News
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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.
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EMGS – Board of Directors proposes rights issue and amendments to bond terms
The Board of Directors of Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has resolved to call for an extraordinary general meeting (the “EGM”) in order to propose to the shareholders of the Company to increase the share capital through the issuance of new shares with preferential and tradable subscription rights for the shareholders with minimum gross proceeds of NOK 214 million (equivalent to ~USD 25 million) and maximum gross proceeds of NOK 278 million (equivalent to ~USD 32.5 million) (the “Rights Issue”).
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EMGS – Letter of Award in India
Electromagnetic Geoservices ASA (EMGS) is pleased to announce that the Company has signed a letter of award with a repeat customer in India worth approximately USD 15.3 million.
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EMGS – Vessel update and activity for the third quarter 2015
Electromagnetic Geoservices ASA (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 contracted or multi-client data acquisition.