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.
The Company has now received a purchase order from the customer for the survey. The total value of the purchase order is approximately USD 8.2 million.
Subject to inter alia all necessary governmental permits, EMGS expects to commence the survey as soon as practicable possible after the vessel arrives in the area of operations.
Hege Veiseth, CFO, +47 99 21 67 43