Electromagnetic Geoservices (EMGS)

[permabear]

De får altså inn en båt som allerede er på kontrakt som vil dekke EMGS sine utgifter ut 2025. Deretter er EMGS avhengig av å få båten ut på nye kontrakter med dagrate på 45’ + 22’ for å gå i 0. Alt over det er gevinst for EMGS.

Tenker dette er et godt oppsett for Siem. For andre aksjonærer er det kjøpt mer tid og potensielt stor oppside dersom etterspørselen etter high spec konstruksjonsskip holder seg høy fra 2026 og utover (og katastrofe om det ikke blir slik).

[Oppturen]

Tror det kan være en plan om å levere mer tjenester innen havbunnsmineraler ?

[permabear]

Tenker du på med subsea-båtene spesifikt? Slik det er satt opp nå skal ikke EMGS levere noen tjenester selv, de bare leier ut båten til andre (DeepOcean i dette tilfellet). Ut fra det vi vet nå skal EMGS kun tjene (eller tape) penger på forskjellen mellom det de må betale i dagrate og det de får inn i dagrate fra de som faktisk bruker båten.

[TekBot]

EMGS: Result of Written Resolution of Bondholders

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
…

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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 attached to this release.

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 in
other offshore construction and exploration activity.

Kilde

[TekBot]

EMGS reports first quarter 2025 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and
market presentation for the first quarter of 2025 are attached.

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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

• 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 cash decreased with USD 3.1 million during the quarter, to USD 6.0
  million.

• During the quarter, the Atlantic Guardian completed the first of two
  proprietary acquisitions in India and commenced mobilisation for the second
  proprietary acquisition.

• Subsequent to the end of the quarter, on 6 May 2025, EMGS announced the
  establishment of a new business platform within offshore subsea construction
  through the acquisition of the OSCV Siem Day.

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

[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 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.

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

[TekBot]

EMGS: Annual general meeting held

The annual general meeting (the “AGM”) of Electromagnetic Geoservices ASA
(“EMGS” or the “Company”) was held today, 19 June 2025 at 12:00 CEST.

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All items on the agenda were resolved in accordance with the board of directors’
proposals and the Nomination Committee’s recommendations.

Following the election of new board members at the annual general meeting, the
following persons constitute the Company’s board of directors:

• Kenneth Ross (Chairman)

• Stig Tore Vangen

• Glenn Pettersen

• Marianne Engelsen Hals

• Sasha Siem

The minutes of meeting from the AGM are attached hereto.

Contact
Anders Eimstad, Chief Financial Officer, +47 948 25 836

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