undisclosed customer.
EMGS – Vessel update and activity for the third quarter 2018
Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on proprietary or multi-client data acquisition. Downtime (technical or maritime), mobilisation, steaming, and some standby activities are not included in the utilisation rate.