Svein Ellingsrud, technical director, board member and primary insider of Electromagnetic Geoservices ASA (EMGS), has on 5 February 2014 bought 23,000 shares in EMGS at an average price of NOK 4.1969 per share.
After this transaction, Mr. Ellingsrud holds 1,023,000 shares in EMGS.
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 main offices in Trondheim and Oslo, Norway; Houston, USA; and Kuala Lumpur, Malaysia.
For more information, visit www.emgs.com