Electromagnetic exploration technology
Search documents
EMGS – Vessel activity and multi-client sales update for the second quarter 2025
Globenewswire· 2025-07-07 16:00
Core Insights - The Company, Electromagnetic Geoservices ASA (EMGS), provides updates on vessel activity and multi-client sales approximately 4-5 working days after each quarter ends [1] - The Company defines vessel utilization as the percentage of the vessel charter period spent on data acquisition, excluding downtime and other non-productive activities [1] Vessel Activity - At the end of Q2 2025, the Company had one vessel, the Atlantic Guardian, which completed two proprietary surveys in India and is now transitioning to Norway for three fully prefunded multi-client surveys valued at USD 2.7 million [2] - The vessel utilization for Q2 2025 was 44%, a decrease from 51% in Q2 2024 [2] Financial Performance - EMGS recorded 3.0 vessel months in Q2 2025, consistent with Q2 2024 [3] - The Company anticipates approximately USD 200,000 in multi-client late sales for Q2 2025 [4] - EMGS will release its Q2 2025 financial results on August 13, 2025, prior to 07:30 local time in Norway [4] Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [6] - The Company supports all stages of the workflow, from survey design to data interpretation, enhancing exploration efficiency and reducing costs [6] - CSEM technology is also applicable for detecting marine mineral deposits and in various offshore construction and exploration activities [6]
EMGS: Notice of Annual General Meeting
Globenewswire· 2025-05-28 14:00
Core Viewpoint - The annual general meeting of Electromagnetic Geoservices ASA (EMGS) is scheduled for June 19, 2025, in Oslo, Norway, where key company reports will be presented [1]. Company Overview - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary EM technology to assist oil and gas companies in offshore hydrocarbon exploration [2]. - The company supports the entire workflow from survey design to data interpretation, integrating EM data with seismic and geological information to enhance exploration efficiency and reduce costs [2]. - EMGS's CSEM technology is also applicable for detecting marine mineral deposits, particularly Seabed Massive Sulphides, and the company is exploring early-stage initiatives in this emerging market [2].