Svein Knudsen, CFO and primary insider of Electromagnetic Geoservices ASA (EMGS), has today, 12 February 2015 bought 70,000 shares in EMGS at an average price of NOK 3.96 per share.
After this transaction, Mr. Knudsen holds 277,694 shares in EMGS and 510,000 options.
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