Brief: EMGS Vessel Update And Activity For The Second Quarter 2020

Voim ASA

06/07/2020 13:53

July 6 (Reuters) - Electromagnetic Geoservices ASA  EMGS.OL :
    * REG-EMGS: VESSEL UPDATE AND ACTIVITY FOR THE SECOND QUARTER 2020
    * ELECTROMAGNETIC GEOSERVICES ASA - AT END OF Q2 2020 COMPANY HAD ONE VESSEL ON CHARTER,
ATLANTIC
GUARDIAN
    * ELECTROMAGNETIC GEOSERVICES ASA - VESSEL UTILISATION FOR Q2 2020 WAS 23% COMPARED WITH 73%
FOR
Q2 OF 2019
    * ELECTROMAGNETIC GEOSERVICES ASA - IN Q2 OF 2020, COMPANY'S VESSELS WERE ALLOCATED 0% TO
PROPRIETARY WORK AND 23% TO MULTI-CLIENT PROJECTS
    * ELECTROMAGNETIC GEOSERVICES ASA - EXPECTS TO RECORD APPROXIMATELY USD 5 MILLION IN
MULTI-CLIENT
REVENUES FOR Q2 2020

Source text for Eikon:  ID:nGNE8CLF4m 
Further company coverage:  EMGS.OL 

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