EMGS: Chairman steps down
02 Noviembre 2021 - 04:31AM
EMGS: Chairman steps down
Electromagnetic Geoservices ASA (“EMGS” or the “Company”) has
been notified by Ms Silje Augustson of her resignation from the
position as chairman of the board of directors (the “Board”) of
EMGS. The resignation is effective immediately, and is due to
personal reasons.
The Board would like to thank Ms Augustson for her leadership
and contributions to the Company during her tenure as
chairman.
The Board will, working closely with the nomination committee,
immediately start a process of evaluating whether to call for an
extraordinary general meeting of the Company to elect a new
chairman of the board, or whether a current member of the Board
should be elected as interim chairman until the next annual general
meeting of the Company.
Contact Anders Eimstad, CFO, +47 948 25 836
This information is published in accordance with the Norwegian
Securities Trading Act § 5-12.
About EMGS EMGS, the marine EM market leader,
uses its proprietary electromagnetic (EM) technology to support oil
and gas companies in their search for offshore hydrocarbons. EMGS
supports each stage in the workflow, from survey design and data
acquisition to processing and interpretation. The Company's
services enable the integration of EM data with seismic and other
geophysical and geological information to give explorationists a
clearer and more complete understanding of the subsurface. This
improves exploration efficiency and reduces risks and the finding
costs per barrel. CSEM technology can also be used to detect the
presence of marine mineral deposits (primarily Seabed Massive
Sulphides) and EMGS believes that the technology can also be used
to estimate the mineral content of such deposits. The Company is
undertaking early-stage initiatives to position itself in this
future market.
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