emgs

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).

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA (EMGS) has been awarded a contract with a new customer to perform its Clearplay Evaluate service to appraise a hydrocarbon prospect. The contract, which will be formally executed during the next days, is worth approximately USD 10 million. The electromagnetic (EM) survey will commence in September.

EMGS (OSL:EMGS) Reference is being made to the stock exchange release published on August 6, 2008 regarding the fully underwritten rights issue in the amount of NOK 250 million.

EMGS (OSL:EMGS) Highlights

EMGS (OSL:EMGS) Electromagnetic Geoservices (EMGS) has completed the world's largest multi-client electromagnetic (EM) survey in the Barents Sea, ahead of Norway's 20th exploration licensing round.

EMGS (OSL:EMGS) Electromagnetic Geoservices ASA's (EMGS) second quarter 2008 results will be released on Thursday 21 August 2008.