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Electromagnetic Geoservices

Electromagnetic Geoservices
2002 FOUNDED
PUBLIC STATUS
101-200 EMPLOYEES
EMGS STOCK SYMBOL
2 INVESTMENTS
$0.23 SHARE PRICE (As of Friday Closing)
Description

ElectroMagnetic GeoServices ASA is a Norway based company engaged in offering electromagnetic services. It principally uses electromagnetic survey method to find hydrocarbons in offshore reservoirs. The firm is focused on planning, acquisition, processing, modelling, interpretation, and integration of electromagnetic data. The oil and gas companies, as well as other customers of the group, use electromagnetic services to evaluate whether an offshore acreage is viable for commercial production of hydrocarbons. The business operations of the group are carried in Europe, the Middle East and Africa, North and South America, Asia and the Pacific Ocean. It generates revenue from the Contract sales and Multi-client sales.

Website
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Other Commercial Services
Other Industries
Other Energy Services
Energy Exploration
Stock Exchange
OSL
Primary Office
  • PB 1878 Lade
  • 7440 Trondheim
  • Norway

+47 911 00 000
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Electromagnetic Geoservices Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$0.14 - $0.48 $29.7M $0.23 -$0.07 98.5K 131M

Electromagnetic Geoservices Financials Summary

In Thousands,
USD
TTM
30-Sep-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 78,536 41,366 58,419 51,287
Revenue 65,568 31,550 33,896 44,527
EBITDA 12,819 (23,964) (12,387) (43,045)
Net Income (10,103) (36,599) (23,206) (52,831)
Total Assets 94,923 74,829 105,571 111,292
Total Debt 53,181 31,349 30,578 31,887
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Electromagnetic Geoservices Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Electromagnetic Geoservices Competitors (19)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Global Geophysical Services Private Debt Financed Missouri City, TX 000 0000 000000000 00 0000
000000000000 Corporation Houston, TX 000000 000000000000
0000000000000 0000 Formerly PE-Backed Calgary, Canada 000 0000 000000000 00 0000
0000000000 Corporation London, United Kingdom 00000 00000 000000 - 000 00000
000000 00000000000 Corporate Backed or Acquired Plano, TX 000 000000&0
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Electromagnetic Geoservices Acquisitions (2)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
000 0000000 15-Sep-2011 000000000000000000 00.000 Holding Companies 0000 000000
Offshore Hydrocarbon Mapping 01-Aug-2011 Merger/Acquisition Energy Exploration
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Electromagnetic Geoservices Exits (1)

Company Name Exit Date Exit Type Exit Size Status Buyers
000 0000000 15-Sep-2011 000000000000000000 00.000 Completed
  • 000000000000000 00
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Electromagnetic Geoservices Investors

Investor Name Investor Type Holding Participating Rounds Investor Since Board Seat Contact Info

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Electromagnetic Geoservices Executive Team (8)

Name Title Board
Seat
Contact
Info
Christiaan Vermeijden Chief Executive Officer
Hege Veiseth Chief Financial Officer
David Neser Chief Operating Officer & Chief Technology Officer
Svein Ellingsrud Ph.D Technical Director, Board Member And Primary Insider
Ståle Johansen Co-Founder

3 Former Executives

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Electromagnetic Geoservices Board Members (1)

Name Representing Role Since Contact
Info
00000 0000000000 00.0 Electromagnetic Geoservices Technical Director, Board Member And Primary Insider 000 0000