EMGS reports first quarter 2020 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the first quarter of 2020 are attached.

Board of directors approves audited financial statements and annual report for 2019

The board of directors of Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has today approved EMGS’ 2019 annual financial statements and annual report.

EMGS – Invitation to presentation of first quarter 2020 results

Electromagnetic Geoservices ASA (EMGS) will release its first quarter 2020 results on Thursday 07 May 2020. CEO Bjørn Petter Lindhom and CFO Anders Eimstad will present the results from 10:00 CEST.

EMGS presents its results for the first quarter of 2020 on Thursday 07 May

Link to webcast

EMGS reports multi-client revenue

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has entered into a late-sales multi-client licensing agreement related to its multi-client library in Norway. The net revenue to EMGS under the agreement is approximately USD 1.7 million.

Vessel update and activity for the first quarter 2020

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.