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Electromagnetic Geoservices ASA (EMGS.OL)

1.9600

-0.0300

(-1.51%)

At close: 4:25:08 PM GMT+2

EMGS Receives Contract Related to Previously Announced Letter of Award for Survey in India

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 15 January 2025 wherein EMGS announced that the Company had received a Letter of Award for a CSEM survey in India. The Company is pleased to announce that the final contract has now been signed. Under the signed contract, the final contract value remains approximately USD 10 million, i.e. in accordance with the expectation under the Letter of Award. ContactAnders Eimstad

GlobeNewswire 22 days ago

EMGS.OL
-1.51%
EMGS reports fourth quarter 2024 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the fourth quarter of 2024 are attached. Summary: * The Company recorded revenues of USD 9.7 million, up from USD 1.1 million in the fourth quarter of 2023. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 7.9 million, up from negative USD 1.7 million in the fourth quarter of 2023.* Free cash decreased with USD 4.1 million during the

GlobeNewswire 2 months ago

EMGS.OL
-1.51%
EMGS receives Letter of Award for Survey in India

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has received a Letter of Award for a CSEM survey in India. The survey is expected to have a contract value of approximately USD 10 million, subject to the issuance of a callout order. The LOA does not include a minimum scope of work. The Atlantic Guardian will commence acquisition following completion of the previously announced survey in India. The Company expects the final contract execution to ta

GlobeNewswire 2 months ago

EMGS.OL
-1.51%
EMGS: Vessel activity and multi-client sales update for the fourth quarter 2024

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 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. At the end of the fourth qu

GlobeNewswire 2 months ago

EMGS.OL
-1.51%
EMGS awarded Contract for Survey in India

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has signed a Contract with an undisclosed client for a CSEM survey in India.The survey is expected to have a contract value of approximately USD 10 million, including mobilization fee. The Atlantic Guardian is expected to commence transit from Norway in the fourth quarter of 2024. ContactAnders Eimstad, CFO, +47 948 25 836 This information is published in accordance with the Norwegian Securities Tra

GlobeNewswire 4 months ago

EMGS.OL
-1.51%
EMGSO.OL
EMGS reports third quarter 2024 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the third quarter of 2024 are attached. Summary: * The Company recorded revenues of USD 1.1 million, down from USD 1.6 million in the third quarter of 2023. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 5.9 million, down from negative USD 0.7 million in the third quarter of 2023. * Free cash increased with USD 7.4 million

GlobeNewswire 5 months ago

EMGS.OL
-1.51%
EMGSO.OL
EMGS – Vessel activity and multi-client sales update for the third quarter 2024

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 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. At the end of the third qua

GlobeNewswire 6 months ago

EMGS.OL
-1.51%
EMGS reports second quarter 2024 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the second quarter of 2024 are attached. Summary: * The Company recorded revenues of USD 13.8 million, up from USD 0.2 million in the second quarter of 2023 and up from USD 0.2 million in the first quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 7.0 million, up from negative USD 1.8 million in the second quarter of 2

GlobeNewswire 7 months ago

EMGS.OL
-1.51%
EMGSO.OL
EMGS: Additional prefunding related to previously announced projects

Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 8 July 2024 wherein EMGS announced that the Company had entered into an agreement for a fully-prefunded Ocean Bottom Node (OBN) seismic survey in the Barents Sea. EMGS is pleased to announce that it has secured an additional USD 0.5 million of prefunding related to the OBN survey. Following this additional prefunding, the total contract value, prior to revenue share, is

GlobeNewswire 8 months ago

EMGS.OL
-1.51%
EMGS – Vessel activity and multi-client sales update for the second quarter 2024

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information on vessel activity and multi-client sales during the quarter approximately 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. At the end of the second qu

GlobeNewswire 9 months ago

EMGS.OL
-1.51%
EMGS Partners with Velocitas Geo Solutions for OBN Seismic Survey in Norway

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that it has entered into an agreement for a fully pre-funded Ocean Bottom Node (OBN) seismic survey in the Barents Sea. This survey, which will be undertaken in collaboration with Velocitas Geo Solutions, marks EMGS' first venture into seismic node projects. The survey, set to commence in the third quarter of 2024, will be conducted using the Atlantic Guardian and is expected to take approximately two weeks to compl

GlobeNewswire 9 months ago

EMGS.OL
-1.51%
EMGS secures prefunding for multi-client acquisition in Norway

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has entered into a prefunding agreement related to a multi-client acquisition in the North Sea. The revenue will be USD 1.4 million and will be acquired as part of the current NCS campaign. Contact Anders Eimstad, CFO, +47 948 25 836 This information is published in accordance with the Norwegian Securities Trading Act § 5-12. About EMGS EMGS, the marine EM market leader, uses its proprietary electro

GlobeNewswire 9 months ago

EMGS.OL
-1.51%
EMGS reports prefunding for multi-client acquisition in Norway

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has entered into a prefunding agreement related to multi-client acquisition in the Barents Sea. The scope of the survey has not yet been defined but represents a minimum commitment of USD 2.0 million. The fully prefunded multi-client survey is expected to commence in the third quarter of 2024. Contact Anders Eimstad, CFO, +47 948 25 836 This information is published in accordance with the Norwegian

GlobeNewswire 9 months ago

EMGS.OL
-1.51%
EMGS: Annual general meeting held

The annual general meeting (the "AGM") of Electromagnetic Geoservices ASA ("EMGS" or the "Company") was held today, 19 June 2024 at 11:00 CEST. All items were resolved in accordance with the board of directors' proposals and the Nomination Committee's recommendations. The minutes of meeting from the AGM are attached hereto. Contact Anders Eimstad, Chief Financial Officer, +47 948 25 836 About EMGS EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support

GlobeNewswire 9 months ago

EMGS.OL
-1.51%
EMGSO.OL
EMGS secures pre-funded multi-client surveys in Norway

Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into several agreements with Equinor and Partners for fully pre-funded multi-client survey acquisitions in the Barents Sea. The combined contracts have a total value of approximately USD 3.4 million. The first of the fully prefunded surveys is expected to commence in the third quarter of 2024, upon the Atlantic Guardian’s return from Brazil. Contact Anders Eimstad, CFO, +47 948 25 836 This information is published in accordanc

GlobeNewswire 10 months ago

EMGS.OL
-1.51%
EMGSO.OL
EMGS: Notice of Annual General Meeting

Notice is hereby given of the annual general meeting of Electromagnetic Geoservices ASA ("EMGS" or the "Company"). The annual general meeting will be held at the Company's offices in Karenslyst Allé 4, 4(th) floor, 0278 Oslo, Norway on 19 June 2024 at 11:00 CEST. The calling notice is attached to this stock exchange notification, and will, together with all appendixes, the Company's annual report for 2023, and the remuneration report for 2023 be published on the Company's webpage www.emgs.com. C

GlobeNewswire 10 months ago

EMGS.OL
-1.51%
EMGSO.OL
EMGS secures late sales multi-client revenue

Electromagnetic Geoservices ASA ("EMGS" or the "Company") is pleased to announce that the Company has entered into several late sales licencing agreements related to its existing Norwegian EM multi-client library, with a total combined revenue to the Company of approx. USD 1.3 million. The revenue is expected to be recognised in the second quarter of 2024. Contact Anders Eimstad, CFO, +47 948 25 836 This information is published in accordance with the Norwegian Securities Trading Act § 5-12. Abo

GlobeNewswire 10 months ago

EMGS.OL
-1.51%
EMGS reports first quarter 2024 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the first quarter of 2024 are attached. Summary: * The Company recorded revenues of USD 0.2 million, down from USD 5.0 million in the first quarter of 2023 and down from USD 1.1 million in the fourth quarter of 2023. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of negative USD 3.8 million, down from USD 2.4 million in the first quarter o

GlobeNewswire 11 months ago

EMGS.OL
-1.51%
EMGS – Annual report for 2023 - ESEF

Reference is made to the stock exchange notice published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 17 April 2024, where EMGS published its audited financial statements and annual report for 2023. As noted by the Company in that stock exchange notification, the European Single Electronic Format (ESEF) 2023 annual report would be published on or about 19 April 2024. The ESEF file is attached to this stock exchange notification and will also be available on www.emgs.com. Conta

GlobeNewswire 11 months ago

EMGS.OL
-1.51%
EMGS – Board of directors approves audited financial statements and annual report for 2023

The board of directors of Electromagnetic Geoservices ASA ("EMGS" or the "Company") has today approved EMGS' 2023 annual financial statements and annual report. There are no material changes to the financial statements compared to the preliminary and unaudited full year results presented by the Company on 14 February 2024. EMGS' annual report for 2023 is enclosed to this stock exchange notification. The annual report will be published in European Single Electronic Format (ESEF) on or about Frida

GlobeNewswire 11 months ago

EMGS.OL
-1.51%

Performance Overview

Return	EMGS.OL	OBX Total Return Index (OBX.OL)
YTD	-4.39%	+3.23%
1-Year	-13.66%	+7.66%
3-Year	0.00%	+17.88%

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Electromagnetic Geoservices ASA (EMGS.OL)

EMGS Receives Contract Related to Previously Announced Letter of Award for Survey in India

EMGS reports fourth quarter 2024 results

EMGS receives Letter of Award for Survey in India

EMGS: Vessel activity and multi-client sales update for the fourth quarter 2024

EMGS awarded Contract for Survey in India

EMGS reports third quarter 2024 results

EMGS – Vessel activity and multi-client sales update for the third quarter 2024

EMGS reports second quarter 2024 results

EMGS: Additional prefunding related to previously announced projects

EMGS – Vessel activity and multi-client sales update for the second quarter 2024

EMGS Partners with Velocitas Geo Solutions for OBN Seismic Survey in Norway

EMGS secures prefunding for multi-client acquisition in Norway

EMGS reports prefunding for multi-client acquisition in Norway

EMGS: Annual general meeting held

EMGS secures pre-funded multi-client surveys in Norway

EMGS: Notice of Annual General Meeting

EMGS secures late sales multi-client revenue

EMGS reports first quarter 2024 results

EMGS – Annual report for 2023 - ESEF

EMGS – Board of directors approves audited financial statements and annual report for 2023

Performance Overview