MGS reports third quarter 2019 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the third quarter of 2019 are attached.

EMGS – Vessel update and activity for the third 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.

EMGS in the spotlight

First CSEM survey in the Walvis Basin picked up in the Namibian Press

Proprietary acquisition for Nabirm Global LLC

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that it has been awarded a contract from Nabirm Global LLC (“Nabirm”) for a proprietary 3D CSEM survey over Block 2113A, Petroleum Exploration License (PEL 0058) in the Walvis Basin offshore Namibia. The contract value is in excess of USD 1 million.

EMGS reports second quarter 2019 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the second quarter of 2019 are attached.

EMGS – Invitation to presentation of second quarter 2019 results

Electromagnetic Geoservices ASA (EMGS) will release its second quarter 2019 results on Thursday 25 July 2019. CEO Bjørn Petter Lindhom and CFO Hege Veiseth will present the results from 10:00 CET.