Electromagnetic Geoservices (EMGS)

[TekBot]

EMGS reports second quarter 2021 results

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

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Highlights:

• The Company recorded revenues of USD 9.4 million, up from USD 7.5 million in
  the second quarter of 2020 and up from USD 1.6 million in the first quarter of

• Adjusted EBITDA (including capitalised multi-client expenses and vessel and
  office lease expenses) of USD 4.6 million, up from negative USD 2.0 million in
  the second quarter of 2020.

• Free cash increased with USD 1.1 million during the quarter, to USD 13.2
  million.

• Subsequent to the end of the second quarter 2021, EMGS completed the
  proprietary survey in Southeast Asia and has started transit back to Norway for
  a fully prefunded multi-client survey.

• In July 2021, EMGS completed a partial voluntary bond buy-back with a total
  nominal value of USD 4.0 million, resulting in annualised interest expense
  savings of approximately USD 200 thousand.

CEO of EMGS, Bjørn Petter Lindhom, comments:

"We are very pleased with having delivered a strong second quarter. We are
beginning to see the benefits of our shift to a more flexible business and
operational model. I am very grateful to our onshore and offshore personnel for
continuing to deliver above and beyond.

We will continue to invest in financially attractive multi-client programs,
while also realising the value of our existing multi-client library though
additional late sales. I am therefore particularly pleased to note the USD 3.6
million in late sales announced after the close of the second quarter."

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

[holmes]

Noen som vet hvorfor denne steg såpass i dag?

[Kronn]

Den har jo gjerne noen kraftige bevegelser, tror det er trader styrte greier. Eg vil vert forsiktig med å kjøpe veldig store mengder her, kan fort bli vanskelig å komme seg ut når ein vil.
Denne har mangen ganger gått kraftig før den siger like fort tilbake igjen.
Kanskje en ide å plukke på røde dager å selge på dager som i dag

[holmes]

Ser interessant ut teknisk, men børsen er jo litt usikker om dagen spesielt for denne type aksjer.

[Kronn]

Eg ville ha lest litt regnskap før eg hadde puttet vedlig store summer inn, det er en aksje det meste kan skje i, en restrukturering kan neppe komme overaskende her.

Eg er usikker på om dette er en aksje som kler deg Holmes

[TekBot]

EMGS: Vessel activity and multi-client sales update for the third 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
…

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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 third quarter 2021 the Company had one vessel on charter, the
Atlantic Guardian. During the quarter, the Atlantic Guardian completed the
proprietary survey in Southeast Asia and transited to Norway to commence a fully
funded multi-client survey in the North Sea, arriving late September.

The utilization for the third quarter was 48% compared with 32% for the third
quarter 2020.

EMGS had one vessel in operation and recorded 3.0 vessel months in the quarter.
In the third quarter 2020, the Company recorded 2.8 vessel months.

Multi-client revenues in the third quarter
The Company expects to record approximately USD 4 million in multi-client
revenues for the third quarter of 2021, a significant portion of which is
associated with the previously announced sale from the Company’s international
multi-client library.

EMGS will publish its third quarter 2021 financial results on Thursday 11
November 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

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: Chairman steps down

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has been notified by
Ms Silje Augustson of her resignation from the position as chairman of the board
of directors (the “Board”) of EMGS. The resignation is effective immediately,
…

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and is due to personal reasons.

The Board would like to thank Ms Augustson for her leadership and contributions
to the Company during her tenure as chairman.

The Board will, working closely with the nomination committee, immediately start
a process of evaluating whether to call for an extraordinary general meeting of
the Company to elect a new chairman of the board, or whether a current member of
the Board should be elected as interim chairman until the next annual general
meeting of the Company.

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]

Renteregulering

Det er fastsatt ny rente for NO0010821010.
Ny rentesats i perioden 09.11.2021 - 09.02.2022 er 5,64275.
Ticker:EMGS03
…

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Den nye rentesats (og rentebindindingsperiode) er fastsatt i henhold til avtale, jf. låneavtalens og tegningsinnbydelsens/lånebeskrivelsens bestemmelser.

Se vedlagt dokument for utfyllende informasjon.

(Publisert av Nordic Trustee, Cecilie Natalie Haug)

Kilde

[TekBot]

EMGS: reports third quarter 2021 results

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

…

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Highlights:

• The Company recorded revenues of USD 12.7 million, up from USD 2.1 million in
  the third quarter of 2020 and up from USD 9.4 million in the second quarter of

• Adjusted EBITDA (including capitalised multi-client expenses and vessel and
  office lease expenses) of USD 7.6 million, up from negative USD 1.2 million in
  the third quarter of 2020.

• Free cash increased with USD 1.5 million during the quarter, to USD 14.7
  million.

• EMGS completed a partial voluntary bond buy-back with a total nominal value of
  USD 4.0 million.

• EMGS impaired USD 2.1 million held in Accendo Banco S.A after regulators
  revoked their banking license.

• Subsequent to the end of the third quarter 2021, EMGS’ chairman of the board
  of directors stepped down.

CEO of EMGS, Bjørn Petter Lindhom, comments:

"The third quarter was strong both in terms of revenue and profitability, and in
terms of operational performance. Our cash position remains strong.

While we are now working on planning for the 2022 acquisition season, we
maintain our continuous focus on delivering on late-sales from our extensive
multi-client library, consulting and software services, and our initiatives with
respect to positioning the Company for the future marine minerals exploration
market."

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 extraordinary general meeting

Reference is made to the stock exchange announcement published by
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 2 November 2021
regarding resignation by the chairman of the board of directors (the “Board”) of
…

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EMGS.

As a result of the resignation, the nomination committee has proposed changes to
the Board and to the Company’s nomination committee.

EMGS hereby calls for an extraordinary general meeting in the Company to be held
at the Company’s offices on the 4th floor of Karenslyst Allé 4, 0278 Oslo on 25
November 2021 at 10:00 hours (local time).

The following matters are on the agenda: (i) changes to the Board and (ii)
changes to the nomination committee.

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.

Shareholders who would like to participate electronically, should send an email
to aeimstad@emgs.com to receive log in details.

The full notice with appendices is attached.

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

[Andyboi]

Synes Q3-tallene var svært gode. Fortsatt negativ egenkapital, men gi selskapet et par kvartaler til

Bra med cash til å komme seg gjennom en utfordrende vinter, og en mulig oppkjøpskandidat ?

Har foreløpig en lyttepost i denne, noen som har aksjer eller/og refleksjoner rundt denne?

[TekBot]

EMGS: Results of the extraordinary general meeting

An extraordinary general meeting of Electromagnetic Geoservices ASA (“EMGS” or
the “Company”) was held on 25 November 2021. All items on the agenda were
approved by the extraordinary general meeting.
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Thus, Mr. Frederik W. Mohn was elected as the Company’s new chairman of the
board, and Ms. Beatriz Malo de Molina was elected as a new board member.
Further, and as a result of Mr. Frederik W. Mohn’s resignation from the
Company’s nomination committee, Mr. Christos Makrygiannis was elected as a new
member of the Company’s nomination committee.

Minutes of the meeting and results of voting are attached and can also be found
on the company’s website www.emgs.com.

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 to launch second partial bond buy-back

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

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The second voluntary bond buy-back follows the successful voluntary bond buy-
back completed by the Company in July 2021, where the Company bought back and
subsequently discharged bonds with a total nominal value of USD 4,000,000 (equal
to 12.31 per cent of the Outstanding Bonds, as defined in the bond agreement, at
the date of launch of the first voluntary buy-back offer).

Under the second voluntary bond buy-back, the Company intends to offer to buy-
back outstanding bonds with an aggregate nominal value of up to USD 4,000,000
(equal to 14.03 per cent of the Outstanding Bonds, as defined in the bond
agreement, at the date hereof). 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 no later than 31 December 2021.

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]

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 16 December 2021
wherein the Company announced its intention to launch a voluntary, partial buy-
back of bonds with an aggregate nominal value 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 17 December 2021 at 09:00 CET and end on 22 December
2021 at 16:00 CET, and may be extended by EMGS at its own discretion.

Announcement of the result of the Buy-Back is expected on or about 23 December
2021 and the Buy-Back Settlement Date is expected to be on or about 28 December
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]

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 16 December 2021,
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 16 December 2021.

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

Following completion of the Buy-Back, the Company will have repurchased a
combined total of approx. 80,000 Bonds, with an aggregate nominal value of USD
8 million under the first and second voluntary bond buy-backs.

The combined buy-backs will result in annualised interest savings to the Company
of approx. USD 450,000 (under current reference interest rates).

As of the date of this announcement, the unaudited free cash position of EMGS,
excluding the cash to be used to settle the Bond Buy-Back, is approx. USD 9.2
million.

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:

1. Siem Investments S.à r.l. (“Siem Investments”), an entity closely associated
   with board member Jørgen Westad, has sold 15,633 Bonds to EMGS. Following the
   Buy-Back Settlement Date, Siem Investments will hold a total of 95,470 Bonds.

2. RWC European Focus Master Inc. (“RWC”), an entity closely associated with
   board member Petteri Soininen, has sold 8,100 Bonds to EMGS. Following the Buy-
   Back Settlement Date, RWC will hold a total of 49,300 Bonds.

3. Perestroika AS (“Perestroika”), an entity closely associated with chairman of
   the board Frederik Mohn, has sold 15,633 Bonds to EMGS. Following the Buy-Back
   Settlement Date, Perestroika will hold a total of 95,470 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]

Electromagnetic Geoservices ASA - PDMR notification in connection with transfer of bonds

Electromagnetic Geoservices ASA (the “Company”) is the issuer of convertible
bonds with ISIN NO 001 0821010 (the “Bonds”).

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On 29 December 2021, the Company was notified that Siem Investments S.à r.l., of
which Mr Jorgen Westad (a Non-Executive Director of the Company) is a director,
transferred its interests in 95,470 Bonds to Siem Industries S.A., of which Mr
Jorgen Westad is a director.

Further details regarding the above transfer 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]

EMGS - Vessel activity and multi-client sales update for the fourth 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 fourth quarter 2021 the Company had one vessel on charter, the
Atlantic Guardian. During the quarter, the Atlantic Guardian completed the fully
funded multi-client survey in the North Sea. Upon completion, the Atlantic
Guardian was placed in warm-stack until additional work is secured.

The utilization for the fourth quarter was 44% compared with 0% for the fourth
quarter 2020.

EMGS had one vessel in operation and recorded 3.0 vessel months in the quarter.
In the fourth quarter 2020, the Company recorded 3.0 vessel months.

Multi-client revenues in the fourth quarter
The Company expects to record approximately USD 4.3 million in multi-client
revenues for the fourth quarter of 2021.

EMGS will publish its fourth quarter 2021 financial results on Thursday 03
February 2022 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

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: Extension of maturity date for convertible bond

Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has resolved to
propose to the bondholders under the Company’s outstanding bond issue FRN
Electromagnetic Geoservices ASA Senior Unsecured Convertible Bonds 2018/2023
…

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(“EMGS03”) to extend the maturity date by 24 months from May 2023 to May 2025.

At the same time, the Company will also propose to increase the EMGS03 interest
margin (over the applicable reference rate) by 100 bps to 6.5 per cent.

Following the two successful voluntary bond buy-backs completed by the Company
in 2021, under which the Company repurchased a combined total of approx. 80,000
bonds with an aggregate nominal value of USD 8 million, the total outstanding
amount under EMGS03 is approx. USD 24.5 million.

The proposal will be submitted to bondholders under the procedure for written
resolutions provided for under the bond agreement. Bondholders representing a
sufficient majority to approve the proposal by way of a written resolution have
already indicated that they intend to vote in favour of the proposal.

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: Summons for Written Resolution of Bondholders

Reference is made to the stock exchange notification published by
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) on 27 February 2022
wherein EMGS announced its intention to propose a 24 month extension of the
…

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maturity date (from May 2023 to May 2025) for the Company’s outstanding bond
issue FRN Electromagnetic Geoservices ASA Senior Unsecured Convertible Bonds
2018/2023 (“EMGS03”) as well as a 100 bps increase to the interest margin (over
the applicable reference rate) from 5.5 to 6.5 per cent.

EMGS has today instructed Nordic Trustee AS, as trustee for EMGS03, to issue the
attached summons for a written resolution to the bondholders of EMGS03.

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 reports fourth quarter 2021 results

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

…

Vis børsmeldingen

Highlights:

• The Company recorded revenues of USD 5.1 million, up from USD 4.0 million in
  the fourth quarter of 2020 and down from USD 12.7 million in the third quarter
  of 2021.

• Adjusted EBITDA (including capitalised multi-client expenses and vessel and
  office lease expenses) of USD 0.4 million, down from USD 0.7 million in the
  fourth quarter of 2020.

• Free cash decreased by USD 4.8 million during the quarter (including USD 3
  million used towards the voluntary bond buy-back), to USD 9.9 million.

• EMGS completed a partial voluntary bond buy-back with a total nominal value of
  USD 4.0 million.

• Subsequent to the end of the fourth quarter 2021, EMGS proposed a 24-month
  extension of the maturity of the outstanding convertible bond issue, from May
  2023 to May 2025. The proposal, which also includes a 100 bps adjustment to the
  interest margin, has received indicative support from a sufficient majority of
  bondholders

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