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ElectroMagnetic GeoServices ASA ( (DE:E2M) ) has provided an update.
In the second quarter of 2025, EMGS reported a vessel utilization rate of 44% with its vessel, the Atlantic Guardian, completing proprietary surveys in India and beginning multi-client surveys in the North Sea valued at USD 2.7 million. The company anticipates approximately USD 200,000 in multi-client late sales for the quarter, with financial results to be published on August 13, 2025. This activity reflects EMGS’s ongoing operations and strategic focus on multi-client projects, impacting its market positioning and stakeholder interests.
More about ElectroMagnetic GeoServices ASA
Electromagnetic Geoservices ASA (EMGS) is a leader in the marine electromagnetic (EM) market, providing technology to aid oil and gas companies in offshore hydrocarbon exploration. Their services cover survey design, data acquisition, processing, and interpretation, integrating EM data with seismic and other geophysical information to enhance exploration efficiency and reduce costs. Additionally, their technology is applicable in detecting marine mineral deposits and other offshore activities.
YTD Price Performance: -2.93%
Average Trading Volume: 163,831
Current Market Cap: NOK260.6M
For detailed information about E2M stock, go to TipRanks’ Stock Analysis page.