First quarter results 2010
(Thomson Reuters ONE) -
Important events in the first quarter 2010:
* Total revenues at USD 10.7 million for the quarter
* EBITDA loss of USD 7.6 million
* EMGS awarded survey worth USD 5 million offshore West Africa
* Campaign in Norway worth USD 7 million awarded by Rocksource
* First joint EMGS-Fugro project completed
* New Executive Vice President Sales/Marketing and Business Development
Subsequent important events:
* Pre-funding from Statoil for Barents Sea multi-client campaign
* EMGS awarded contract worth USD 7.5 million
The full first quarter report and presentation can be downloaded by clicking on
the links below.
Contacts
Roar Bekker, EMGS chief executive officer, +47 73 56 88 10
Svein Knudsen, EMGS chief financial officer, +47 22 01 14 00
About EMGS
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)
[HUG#1417395]
First quarter report 2010: http://hugin.info/137402/R/1417395/367827.pdf
First quarter presentation 2010: http://hugin.info/137402/R/1417395/367828.pdf
Unternehmensinformation / Kurzprofil:
Datum: 20.05.2010 - 08:02 Uhr
Sprache: Deutsch
News-ID 21202
Anzahl Zeichen: 0
contact information:
Town:
Trondheim
Kategorie:
Business News
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"First quarter results 2010"
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