Following the transaction EMGS holds a total of 211,300 own shares representing 0.29 per cent of total shares outstanding.
At the Annual General Meeting 1 March 2007, the Board was authorized to acquire shares equal to par value of NOK 1,689,547, corresponding to 6,758,188 shares at NOK 0.25 par value.
Contact
Svein T. Knudsen, chief financial officer, +47 73 56 88 10
About EMGS
EMGS is the market leader in deep electromagnetic (EM) imaging. The company spawned the EM imaging industry in 2002 with the commercialisation of seabed logging, a proven exploration method that uses EM energy to find offshore hydrocarbons without drilling wells. This proprietary and patented technology has been developed over the past 10 years, and its ability to indicate hydrocarbons directly is enabling EMGS' customers to dramatically improve their exploration performance in frontier and mature provinces. EMGS employs over 250 people from three main offices in Trondheim, Norway; Houston, USA; and Kuala Lumpur, Malaysia. The company operates the world's largest seabed-logging vessel fleet, and has, since its incorporation in 2002, conducted more than 300 surveys for many of the world's leading energy companies.