June 1, 2021: Oslo, Norway, PGS and ION Geophysical Corporation today announced the successful completion of a survey offshore Egypt acquired on behalf of Shell with an innovative Extended Long Offset design in combination with ION's Gemini™ source technology. This is the last in a string of PGS programs successfully acquired in the Mediterranean starting in July 2020, and the first proprietary deployment of ION's [...]
PGS has begun the first phase of the Cyprus Vision data rejuvenation project in partnership with the Cypriot Ministry for Energy, Commerce and Industry. Revealing Prospectivity in Cypriot EEZ This 14 750 sq. km PSDM re-processing endeavor will deliver a single data volume over several highly prospective blocks in the Cypriot EEZ. Enhanced processing flows will add significant value to four input surveys, which were [...]
May 21, 2021: Oslo, Norway, PGS and Joseph Exploration announce a technical collaboration in the West Cameron protraction area, Gulf of Mexico, USA. Under this agreement, PGS will provide seismic data from the MultiClient 3D Flex Trend dataset for prospect development work to be undertaken by JEX. The prospect development work will benefit from collaboration between PGS processing and imaging experts and the JEX technical [...]
19 May, 2021 Additional full integrity products have been released from the PGS Flex Vision data rejuvenation program in the Gulf of Mexico. The application of new imaging technology to the prolific Flex Trend has revealed nearfield opportunities that boost potential far beyond original estimates. New data unlocks opportunities adjacent to existing discoveries, to enable infrastructure-led exploration in an area of the [...]
May 14, 2021: Oslo, Norway, PGS announces that the 2021 Long Term Incentive Plan , as approved by the Annual General Meeting on April 21, 2021, has now been implemented by allocating 5 993 000 Performance Restricted Stock Units . The awards are based on amongst other considerations the position in the Company and a review on the individual participant's performance prior to award. Any PRSU awarded will, subject to the [...]
May 11, 2021; Oslo, Norway, reference is made to PGS ASA convertible bond loan with ISIN NO0010920697 in the aggregate amount of NOK 116,162,097 issued in Q1 2021. The Company has received conversion notices from convertible bondholders representing NOK 1,811,373 in this bond issue to convert 1,811,373 bonds into shares with a conversion price of NOK 3. Pursuant to standard terms set out in the bond terms, the bonds are [...]
Gottfred Langseth EVP & CFO of PGS, has today April 27, 2021 bought 75 000 shares in PGS at a price of NOK 5.3 per share. Following the transaction, Gottfred Langseth owns 450 106 shares in PGS. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment Skjema for melding PGS aksjer KRT-1500 Langseth...
UPDATE includes attachment, which can be downloaded from www.newsweb.no. Anne Grethe Dalane, Board Member of PGS has today April 23, 2021 bought 30 000 shares in PGS at a price of NOK 5.03 per share. Following the transaction, Anne Grethe Dalane owns 48 000 shares in PGS. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment Skjema for melding [...]
Trond Brandsrud, Board Member of PGS, has today April 23, 2021 bought 25 000 shares in PGS at a price of NOK 4.964 per share. Following the transaction, Trond Brandsrud owns 60 000 shares in PGS. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. Attachment Skjema for melding PGS aksjer KRT-1500...
Anne Grethe Dalane, Board Member of PGS has today April 23, 2021 bought 30 000 shares in PGS at a price of NOK 5.03 per share. Following the transaction, Anne Grethe Dalane owns 48 000 shares in PGS. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act...
Encouraging MultiClient Sales Improving Vessel Utilization Takeaways Q1 2021 Segment Revenues and Other Income of $132.2 million, compared to $168.3 million in Q1 2020 Segment EBITDA of $84.1 million, compared to $80.5 million in Q1 2020 Segment EBIT loss of $13.9 million, compared to a loss of $15.8 million in Q1 2020 Segment MultiClient pre-funding revenues of $46.3 million, with a corresponding pre-funding level of [...]
April 21, 2021: Oslo, Norway, PGS held its Annual General Meeting today. The Annual General Meeting resolved to approve all matters as proposed in the Calling Notice. The minutes from the Annual General Meeting can be downloaded from www.newsweb.no and www.pgs.com. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment Genforsprotokoll-AGM 2021 [...]
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