News
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EMGS – More sales from multi-client library in the Barents Sea
Electromagnetic Geoservices ASA (EMGS) has entered into two new data licensing agreements with two oil companies for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. The agreements are worth USD 4 million, net after adjustment for partner's share of revenues.
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EMGS – New sales from multi-client library in Barents Sea
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company for the provision of 3D EM data from EMGS's multi-client data library in the Barents Sea. The agreement is worth approximately USD 3 million.
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EMGS – Sales from the multi-client library in Norway
Electromagnetic Geoservices ASA (EMGS) will receive uplift revenues of USD 2.5 million related to the licensing round for mature areas on the Norwegian continental shelf - Awards in Predefined Areas (APA).
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EMGS reports fourth quarter 2014 results
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25.5 million, while multi-client sales were at USD 27.0 million this quarter. The Company had an EBITDA of USD 18.6 million and a net income of USD 15.1 million.
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EMGS – New sales from multi-client library in the Barents Sea
Electromagnetic Geoservices ASA (EMGS) has entered into a data licensing agreement with an oil company for the provision of 3D EM data related to the 23rd licensing round in the Barents Sea. The agreement is worth USD 2.5 million, before potential adjustment for partner's share of revenues.
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EMGS – Webcast details Q4 2014 results
Electromagnetic Geoservices ASA (EMGS) will release its fourth quarter 2014 results on Thursday, 5 February 2015. CEO Bjarte Bruheim and CFO Svein Knudsen will present the results from 10:00 CET at Hotel Continental, Stortingsgata 24, Oslo. Please note that the time of the presentation has changed.