Electromagnetic Geoservices (EMGS)

Kronn · mars 25, 2021, 11:06am

Grei ordrebok etterhvert her da, men er vel knappe marginer.
Positivt med kontrakt for nye kunde vertfall

TekBot · mars 29, 2021, 6:43am

Financial calendar

TekBot · april 7, 2021, 6:01am

EMGS - Vessel activity and multi-client sales update for the first quarter 2021

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information
on vessel activity and multi-client sales during the quarter 4-5 working days
after the close of each quarter.
…

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At the end of the first quarter 2021 the Company had one vessel on charter, the
Atlantic Guardian. The Atlantic Guardian started the quarter in cold stack.
Prior to transiting to Mexico, the vessel underwent a 20 years class. At the end
of the quarter, the Atlantic Guardian had completed the mobilisation in Mexico
and started acquiring data.

The utilisation for the first quarter, not including off-hire period, was 6%
compared with 26% for the first quarter 2020.

EMGS had one vessel in operation and recorded 2.1 vessel months in the quarter.
In the first quarter 2020, the Company recorded 6.0 vessel months.

Multi-client revenues in the first quarter
The Company expects to record approximately USD 0.1 million in multi-client
revenues for the first quarter 2021.

EMGS will publish its first quarter 2021 financial results on Thursday 13 May
2021 at 07:30 local time (Norway). A recorded presentation will be broadcasted
over the Internet, available from 10:00 local time (Norway). 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, +47 948 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 exploration experts 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

TekBot · april 29, 2021, 3:55pm

EMGS - Board of directors approves audited financial statements and annual report for 2020

The board of directors of Electromagnetic Geoservices ASA (“EMGS” or the
“Company”) has today approved EMGS’ 2020 annual financial statements and annual
report.
…

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There are no material changes to the financial statements compared to the
preliminary and unaudited full year results presented by the Company on 4
February 2021. The 2020 audit opinion from the Company’s auditor, EY, is without
qualifications. However, it includes an emphasis of matter related to the
Company and the consolidated EMGS group operating with negative equity. For
further details, please refer to the annual report.

EMGS’ annual report for 2020 is enclosed to this stock exchange notification.

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 exploration experts 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

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

Kilde

TekBot · april 29, 2021, 3:59pm

Correction: EMGS - Board of directors approves audited financial statements and annual report for 2020

The board of directors of Electromagnetic Geoservices ASA (“EMGS” or the
“Company”) has today approved EMGS’ 2020 annual financial statements and annual
report.
…

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There are no material changes to the financial statements compared to the
preliminary and unaudited full year results presented by the Company on 4
February 2021. The 2020 audit opinion from the Company’s auditor, EY, is without
qualifications. However, it includes an emphasis of matter related to the
Company and the consolidated EMGS group operating with negative equity. For
further details, please refer to the annual report.

EMGS’ annual report for 2020 is enclosed to this stock exchange notification.

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 exploration experts 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

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

Kilde

TekBot · april 29, 2021, 6:01pm

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 21 May 2021 at 10:00 local time.

Due to the ongoing coronavirus pandemic (Covid-19), shareholders are encouraged
to not physically attend the meeting. Rather, shareholders should consider
exercising their shareholder rights through electronic advance voting in VPS or
by completing the proxy form with voting instruction.

The calling notice is attached to this stock exchange notification, and will,
together with all appendixes and the Company’s annual report for 2020, be
published on the Company’s webpage www.emgs.com.

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.

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

Kilde

TekBot · mai 10, 2021, 6:00pm

EMGS - presentation of first quarter 2021 results

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) will release its first
quarter 2021 results on Wednesday 12 May 2021.

…

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A pre-recorded presentation by CEO Bjørn Petter Lindhom and CFO Anders Eimstad
will be available on the Company’s webpage www.emgs.com.

The quarterly report and presentation will be available for download on EMGS’
website www.emgs.com (http://www.emgs.com/) and the Oslo Stock Exchange,
www.newsweb.no from about 20.00 CEST on Wednesday 12 May 2021.

Contact
Anders Eimstad, CFO, +47 94 825 836

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

TekBot · mai 12, 2021, 6:01pm

EMGS reports first quarter 2021 results

Electromagnetic Geoservices ASA’s (“EMGS” or the “Company”) financial report and
market presentation for the first quarter of 2021 are attached.

…

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Highlights:

The Company recorded revenues of USD 1.6 million, down from USD 11.3 million
in the first quarter of 2020 and down from USD 4.0 million in the fourth quarter
of 2020.

Adjusted EBITDA (including capitalised multi-client expenses and vessel and
office lease expenses) of negative USD 1.5 million, down from negative USD 0.8
million in the first quarter of 2020.

Free cash increased with USD 7.9 million during the quarter, to USD 12.1
million.

Subsequent to the end of the first quarter 2021, EMGS completed the multi-
client project in Mexico and has commenced transit to Southeast Asia.

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.

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

Kilde

Kronn · mai 12, 2021, 6:22pm

TekBot · mai 21, 2021, 9:38am

EMGS: Minutes from 2021 annual general meeting and changes to the board of directors

The annual general meeting (the “AGM”) of Electromagnetic Geoservices ASA
(“EMGS” or the “Company”) was held today, 21 May 2021 at 10:00 CEST.

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

Following the AGM, the board of directors of EMGS consists of the following
persons:

Silje Augustson (chairman)

Mimi K. Berdal

Petteri Soininen

Jørgen Westad

The minutes of meeting 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.

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

Kilde

TekBot · juni 25, 2021, 12:01pm

EMGS: New framework contract for multi-client data

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) is pleased to announce
that it has entered into a framework contract with an existing customer for
licensing of multi-client data from the Company’s international multi-client
…

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library.

There are no minimum licensing commitments for the customer under the framework
contract. However, based on the information currently available, EMGS believes
that the contract will result in late sales during 2H 2021 with a total value
between USD 2.5 and USD 3.0 million.

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.

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

Kilde

TekBot · juni 29, 2021, 12:00pm

EMGS secures multi-client and late sale contracts

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) is pleased to announce
that the Company has secured an additional USD 1.2 million in prefunding for the
upcoming Utsira High North Sea multi-client survey. The prefunding revenue is
…

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expected to be recognised in the fourth quarter of 2021.

Additionally, the Company has also secured USD 0.8 million in late sales related
to the North Sea multi-client data library. The late sale revenue will be
recognised in the second quarter of 2021.

CEO of EMGS, Bjørn Petter Lindhom, comments:

"These new multi-client contracts and the previously announced international
late sale frame agreement, further demonstrates the benefit and value-add of
EMGS’ data and services for our customers, and the value of our existing multi-
client library.

Going forward, EMGS will continue to invest in new and financially robust multi-
client projects like the Utsira High project."

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.

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

Kilde

TekBot · juli 5, 2021, 3:01pm

EMGS - Vessel activity and multi-client sales update for the second quarter 2021

Electromagnetic Geoservices ASA (the “Company” or “EMGS”) releases information
on vessel activity and multi-client sales during the quarter 4-5 working days
after the close of each quarter. The Company defines vessel utilisation as the
…

Vis børsmeldingen

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.

At the end of the second quarter 2021 the Company had one vessel on charter, the
Atlantic Guardian. The Atlantic Guardian started the quarter acquiring multi-
client data in Mexico and upon completion started transit towards Southeast
Asia. At the end of the quarter, the Atlantic Guardian was on location in the
survey area and had commenced acquisition.

The utilization for the second quarter, not including off-hire period, was 32%
compared with 23% for the second quarter 2020.

EMGS had one vessel in operation and recorded 2.8 vessel months in the quarter.
In the second quarter 2020, the Company recorded 5.0 vessel months.

Multi-client revenues in the second quarter
The Company expects to record approximately USD 8 million in multi-client
revenues for the second quarter of 2021, a significant portion of which is
associated with the fully prefunded multi-client project in Mexico.

EMGS will publish its second quarter 2021 financial results on Thursday 19
August 2021 at 07:30 local time (Norway). A recorded presentation will be
broadcasted over the Internet, available from 10:00 local time (Norway). 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, +47 948 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 exploration experts 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

TekBot · juli 7, 2021, 10:25am

EMGS to launch partial bond buy-back

The board of directors of Electromagnetic Geoservices ASA (“EMGS” or the
“Company”) has resolved to initiate a voluntary, partial buy-back of bonds under
the Company’s outstanding MUSD 32.5 convertible bond issue.
…

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The Company intends to offer to buy-back outstanding bonds with an aggregate
principal amount of up to USD 4,000,000. EMGS will offer to buy back the bonds
at 75 per cent of par value. Bondholders representing the majority of the
outstanding bonds have already indicated that they support the buy-back and that
they intend to participate.

The offer price has been determined based on a fair market value assessment made
by an independent third-party.

The Company expects to formally launch the buy-back offer as soon as possible,
and complete the process within the end of July 2021.

Chairman of the board of directors of EMGS, Silje Augustson, comments:

“This voluntary bond buy-back marks an important milestone in the Company’s and
the boards’ efforts to improve the Company’s balance sheet and strengthen its
financial position. Through this voluntary buy-back the Company will buy-back
bonds at a significant discount to par value, thereby reducing EMGS interest
expenses going forward and improving the equity position.”

Contact
Anders Eimstad, CFO, +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 to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juli 8, 2021, 11:30am

EMGS publishes Buy-Back Offer Document related to FRN Electromagnetic Geoservices ASA Senior Unsecured Convertible USD 32,500,000 Bonds 2018/2023

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, TO U.S. NEWS WIRE SERVICES, IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, JAPAN, HONG KONG, SINGAPORE OR ANY OTHER JURISDICTION IN WHICH THE
…

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DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. FURTHER RESTRICTIONS ARE APPLICABLE,
AS DESCRIBED IN THE ATTACHED BUY-BACK OFFER DOCUMENT.

Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 7 July 2021 wherein
the Company announced its intention to launch a voluntary, partial buy-back of
bonds with an aggregate principal amount of up to USD 4,000,000 under the
Company’s outstanding bond issue FRN Electromagnetic Geoservices ASA Senior
Unsecured Convertible USD 32,500,000 Bonds 2018/2023.

EMGS has today published the attached Buy-Back Offer Document. All capitalised
terms used and not defined in this stock exchange notification are references to
those terms as defined in the Buy-Back Offer Document.

The Buy-Back is offered to all Bondholders on equal terms. The Buy-Back Offer
Period will commence on 9 July 2021 at 09:00 CEST and end on 16 July 2021 at
16:00 CEST, and may be extended by EMGS at its own discretion.

Announcement of the result of the Buy-Back is expected on or about 19 July 2021
and the Buy-Back Settlement Date is expected to be on or about 21 July 2021.

Further details regarding the Buy-Back, including the tendering process and
contact details for submission of the Bondholder Offer Form, are set out in the
Buy-Back Offer Document.

Contact
Anders Eimstad, CFO, +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 to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juli 8, 2021, 2:01pm

EMGS secures multi-client late sales in Norway

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) is pleased to announce
that the Company has entered into data licensing agreements related to its
existing 3D CSEM multi-client data library in the Barents Sea and Norwegian Sea.
…

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The agreements represent combined revenues of approximately USD 1.1 million.

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. 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 to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · juli 19, 2021, 4:27pm

EMGS: Result of bond buy-back and mandatory notification of trade

Reference is made to the stock exchange notifications published by
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 7 and 8 July 2021,
respectively, related to the Buy-Back.
…

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All capitalised terms used and not defined in this stock exchange notification
are references to those terms as defined in the Buy-Back Offer Document
published by EMGS in connection with the Buy-Back and dated 8 July 2021.

The Company has today resolved and committed to repurchase 40,000 Bonds with an
aggregate nominal value of USD 4,000,000 in accordance with the terms and
conditions of the Buy-Back Offer Document.

The following persons closely associated with primary insiders (PDMRs) of EMGS
have participated in and sold bonds (all at 75 per cent of par) under the Buy-
Back:

Siem Investments S.à r.l. (“Siem Investments”), an entity closely associated
with board member Jørgen Westad, has sold 15,697 Bonds to EMGS. Following the
Buy-Back Settlement Date, Siem Investments will hold a total of 111,103 Bonds.

RWC European Focus Master Inc. (“RWC”), an entity closely associated with
board member Petteri Soininen, has sold 8,108 Bonds to EMGS. Following the Buy-
Back Settlement Date, RWC will hold a total of 57,392 Bonds.

Perestroika AS (“Perestroika”), an entity closely associated with chairman of
the board Silje Augustson, has sold 15,697 Bonds to EMGS. Following the Buy-Back
Settlement Date, Perestroika will hold a total of 111,103 Bonds.

Further details regarding each of the above transactions are set out in the
attached forms.

Contact
Anders Eimstad, CFO, +47 948 25 836

This information is subject to the disclosure requirements in Regulation EU
596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.

The stock exchange notification was published by Anders Eimstad, CFO,
Electromagnetic Geoservices ASA.

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 · august 5, 2021, 11:42am

Renteregulering

TekBot · august 12, 2021, 3:02pm

EMGS: Update on framework contract for multi-client data

Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 25 June 2021
wherein the Company announced that it had entered into a framework contract with
…

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an existing customer for licensing of multi-client data from the Company’s
international multi-client library.

EMGS is pleased to announce that the customer has now confirmed that they will
license data under the framework contact worth approximately USD 2.5 million,
which will be recognized as revenue in the 3rd quarter.

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. 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 · august 13, 2021, 11:59am

EMGS: Updated mandatory notification of trade

Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 19 July 2021. The
stock exchange notification included mandatory notifications of trade for three
…

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persons closely associated with primary insiders (PDMRs) of EMGS in connection
with the Buy-Back (as defined in the stock exchange notice).

As a result of a settlement technicality, the number of bonds repurchased from
RWC European Focus Master Inc., an entity closely associated with board member
Petteri Soininen, was reduced from 8,108 to 8,100.

Updated details regarding the above trade are set out in the attached form.

Contact
Anders Eimstad, CFO, +47 948 25 836

This information is subject to the disclosure requirements in Regulation EU
596/2014 article 19 number 3 and the Norwegian Securities Trading Act § 5-12.

The stock exchange notification was published by Anders Eimstad, CFO,
Electromagnetic Geoservices ASA.

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