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EMGS: Notice of Annual General Meeting
Globenewswire· 2025-05-28 14:00
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 2025 at 12:00 CEST. The calling notice is attached to this stock exchange notification, and will, together with all appendixes, the Company's annual report for 2024, and the remuneration report for 2024 be published on the Company's webpage www.emgs.com.ContactAnders ...
EMGS reports first quarter 2025 results
Globenewswire· 2025-05-13 18:00
Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and market presentation for the first quarter of 2025 are attached. Summary: * The Company recorded revenues of USD 10.0 million, up from USD 0.2 million in the first quarter of 2024 and up from USD 9.7 million in the fourth quarter of 2024. * Adjusted EBITDA (including capitalised multi-client expenses and vessel and office lease expenses) of USD 2.0 million, up from negative USD 3.8 million in the first quarter of 2024.* Free ca ...
EMGS: Result of Written Resolution of Bondholders
Globenewswire· 2025-05-07 15:07
Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 pertaining to EMGS’ proposal to extend the maturity date for, and amend certain terms of, the Company’s outstanding bond issue Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”). EMGS has today been notified by Nordic Trustee AS, as trustee for EMGS03, that the proposed resolution has been resolved and adopted. The notice from the written bondholders' resolution is attac ...
EMGS: Summons for written resolution in relation to Elec ASA 18/25 FRN USD FLOOR STEP C CONV
Globenewswire· 2025-05-06 19:34
Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 6 May 2025 regarding the Siem Day transaction, including the information therein regarding a proposed extension of the maturity date for Elec ASA 18/25 FRN USD FLOOR STEP C CONV (“EMGS03”) as well as certain other proposed amendments to the bond terms related to the transaction. Attached hereto is a summons for a written resolution by the bondholders in EMGS03. The proposed amendm ...
EMGS – Annual report for 2024 - ESEF
Globenewswire· 2025-04-29 19:00
Reference is made to the stock exchange notice published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 24 April 2025, where EMGS published its audited financial statements and annual report for 2024. As noted by the Company in that stock exchange notification, the European Single Electronic Format (ESEF) 2024 annual report would be published on or about 29 April 2025. The ESEF file is attached to this stock exchange notification and will also be available on www.emgs.com. ContactAnders E ...
EMGS Receives Contract Related to Previously Announced Letter of Award for Survey in India
Globenewswire· 2025-03-24 17:00
Group 1 - The company, Electromagnetic Geoservices ASA (EMGS), has signed a final contract for a CSEM survey in India, with a contract value of approximately USD 10 million, consistent with previous expectations [1] - The contract follows a Letter of Award received by the company on 15 January 2025, indicating a successful progression from initial award to final contract signing [1] Group 2 - EMGS is a leader in the marine electromagnetic (EM) market, utilizing proprietary technology to assist oil and gas companies in offshore hydrocarbon exploration [3] - The company's services encompass the entire workflow from survey design and data acquisition to processing and interpretation, enhancing exploration efficiency and reducing costs [3] - EMGS is also exploring the application of CSEM technology for detecting marine mineral deposits and estimating their mineral content, positioning itself for future market opportunities [3]