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. The Atlantic Guardian was redelivered t ...

Core Insights - EMGS published its audited financial statements and annual report for 2024 on April 24, 2025, with the European Single Electronic Format (ESEF) report expected to be available around April 29, 2025 [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 [3]. - The company supports all stages of the exploration workflow, including survey design, data acquisition, processing, and interpretation, which enhances exploration efficiency and reduces finding costs per barrel [3]. - EMGS's CSEM technology is also capable of detecting marine mineral deposits, particularly Seabed Massive Sulphides, and the company is exploring early-stage initiatives to enter this emerging market [3].