The shares in Electromagnetic Geoservices ASA will be traded ex subscription rights as of today September 1, 2008.
The subscription period and the trading in subscription rights on Oslo Børs is expected to commence on or about September 4, 2008, subject to the approval by Oslo Børs of the prospectus to be sent to the shareholders.
Please see the announcement from the company Friday, August 29, 2008.
Contacts
Svein Knudsen, EMGS chief financial officer +47 22 01 14 00
About EMGS
EMGS is the market leader in 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 help oil companies in their search for hydrocarbons. EMGS provides a full suite of services, including data planning, acquisition, imaging and interpretation. The company's integration systems enable seamless integration of EM data with seismic and other geophysical and geological information, giving explorationists a clearer and more complete understanding of the subsurface. This proprietary and patented technology has been developed over the past 10 years bringing dramatic improvement to exploration decision-making in frontier and mature provinces.
EMGS employs approximately 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 350 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