News
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Completion of Rights Issue in Electromagnetic Geoservices ASA
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EMGS reports multi-client sales from its library in Brazil
Electromagnetic Geoservices ASA (EMGS) is happy to announce that the Company has entered into a data licensing agreement with an international oil company for the provision of 3D EM data from the multi-client data library over the Foz de Amazonas and Ceara basin in Brazil worth a total of USD 4.1 million.
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Approved Prospectus and commencement of Subscription Period
The Financial Supervisory Authority of Norway has approved a prospectus (the “Prospectus”) covering the issue and listing of 1,112,000,000 new shares in Electromagnetic Geoservices ASA (“EMGS” or the “Company”) with tradable subscription rights for existing shareholders of the Company as per the end of 26 November 2015 (the “Rights Issue”).
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How CSEM technology can impact exploration investment decisions
In the November edition of AAPG Explorer, Daniel Zweidler, Daniel Baltar and Neville Barker analyze the potential impact of controlled-source electromagnetic (CSEM) information on exploration investment decisions.
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The Board of EMGS appoints Christiaan A. Vermeijden as new CEO
The Board of Directors of Electromagnetic Geoservices ASA (EMGS) has appointed Christiaan A. Vermeijden as new Chief Executive Officer (CEO).
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EMGS reports third quarter 2015 results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 16.3 million in the third quarter 2015, up from 12.1 million in the previous quarter and down from USD 41.7 million in the corresponding quarter in 2014.