Brief: EMGS Announces Additional Prefunding Related To Previously Announced Projects

Voim ASA

05/08/2024 12:07

Aug 5 (Reuters) - Electromagnetic Geoservices ASA
 EMGS.OL :
    * HAS SECURED AN ADDITIONAL USD 0.5 MILLION OF PREFUNDING
RELATED
TO THE OBN SURVEY
    * FOLLOWING THIS ADDITIONAL PREFUNDING, TOTAL CONTRACT
VALUE,
PRIOR TO REVENUE SHARE, IS APPROX. USD 1.5 MILLION
    * FOLLOWING THIS ADDITIONAL PREFUNDING, TOTAL CONTRACT
VALUE,
PRIOR TO REVENUE SHARE, IS APPROX. USD 1.5 MILLION
    * ADDITIONALLY, REFERENCE IS ALSO MADE TO STOCK EXCHANGE
NOTIFICATION PUBLISHED BY COMPANY ON 1 JULY 2024 WHEREIN EMGS
ANNOUNCED THAT COMPANY HAD RECEIVED MULTI-CLIENT PREFUNDING FOR
AN EM ACQUISITION PROJECT IN NORWAY WITH A MINIMUM CONTRACT
VALUE OF APPROXIMATELY USD 2.0 MILLION
    * FINAL SCOPE OF SURVEY ADDS USD 1.2 MILLION IN ADDITION TO
USD
2.0 MILLION PREVIOUSLY REPORTED, GIVING A TOTAL PREFUNDING OF
USD 3.2 MILLION FOR PROJECT

Source text for Eikon:  ID:nGNE2l2wcR 
Further company coverage:  EMGS.OL 

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