EMGS first quarter 2019 presentation – link to webcast

Link to webcast

EMGS – Presentation of first quarter 2019 results

Electromagnetic Geoservices ASA (EMGS) will release its first quarter 2019 results on Thursday 09 May 2019. CEO Bjørn Petter Lindhom and CFO Hege Veiseth will present the results from 10:00 CET.

Board of directors approves audited financial statements and annual report for 2018

The board of directors of Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has today approved EMGS’ 2018 annual financial statements and annual report.

EMGS receives Letter of Award

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 28 March 2019, wherein the Company announced that it is participating in a sole-sourced tender process for a multi-year acquisition contract.

EMGS secures second guarantee facility

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that it has secured a second guarantee facility, to supplement the Company’s existing USD 10 million guarantee facility. The new guarantee facility (the “New Facility”) has a maximum limit of USD 7.5 million and is limited in scope to providing certain performance and warranty guarantees required under the multi-year acquisition contract which the Company, as announced in the stock exchange notification published 23 April 2019, has received a letter of award for.

Vessel update and activity for the first 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.