emgs

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA (EMGS), the market leader in electromagnetic (EM) imaging, today reported that, following proceedings launched by Schlumberger, three of its patents were not upheld in a first instance decision at the High Court in London. EMGS retains over 115 patents in 32 jurisdictions and in excess of 130 applications in 26 jurisdictions around the world.

EMGS (OSL:EMGS) The Financial calendar for 2009 for Electromagnetic Geoservices ASA (EMGS) is as follows:

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA (EMGS) announced today that it has launched the world's first purpose-built EM survey vessel in order to enhance hydrocarbon exploration across the world. The new vessel, the BOA Thalassa, was built by Bergen Group Fosen and is leased from the owner BOA Offshore on a long-term charter.

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA (EMGS) has been awarded a contract worth about USD 7.5 million to use its Clearplay Test service to rank several hydrocarbon prospects offshore Malaysia. The 3D electromagnetic (EM) surveys will start shortly. Terje Eidesmo, EMGS chief executive officer, commented: "Our services provide rapid, accurate ranking of hydrocarbon prospects in offshore locations. Testing these prospects with EM technology significantly reduces the likelihood of drilling dry wells, which in turn means reduced commercial risk for this repeat customer." The prospects will be targeted by towing an EM source over receivers placed 1 - 2 km apart in a grid. The wide-azimuth, 3D EM data will then be processed to create resistivity maps and volumes. "More of our customers are turning to survey layouts where the receivers are placed in a grid rather than in lines, and this trend will accelerate in the future. These 3D EM surveys provide data for the entire prospect, not ...

EMGS (OSL:EMGS) Highlights in the third quarter 2008:

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA's (EMGS) third quarter 2008 results will be released on Thursday 20 November 2008. CEO Terje Eidesmo and CFO Svein Knudsen will present the third quarter results from 0830 CET at Hotel Continental, Stortingsgaten 24, Oslo. Breakfast will be served from 0815.

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA (EMGS) has been awarded a contract with the independent prospect generation company FOCUS Exploration to license multi-client EM data for exploration purposes in the Gulf of Mexico. The contract is worth more than USD 4.6 million, with the potential for additional work and revenues for EMGS.

EMGS (OSL:EMGS) Reference is made to the prospectus dated 3 September 2008 in relation to the fully underwritten rights issue of up to 16,512,549 new shares in Electromagnetic Geoservices ASA at a subscription price of NOK 15.14 per share.

EMGS (OSL:EMGS) Please click on the link below to download the presentation held by EMGS at Pareto Securities' Oil & Offshore Conference 2008 in Oslo, Norway, today September 11, 2008.

EMGS (OSL:EMGS) The subscription period in Electromagnetic Geoservices` rights offering and trading in the subscription rights commence today. The subscription rights will trade under ticker code `EMGS T` and with the ISIN number NO 001 0455371 until 18 September 2008 at 17:30 (CET).