Brief: EMGS: LoI For Multi-Client Pre-Funding In Namibia

Voim ASA

28/02/2020 15:35

Feb 28 (Reuters) - Electromagnetic Geoservices ASA  EMGS.OL :
    * REG-EMGS RECEIVES LETTER OF INTENT FOR MULTI-CLIENT PRE-FUNDING IN NAMIBIA
    * HAS RECEIVED A LETTER OF INTENT WITH A MINIMUM VALUE OF USD 3.6 MILLION FROM AN
UNDISCLOSED
CUSTOMER ON BEHALF OF A JV BLOCK CONSORTIUM, OFFSHORE NAMIBIA
    * UNDER TERMS OF PENDING DATA LICENSING AGREEMENT, A FINAL SURVEY OPTION TYPE AND LICENSE
FEE IS
EXPECTED TO BE DETERMINED BY CUSTOMER WITHIN END OF Q1 2020
    * SURVEY ACQUISITION IS EXPECTED TO COMMENCE BETWEEN 1 MAY AND 1 AUGUST 2020 USING VESSEL
ATLANTIC
GUARDIAN

Source text for Eikon:  ID:nGNE5Q5nYr 
Further company coverage:  EMGS.OL 

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