Reference is made to the stock exchange notification published by Electromagnetic Geoservices ASA ("EMGS" or the "Company") on 15 October 2018, wherein it was announced that Bjørn Petter Lindhom had been appointed interim CEO of the Company.
The board of directors of the Company has now resolved to make the appointment permanent.
Eystein Eriksrud, Chairman of the board of directors: "The board of directors is very pleased with the strong positive developments in EMGS. As previously announced, the Company has secured a number of important awards, including the LOA for a USD 73 million proprietary acquisition contract for Pemex and the USD 24 million acquisition contract in south-east Asia, which has further strengthened the Company’s leading position within the global EM market.
The board of directors is very pleased to make Mr Lindhom’s appointment permanent, and look forward to continuing to work together with him and his management team.”
Contact
Hege Veiseth, CFO, +47 99 21 67 43
About EMGS
EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM) technology to support oil and gas companies in their search for offshore hydrocarbons. EMGS supports each stage in the workflow, from survey design and data acquisition to processing and interpretation. The Company's services enable the 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 on a worldwide basis with offices in Trondheim, Oslo, Houston, Mexico City, Rio de Janeiro and Kuala Lumpur.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act