News
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EMGS – Provisional agreement
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that a customer and the Company have reached a provisional agreement worth approximately USD 8 million.
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EMGS – Invitation to presentation of third quarter 2016 results
Electromagnetic Geoservices ASA (EMGS) will release its third quarter 2016 results on Thursday 3 November 2016. CEO Christiaan Vermeijden and CFO Hege Veiseth will present the results from 10:00 CET at the Company's premises in Dronning Mauds gate 15 in Oslo.
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EMGS reports a sale from its multi-client library in the Barents Sea, Norway
Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into a data licensing agreement for the provision of 3D CSEM data from the multi-client data library in the Barents Sea providing net revenue of USD 1 million to EMGS. The revenue will be recognised in the fourth quarter of 2016.
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EMGS to reduce the global employee expenses
Electromagnetic Geoservices ASA (EMGS) announces a reduction in the Company's cost base in line with a reduced level of activity.
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EMGS reports prefunding for multi-client acquisition in Norway
Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered into a data licensing agreement with a repeat customer for 3D EM data to be acquired over the Hoop area in the Barents Sea. The pre-funding amounts to USD 1 million.
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EMGS reports second quarter 2016 results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 15.1 million in the second quarter 2016, up from USD 12.1 million in the second quarter 2015 and from USD 13.0 million in the first quarter 2016.