Electromagnetic Geoservices ASA (EMGS) announces that Dag W. Reynolds has decided to resign as Executive Vice President Sales and Business Development in order to pursue a new executive role in the oil and gas industry. EMGS would like to thank Dag for his valuable contribution to the Company and wish him continued success in his future endeavours.
Dave Ridyard, currently President EMGS North South America, will serve as acting Executive Vice President Sales and Business Development until a permanent replacement has been found. Dave has over 25 years of experience from the marine seismic industry. He joined EMGS in 2006 as Product Champion for 3D and Scanning and became President of EMGS North South America in May 2008.
Contact
Roar Bekker, EMGS chief executive officer +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer +47 22 01 14 00
Roar Bekker, EMGS chief executive officer +47 22 01 14 00
Svein Knudsen, EMGS chief financial officer +47 22 01 14 00
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 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 has conducted more than 600 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, Stavanger and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for more information.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.