PGS will have a capital markets day in combination with the Company's Q4 2022 earnings release on Thursday January 26, 2023. The event will take place at Felix Conference Center, Bryggetorget 3 in Oslo, and is scheduled to start at 09:00am CET. Management's concluding remarks are expected around 11:30 CET, followed by a light lunch. There will be a live webcast of the event and a replay will be available shortly after. A [...]
December 22, 2022, Oslo, Norway: PGS is awarded a significant 4D production contract by Petrobras over the Barracuda-Caratinga field in the Campos basin offshore Brazil. Mobilization is scheduled to start in Q2 2023 and acquisition is expected to complete early 2024. The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel. The cost of [...]
December 19, 2022, Oslo, Norway: PGS has secured pre-funding to expand MultiClient 3D coverage in the prospective Sabah platform province offshore Malaysia. The survey will cover approximately 3,500 square kilometers and Ramform Sovereign is scheduled to commence acquisition in January 2023 and the project is expected to complete in March. This survey is the sixth phase of MultiClient acquisition in the prolific Sabah [...]
12 December 2022 Reference is made to the stock exchange announcement made by PGS ASA on 23 November 2022 regarding commencement of a subsequent offering of up to 45,841,000 new shares at a subscription price of NOK 6.70 . The subscription period for the Subsequent Offering will expire today, 12 December 2022, at 12:00 . In the resolution passed by the Company's Extraordinary General Meeting on 23 November 2023 , the [...]
December 7, 2022, Oslo, Norway: PGS, in collaboration with TGS, has secured pre-funding for the Santos Sul MultiClient 3D project in the southwest Santos Basin offshore Brazil. The PGS/TGS collaboration combines the operational and technical strengths of both companies to provide high quality MultiClient data and timely delivery, which are critical to the exploration efforts in this area. The survey will cover more than [...]
Oslo, 24 November 2022 Reference is made to previous stock exchange announcements by PGS ASA regarding a successfully placed private placement of new shares in the Company , raising gross proceeds of NOK 1,536 million , a potential subsequent offering of new shares, and the Company's extraordinary general meeting's approval of the same on 23 November 2022. The Private Placement The Private Placement consists of one [...]
November 24, 2022, Oslo, Norway: PGS is awarded a 3D exploration acquisition contract in the Mediterranean by an independent energy company. Ramform Hyperion will commence acquisition in late November and expect to complete mid-January 2023. "We continue to experience increased exploration activity in this prolific region and are very pleased with this contract award. We currently have the Ramform Hyperion working in the [...]
Oslo, 23 November 2022 Reference is made to the stock exchange announcements by PGS ASA on 1 November 2022 regarding a successfully placed private placement of new shares in the Company, raising gross proceeds of NOK 1,536 million , a potential subsequent offering of new shares, and the calling for an extraordinary general meeting in the Company to approve the Private Placement and the Subsequent Offering. The EGM was [...]
Oslo, 2 November 2022 Reference is made to the stock exchange announcements by PGS ASA on 1 November 2022 regarding a successfully placed private placement of new shares in the Company, and a potential subsequent offering . PGS hereby calls for an extraordinary general meeting in the Company to be held on 23 November 2022 at 10:00 hrs , where the approval of the Private Placement and the Subsequent Offering is on the [...]
Oslo, 2 November 2022 Reference is made to the stock exchange announcement by PGS ASA on 1 November 2022 regarding a successfully placed private placement of new shares in the Company . The Board of Directors has resolved to propose to the Company's extraordinary general meeting that the Company conducts a subsequent offering with gross proceeds of up to NOK 307,134,700 by issuing up to 45,841,000 new shares at NOK 6.70 [...]
Oslo, 2 November 2022 Reference is made to the stock exchange notice by PGS ASA on 1 November 2022 regarding the successfully placed private placement of 229,250,000 new shares in the Company . The following primary insiders in the Company were allocated shares in the Private Placement: Trond Brandsrud, Director was allocated 20,000 shares in the Private Placement; Richard Herbert, Director, was allocated 46,000 shares in [...]
Oslo, 1 November 2022 Reference is made to the stock exchange announcement by PGS ASA on 1 November 2022 regarding a contemplated private placement of new shares. The book-building for the Private Placement has been successfully completed, raising gross proceeds of NOK 1,536 million , through the allocation of 229,250,000 new shares in the Company , each at a subscription price of NOK 6.70 per New Share , representing a [...]