EMGS – Change of CFO
CFO of Electromagnetic Geoservices ASA (“EMGS” or the “Company”), Hege Veiseth, has resigned her position with the Company to pursue new challenges as CFO of Polaris Media ASA. Ms Veiseth joined EMGS in 2007 and has served as CFO since 2016.
EMGS third quarter 2019 presentation – link to webcast
Link to webcast
MGS reports third quarter 2019 results
Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the third quarter of 2019 are attached.
EMGS – Vessel update and activity for the third quarter 2019
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.
EMGS in the spotlight
First CSEM survey in the Walvis Basin picked up in the Namibian Press
Proprietary acquisition for Nabirm Global LLC
Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that it has been awarded a contract from Nabirm Global LLC (“Nabirm”) for a proprietary 3D CSEM survey over Block 2113A, Petroleum Exploration License (PEL 0058) in the Walvis Basin offshore Namibia. The contract value is in excess of USD 1 million.