Electromagnetic Geoservices ASA (EMGS) regrets to announce that Svein Knudsen, the Chief Financial Officer (CFO) of the Company, has tendered his resignation. Svein has held the position as CFO of EMGS since January 2005.
«Svein and I go way back, and he has been an instrumental part of the EMGS history since 2005. I regret that he has chosen to pursue other endeavors outside EMGS» says Stig Eide Sivertsen, CEO of EMGS.
Contacts
Stig Eide Sivertsen, Chief Executive Officer, +47 909 55 767
Charlotte Knudsen, Head of investor relations, +47 9756 1959
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