EMGS - Update on operational review
EMGS - Update on operational review
As noted in Electromagnetic Geoservices ASA's (the "Company" or "EMGS")
financial report for the second quarter of 2025, the Company is currently
undergoing a review of its operational model including the need for a
permanently rigged vessel. As a result of this review, the Company has resolved
to not extend the charter agreement for the Atlantic Guardian. The vessel will
consequently be redelivered to her owners at the expiry of the current charter
period on 20 October 2025.
The operational review process is still ongoing. EMGS will seek to identify an
operational model which will be sustainable, flexible and allow the Company to
generate sufficient revenues.
EMGS will publish additional details as and when appropriate.
Contact
Anders Eimstad, Chief Financial Officer, +47 948 25 836
This information is published in accordance with the Norwegian Securities
Trading Act § 5-12.