Reference is made to the stock exchange notice released today at
08:30. For the sake of good order, the subsequent offering of maximum
4,000,000 shares will be offered at NOK 4.50 per share.
The Board’s intention is to hold the subsequent offering unless the
share is traded at or below NOK 4.50 per share in the period from now
until the launch of the subsequent offering.
Roar Bekker, EMGS chief executive officer, +47 73 56 88 10
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
EMGS uses its proprietary electromagnetic (EM) technology to support
oil and gas companies in their search for offshore hydrocarbons. The
company is the EM market leader, and provides Clearplay, the world’s
first fully integrated EM system.
Three service offerings – Clearplay Find, Test and Evaluate – have
been designed to assist operators in the exploration and production
phase. Clearplay supports each stage in the workflow, from survey
design and data acquisition to processing and interpretation. The
services enable 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.
EMGS operates the world’s first purpose-built 3D EM vessel fleet and
has conducted more than 450 surveys to improve drilling success rates
across the world’s mature and frontier offshore basins. The company
operates on a worldwide basis with main offices in Trondheim and
Stavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please
visit www.emgs.com for more information.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.