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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).
The subscription rights are expected to have a value. In order to benefit from this value, the shareholders must utilise their subscription rights by subscribing for shares or selling the subscription rights before the end of the subscription period. Subscription rights that are not used to subscribe for new shares prior to the end of the subscription period will have no value and will lapse without compensation to the holder. It is the responsibility of each shareholder to utilise its subscription right before the end of the subscription period, either by subscribing for new shares or by selling the subscription rights.
Listing and commencement of trading in the new shares on the Oslo Stock Exchange is expected on or about 1 October.
About EMGS EMGS is the market leader in electromagnetic (EM) imaging. The company launched the EM imaging industry in 2002 with the commercialisation of seabed logging, a proven exploration method that uses EM energy to help oil companies in their search for hydrocarbons. EMGS provides a full suite of services, including data planning, acquisition, imaging and interpretation. The company's integration systems enable seamless integration of EM data with seismic and other geophysical and geological information, giving explorationists a clearer and more complete understanding of the subsurface. This proprietary and patented technology has been developed over the past 10 years bringing dramatic improvement to exploration decision-making in frontier and mature provinces.
EMGS operates the world's largest EM vessel fleet and has conducted more than 350 surveys for many of the world's leading energy companies. The company's main offices are in Trondheim and Stavanger, Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com for the latest news and in-depth information about EMGS and EM imaging technology.
For general enquiries please email findinghydrocarbons@emgs.com
