EMGS Electromagnetic Geoservices ASA

Aksjetips

Administrator
Electromagnetic Geoservices ASA (EMGS) uses its proprietary electromagnetic (EM) technology to support oil companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The company's services enable the integration of EM data with seismic and other geophysical and geological information to give a more complete understanding of the subsurface. This improves exploration efficiency and reduces risks and the finding costs.

Hjemmeside: www.emgs.com
 

Aksjetips

Administrator
EMGS bekrefter i en børsmelding at en av de tidligere meldte intensjonsavtalene, har resultert i en kontrakt. Kontrakten er på minst 1,8 millioner dollar.

19.12.2017 14:21
EMGS enters into prefunded multi-client contract in Indonesia

Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA ("EMGS") on 16 November 2017, wherein it was
announced that EMGS had received Letters of Intent for two contracts under which
EMGS will perform prefunded multi-client acquisitions offshore Indonesia.

EMGS is pleased to announce that a final contract has been entered into under
one of the Letters of Intent. The contract has a minimum gross contract value of
USD 1.8 million.

The survey will be executed using the vessel BOA Thalassa. EMGS expects to start
the surveys in December 2017, with completion in January 2018.

EMGS is still working towards converting the second Letter of Intent into a
final contract.
 

Aksjetips

Administrator
Også den andre intensjonsavtalen Electromagnetic Geoservices ASA inngikk i Indonesia, har nå resultert i en ny seismikkontrakt. Denne er på minimum 1,0 millioner dollar, melder selskapet.

20.12.2017 14:04
EMGS enters into second prefunded multi-client contract in Indonesia

Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA (the "Company" or "EMGS") on 16 November 2017,
wherein it was announced that EMGS had received Letters of Intent for two
contracts under which EMGS will perform prefunded multi-client acquisitions
offshore Indonesia. Reference is further made to the stock exchange notification
published by the Company on 19 December 2017 wherein it was announced that a
final contract with a minimum gross contract value of USD 1.8 million had been
entered into under one of the Letters of Intent while the second Letter of
Intent remained outstanding.

EMGS is pleased to announce that a final contract has been entered into under
the second Letter of Intent. The contract has a minimum gross contract value of
USD 1.0 million, giving a combined minimum gross value for the two contracts of
USD 2.8 million.

Both surveys will be executed using the vessel BOA Thalassa, with expected
start-up in December 2017 and completion in January 2018.
 

Aksjetips

Administrator
Børsmelding

04.01.2018 16:43
EMGS - Vessel update and activity for the fourth quarter 2017

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.

Vessel utilisation for the fourth quarter 2017 was 13% compared with 89% for the
fourth quarter in 2016. For the full year 2017, the vessel utilisation was 56%,
whereas the utilisation for the full year 2016 year was 70%.

In the fourth quarter of 2017, the Company's vessels were allocated 13% to
multi-client projects and no time was spent on proprietary work. In the
comparable quarter of 2016, the vessels were allocated 35% to proprietary work
and 54% to multi-client projects.
EMGS had two vessels in operation and recorded 6.0 vessel months in the quarter.
In the fourth quarter 2016, the Company also recorded 6.0 vessel months.

Vessel activity
The Atlantic Guardian began the fourth quarter acquiring data on two multi-
client surveys in the Barents Sea. Then, following a yard stay at Fosen
shipyard, the vessel commenced a pre-funded multi-client survey west of
Newfoundland, Canada. This survey was completed on 21 November 2017, after which
the vessel returned to Fosen shipyard.

The vessel's utilisation for the fourth quarter was 27%.

The BOA Thalassa was laid up until 20 November 2017, after which she had a yard
stay and conducted equipment sea trials in Singapore. The vessel mobilised for
pre-funded multi-client acquisitions offshore Indonesia late December. The
surveys started in January 2018 and are expected to be completed before the end
of the month.

The yard stay, sea trials and mobilisation conducted in November and December
2017 are not included in the utilisation rate, hence the vessel's utilisation
for the fourth quarter was 0%.

Multi-client revenues in the fourth quarter
The Company expects to record approximately USD 10 million in multi-client
revenues for the fourth quarter 2017.

EMGS will publish its fourth quarter 2017 financial results on Thursday 8
February 2018 at 07:30 CET. A presentation will be broadcasted live over the
Internet, starting at 10:00 CET. To access the presenta
 

Aksjetips

Administrator
Seismikkselskapet EMGS hadde en flåteutnyttelse på 13 prosent i 4. kvartal, mot 89 prosent i tilsvarende kvartal i fjor, fremgår det av en melding fra selskapet torsdag. For helåret 2017 oppgis flåteutnyttelsen til 56 prosent, mot 70 prosent i 2016.
 

Aksjetips

Administrator
Etter at den toårige kontrakten i USA ble kansellert, oljeprisens betydelige fall og usikkerhet forårsaket av COVID-19-pandemien, har seismikkselskapet Electromagnetic Geoservices (EMGS) opplevd en rask forverrig av selskapets etterslep for 2020.
 
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