EMGS reports multi-client revenue

Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into multi-client licensing agreements related to its multi-client library in Norway.

Update on Survey in South America

Reference is made to the stock exchange notifications published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on, respectively, 19 and 26 October 2018, regarding an acquisition in South America for an undisclosed customer.

EMGS reports third quarter 2018 results

Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 6.0 million in the third quarter 2018, down from USD 10.7 million in the third quarter 2017 and down from USD 7.9 million in the second quarter 2018. Contract sales and other revenues totalled USD 1.3 million, while multi-client sales amounted to USD 4.7 million in the third quarter 2018.

EMGS Mobilises Vessel for Potential Acquisition Contract

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is currently engaged in the final stages of a contractual exchange for a proprietary data acquisition survey with an undisclosed customer.

EMGS – Vessel update and activity for the third quarter 2018

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.

Career opportunity: Business Unit President

Would you like to join us taking EM Technology out globally? Are you passionate about exploration? Would you like to make a difference to exploration in the whole of the EMEA Region? Then you could be our new Business Unit President EMEA based out of Oslo.