Electromagnetic Geoservices (EMGS)

[Macken_123]

Det er normalt at seismikk kommer først, og deretter får EMGS oppdrag.

[TekBot]

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.

…

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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

• 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 of 2023.

• Free cash decreased with USD 1.6 million during the quarter, to USD 8.7
  million.

• The Atlantic Guardian completed the acquisition of the fully prefunded multi-
  client survey in the North Sea and started transiting towards Brazil.

A pre-recorded presentation will be available over the internet from 20:00
(local time Norway) today. To access the presentation, please go to the
Company’s homepage (www.emgs.com (http://www.emgs.com)) and follow the link.

Contact
Anders Eimstad, Chief Financial Officer, +47 94 82 58 36

About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas 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 explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency and reduces risks and the
finding costs per barrel. CSEM technology can also be used to detect the
presence of marine mineral deposits (primarily Seabed Massive Sulphides) and
EMGS believes that the technology can also be used to estimate the mineral
content of such deposits. The Company is undertaking early-stage initiatives to
position itself in this future market.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[Murrinho]

Rapport akkurat som forventet vel. Spent på om man får plukket noe nær 2 kr.

[Macken_123]

Er oppdraget i Brasil ferdig? Eller er det kun en pause?

[Murrinho]

Den jobbes på as we speak. Varer i ca 2 mnd

[Macken_123]

Da er det kun pause, for båten er tilbake ved fastlandet

[permabear]

De har bytta ut forsidebildet på presentasjonen, men webcasten høres fremdeles ut som den er spilt inn med en sliten Studio 57 kassettopptaker. Kan ikke anklages for å kaste bort ressurser på staffasje, i hvert fall …

Bortsett fra forsidebildet er det eneste jeg tror er “nytt” i kvartalsrapporten at verdien av oppdraget de gjorde for Equinor økte fra 2.0 mUSD til 2.7 mUSD (35%). Det gjentas at man forventer flere oppdrag i Norge & at vi kan vente oppdatering på detta ila Q2. Skulle ønske de kunne nevnt noe om Namibia også her eller i hvert fall vært litt mer konkrete på salgsprosesser utenfor Norge …

Naturlig å fokusere på at inntjening er voldsomt ned sammenlikna med i fjor, men synes det er viktigere at verdien på backlog er 15.6 mUSD sammenlikna med 0.7mUSD samme kvartal i fjor & at man har flere aktive salgsprosesser. Med litt stang inn, ligger det an til å bli et svært bra år.

[TekBot]

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
…

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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.

About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas 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 explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency and reduces risks and the
finding costs per barrel. CSEM technology can also be used to detect the
presence of marine mineral deposits (primarily Seabed Massive Sulphides) and
EMGS believes that the technology can also be used to estimate the mineral
content of such deposits. The Company is undertaking early-stage initiatives to
position itself in this future market.

Kilde

[TekBot]

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,
…

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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.

Contact
Anders Eimstad, Chief Financial Officer, +47 94 82 58 36

About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas 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 explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency and reduces risks and the
finding costs per barrel. CSEM technology can also be used to detect the
presence of marine mineral deposits (primarily Seabed Massive Sulphides) and
EMGS believes that the technology can also be used to estimate the mineral
content of such deposits. The Company is undertaking early-stage initiatives to
position itself in this future market.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[Murrinho]

Ble litt fart her nå med havbunn nominasjonen!

[permabear]

Om jeg leser riktig er Dag Helland-Hansen deleier av dette Quantum Marine Minerals som er blant selskapene som har nominert leteblokk.

[Godkrakken]

Hvor leser man om nominasjonen?

[permabear]

Dag Helland-Hansen on LinkedIn: Fire aktører bekrefter å ha nominert blokker...

Linker til artikkel bak betalingsmur: Fire aktører bekrefter å ha nominert blokker for mineralvirksomhet på havbunnen - Altinget: Klima og Energi

[TekBot]

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.
…

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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 accordance with the Norwegian Securities
Trading Act § 5-12.

About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)
technology to support oil and gas 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 explorationists a clearer and more complete understanding of
the subsurface. This improves exploration efficiency and reduces risks and the
finding costs per barrel. CSEM technology can also be used to detect the
presence of marine mineral deposits (primarily Seabed Massive Sulphides) and
EMGS believes that the technology can also be used to estimate the mineral
content of such deposits. The Company is undertaking early-stage initiatives to
position itself in this future market.

Kilde

[Murrinho]

Q3 begynner å fylles opp😁

[Buffet]

Ser interessant ut teknisk denne. Ser vi 4 kroner snart?

[Murrinho]

Boostes vel midlertidig av investornytt sin artikkel!

[Buffet]

link?

[Buffet]

@Murrinho

Boostes vel midlertidig av investornytt sin artikkel!

Fant den. Artikkel fra i går ja. Nå synes jeg imidlertid at det tekniske bildet så interessant ut. På både kort og mellomlangsikt. Kan se ut som den snart bryter oppover.

Men ja de 2% opp idag er bra de og, om de går under kategorien boost er vel en annen sak.

[Murrinho]

Ca 5% er vel mer riktig å si opp og kraftig økning i omsetning. Eid en god stund så ingenting bedre enn at aksjen nærmer seg 3 tallet der jeg syns den hører hjemme