Electromagnetic Geoservices ASA (the 'Company' or 'EMGS') has entered into an agreement with one of its clients related to the client's licenses to CSEM data from EMGS' multi-client library in Norway. The agreement covers the client's merger with another entity and the merger fees payable as a result of this, as well as an upfront settlement of all uplifts which would otherwise be payable to EMGS from that client as a result of license awards in APA17 and the 24 licensing round in Norway.

Furthermore, EMGS has entered into a data licensing agreement related to its existing CSEM multi-client library in the Americas.

The two agreements mentioned above represent combined net revenues to EMGS of approximately USD 5.9 million.
Contact
 Hege Veiseth, CFO, +47 992 16 743

EMGS - ElectroMagnetic GeoServices ASA published this content on 08 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 08 January 2018 08:39:05 UTC.

Original documenthttp://www.emgs.com/content/1449/EMGS-reports-multi-client-late-sales-and-revenues-related-to-existing-multi-client-licenses-

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