Highlights fourth quarter 2007
- Revenues in line with revised guidance
- EMGS' developing technology continues to drive awareness and acceptance of EM
- Repeat business and contract award by super major for work offshore Libya
- Contract award by important new client PEMEX, the national oil company of Mexico
- Operational costs in line with third quarter.
- EMGS expects profitable growth for the fiscal year 2008
Please see the full report and presentation for third quarter 2007 by clicking on the hyperlinks below.
Contacts:
EMGS:
Terje Eidesmo, chief executive officer +47 73 56 88 10
Svein Knudsen, chief financial officer +47 73 56 88 10
On behalf of EMGS:
Norway
Jan Petter Stiff, Crux Communications, +47 9951 3891
International
Steffan Williams, Capital MS&L +44 207 307 5332 (o) or +44 7767 345 563 (m)
Jennifer Martin, Capital MS&L +44 207 307 5335 (o) or +44 7841 401 304 (m)
James Madsen, Capital MS&L +44 207 255 5199 (o) or +44 7738 324 438 (m)
About EMGS
EMGS is the market leader in deep electromagnetic (EM) imaging. The company launched 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 300 people from three main offices in Trondheim, Norway; Houston, USA; and Kuala Lumpur, Malaysia. The company operates the world's largest EM vessel fleet, and has conducted more than 300 surveys for many of the world's leading energy companies.
Please visit www.emgs.com for the latest news and in-depth information about EMGS and EM imaging technology.
For general enquiries please email findinghydrocarbons@emgs.com.
