EMGS has close dialogue with oil companies licensing EMGS software about new features and functionality. In 2018 we started a customer funded development of an inversion feature that will facilitate integration of geological models during the imaging step. This new feature will be delivered to the customer in Q2 2019.

Flott :)

Det vil gi selskapet et stort teknologisk forsprang

Fantastisk lesning. og de som selger, hva driver de på med ?
Her må det lastes

Hva de driver på med er ikke godt å svare på, de har vel en tanke.

EMGS’ management follows the Company’s liquidity risk closely, including weekly updates of the Group’s sales
forecast and vessel schedule, in addition to a corresponding update of the cost and free cash forecast. The
Company’s improved backlog in 2019 has reduced the uncertainty related to the timing of revenues and the
pressure on the Company’s cash position and consequently the Company’s ability to meet the cash covenant.
The Company is operating with very limited headroom under the free cash covenant. Management considers
the likelihood of a breach during the next twelve-month period to be low.

Ja, det ser endelig bra ut for EMGS. Gleder meg til Q1-rapporten og se søylediagrammet for backloggen. Herregud, det blir forskjell det!!

Q1-18
As of 31 March 2018, EMGS’ backlog was USD 3.1 million

Q1-19 blir backloggen ca USD 100 million.

Et par kontrakter til så er de derisket. Da begynner vi snakke reprising.

Backloggen øker med 3000% sammenlignet med samme periode i fjor. Det kan ikke vært langt unna ny rekord på oslo børs. Fra nesten null til en milliard i backlog.

Company outlook
The market outlook for oil services is challenging and characterised by high uncertainty. However, EMGS has noted an increase in commercial activity. In particular, the Company is experiencing increased interest and commercial and technical discussions to more and potentially substantial proprietary acquisitions outside of Norway. Sales efforts are ongoing to secure backlog in all regions.
Based on the current operational forecast, EMGS expects to operate two vessels globally in 2019. EMGS also plans to continue to invest in its multi-client library in selected areas. Capital investment plans are limited to maintenance of existing equipment.

En stor kontrakt til og skip nummer tre blir tatt ut av opplag (Boa Galatea).

Dersom studien de utarbeider sammen med Equinor blir positiv vil de få et nytt ras av kontrakter. De vil ha et stort teknologisk forsprang.

Det er vel neppe særlig troverdig da SBX skal bygge om Galatea og bruke den selv

Kan fort bli et tredje skip, men det blir ikke Boa G.

The financial liabilities with maturity less than one year will be settled through cash flow from operating activities in 2019. The Group has improved its backlog significantly in 2019, see Note 34 for description, which will have a positive effect on the cash flow from operating activities. Consequently, management considers the liquidity throughout 2019 sufficient to cover both the Group’s net current liabilities per 31 December 2018 and estimated cash-need in 2019.

Da kan men vel utelukke noe emisjon med det første, de har vel sikkert tenkt å kjøre en asset-light model hele veien.