Electromagnetic Geoservices (EMGS)

[TekBot]

EMGS: OFG and EMGS enter into cooperation agreement

EMGS: OFG and EMGS enter into cooperation agreement
OFG and EMGS enter into a cooperation agreement

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October 19, 2020: Ocean Floor Geophysics Inc (OFG) and Electromagnetic
Geoservices ASA (EMGS) have announced today the signing of a cooperation
agreement under which the two companies agree to work together on various
projects to promote the use of marine CSEM technology.

The agreement places specific emphasis on exploiting the obvious synergies
between the state-of-the-art towed-streamer CSEM system from OFG (under its
exclusive right to acquire the PGS EM technology) and the industry-leading sea-
bottom CSEM/MT nodal system from EMGS. Cooperation will include development of
proprietary and multi-client surveys, and multiphysics reprocessing of existing
seismic and CSEM data.

“We are delighted to have entered into this agreement with EMGS”, stated Richard
Cooper, President of OFG Multiphysics. “Combining our technologies, expertise
and market experience is an obvious next step for both companies and allows us
to provide fast and efficient data acquisition and processing services over the
widest possible range of marine environments for resource and environmental
applications.”

“We see industry collaboration as key for advancing the EM technology. This
agreement allows us to expand our acquisition offering to also include the
towed-streamer technology and together with OFG we will continue to work on
expanding the CSEM market and the range of CSEM applications”, said Bjørn Petter
Lindhom, CEO of EMGS.

FOR DETAILS OFG, CONTACT:

Matthew Kowalczyk, CEO

Email: [email protected]

Richard Cooper, President, OFG Multiphysics

Email: [email protected]

FOR DETAILS EMGS, CONTACT:

Bjørn Petter Lindhom, CEO

Email: [email protected] (mailto:[email protected])

About OFG: Since its inception OFG has consistently developed and operated
innovative marine geophysical systems to provide new perspectives to our
clients. We provide data acquisition and analysis services that were previously
unavailable by integrating magnetic, EM, CSEM/MT, gravity, chemical, and
hydrographic sensors and systems deployed on AUVs, ASV/USVs, ROVs and towed
systems. OFG provides you with tools to lower your exploration and development
risk. Better data. Better decisions. For more information on OFG visit
www.oceanfloorgeophysics.com (http://www.oceanfloorgeophysics.com/).

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 exploration experts a clearer and more
complete understanding of the subsurface. This improves exploration efficiency
and reduces risks and the finding costs per barrel.

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

Kilde

[TekBot]

EMGS: Reports multi-client revenue

?Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has entered into
late-sales multi-client licensing agreements related to its existing multi-
client library in Norway. These agreements represent combined revenues of
…

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approximately USD 1.2 million.

The Company will recognise the revenue in the fourth quarter of 2020.

Contact
Anders Eimstad, EMGS 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.

For more information, visit www.emgs.com (http://www.emgs.com/)

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

Kilde

[Autolock]

Får vi se 1 tallet i dag tro?Denne et omtrent konkurspriset.

[Kronn]

Tatt litt emgs, har tidligere visst seg som stort trading potensial, men som alle andre plasser, high risk.
Håper på litt volum, mcap på 90 mill

[Duogdu]

Følger bjellesauen @kronn, flytta halvparten av lottopotten fra Koa til EMGS😀

[Kronn]

Du som drog den over 0,70 ?

Hugs å ikkje ta for stor del her, kan være dårlig volum å komme seg utigjen på, men satser på ett run på 0,8 igjen som den har vert på tidligere idag

[Kronn]

Kommer greit med kjøpere til nå da

[Duogdu]

Jeg var såvidt over 0,7 , første del på 0,703

[Kronn]

Bra, vi sitter i pluss no👍

[Duogdu]

Har fått det jeg skal ha også, tett på 0,7, hva har du?

[Kronn]

Har det eg vil ha, ,68

[Duogdu]

Ser ut så jeg gjorde en dårlig byttehandel i dag, men hva gjør vel det når det står ny TV i stua😀

[Kronn]

Så lenge ein har ny TV, så går alt vel
Hadde håpet den skulle slutte på andre siden av 0,7

[Duogdu]

Jeg solgte i går og kjøpte tilbake KOA, gikk marginalt i pluss mtp antall aksjer i KOA, fikk 2-3% flere aksjer.
Får se i morgen om det var et lurt trekk😊

[Kronn]

Sitter med mine, trodde den skulle ha gått litt til, så får heller satse på at det kan dukke oppe en kontrakt igjen

[TekBot]

EMGS reports third quarter 2020 results

?

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and
…

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market presentation for the third quarter of 2020 are attached.

Highlights:

• The Company recorded revenues of USD 2.1 million, down from USD 26.9 million
  in the third quarter of 2019 and down from USD 7.5 million in the second quarter
  of 2020.

• Adjusted EBITDA (including capitalised multi-client expenses and vessel and
  office lease expenses) of negative USD 1.2 million, down from USD 11.6 million
  in the third quarter of 2019.

• Free cash decreased with USD 5.5 million during the quarter, to USD 4.3
  million.

A recorded presentation will be available over the internet from 10:00 (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.

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

Kilde

[Autolock]

Hva skjer her da? Nyheter på gang?

[Kronn]

Jøss så denne tok av da, bra ein blei sittende d

[Duogdu]

Solgt nå?

[Kronn]

Utd på 1,20