Fourth quarter results 2009
(Thomson Reuters ONE) - Important events in the fourth quarter 2009: * Total revenues at USD 7.0 million for the quarter * EBITDA loss of USD 18.7 million * Data-licensing agreement with Rocksource in the Gulf of Mexico * 3D EM survey worth USD 5 million awarded in the Caribbean * Successful completion of private placement of 30 million shares at NOK 4.50 per shareSubsequent important events: * Appointment of Dag W. Reynolds as Executive Vice President of Sales, Marketing and Business Development * First joint EMGS - Fugro 3D EM Multi-Client project initiated in the Norwegian Sea * Successful completion of subsequent offering of 4 million shares at NOK 4.50 * Contract worth in excess of USD 7 million awarded by Rocksource in NorwayThe full fourth quarter report and presentation can be downloaded by clicking onthe links below.ContactsRoar Bekker, EMGS chief executive officer, +47 73 56 88 10Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00About EMGSEMGS uses its proprietary electromagnetic (EM) technology to support oil and gascompanies in their search for offshore hydrocarbons. The company is the EMmarket leader, and provides Clearplay, the world's first fully integrated EMsystem.Three service offerings - Clearplay Find, Test and Evaluate - have been designedto assist operators in the exploration and production phase. Clearplay supportseach stage in the workflow, from survey design and data acquisition toprocessing and interpretation. The services enable integration of EM data withseismic and other geophysical and geological information to give explorationistsa clearer and more complete understanding of the subsurface. This improvesexploration efficiency, and reduces risks and the finding costs per barrel.EMGS operates the world's first purpose-built 3D EM vessel fleet and hasconducted more than 450 surveys to improve drilling success rates across theworld's mature and frontier offshore basins. The company operates on a worldwidebasis with main offices in Trondheim and Stavanger, Norway; Houston, USA; andKuala Lumpur, Malaysia. Please visit www.emgs.com
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 11.02.2010 - 02:03 Uhr
Sprache: Deutsch
News-ID 1010240
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
Trondheim
Phone:
Kategorie:
Business News
Anmerkungen:
Diese Pressemitteilung wurde bisher 107 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Fourth quarter results 2009
"
steht unter der journalistisch-redaktionellen Verantwortung von
EMGS (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
