Previous close | 6.18 |
Open | 7.03 |
Bid | N/A x N/A |
Ask | N/A x N/A |
Day's range | 6.97 - 7.05 |
52-week range | 6.97 - 7.05 |
Volume | |
Avg. volume | N/A |
Market cap | 21.737M |
Beta (5Y monthly) | 2.50 |
PE ratio (TTM) | N/A |
EPS (TTM) | -4.82 |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
June 1, 2023, Oslo, Norway: PGS is awarded a 3D exploration acquisition contract in the Mediterranean by a major international energy company. Ramform Hyperion is expected to mobilize for the survey late third quarter and the program has a total duration of approximately 70 days. “We are very pleased with this contract award, which improves our visibility into the fourth quarter. There is increasing exploration interest in the Mediterranean following recent discoveries in this prolific gas provi
May 31, 2023, Oslo, Norway: PGS has secured industry pre-funding for another large multi-season MultiClient survey in the Norwegian Sea. The first phase of the survey will be acquired in 2023 by the Ramform Hyperion. Acquisition is scheduled to start late June with a duration of approximately 75 days. The second phase of the survey will be completed in the 2024 season with a further approximately 70 days of acquisition. “I am very pleased we have secured strong pre-funding for another large Mult
May 30, 2023, Oslo, Norway: PGS, together with JV consortium partners TGS and SLB have secured pre-funding to expand MultiClient 3D coverage in the prospective Sarawak Basin offshore Malaysia. The survey will cover approximately 6,800 square kilometers and the Ramform Sovereign is scheduled to commence acquisition in June 2023 and complete in August. The survey is the second phase of a multi-year contract awarded initially by PETRONAS in August 2020 to acquire and process up to 105,000 km² of Mu
May 22, 2023, Oslo, Norway: PGS (or the "Company") announces that the 2023 long term incentive plan, as approved by the Annual General Meeting on April 26, 2023, has now been implemented by allocating 4 639 000 Performance based Restricted Stock Units ("PRSUs"). 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 participant's continued employment with the C
May 19, 2023, Oslo, Norway: PGS has executed the final contract* with an independent energy company for a 3D survey in the Barents Sea to be acquired by the Ramform Hyperion. The project is about to start and duration is approximately 40 days. PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of $10 million or more, MultiClient projects with a duration of 2 months or more and strategically important contracts. *The contract was included
May 11, 2023, Oslo, Norway: PGS has entered into a seismic acquisition contract* for carbon storage offshore Norway by an independent energy company. The project is scheduled to start in September and has a duration of approximately one month. “In 2022 we established a strong position in the carbon storage geo-services market, and successfully completed four carbon storage acquisition jobs. I am very pleased with this contract in an early phase of the carbon capture and storage market,” says Pre
Strong Acquisition Revenues in a Recovering Seismic Market Highlights Q1 2023 Produced Revenues (see Note 1 and 2) of $172.2 million, compared to $140.3 million in Q1 2022Produced EBITDA of $71.5 million, compared to $55.9 million in Q1 2022Revenues and Other Income according to IFRS of $143.1 million, compared to $136.2 million in Q1 2022EBIT (ex. impairments and other charges, net) according to IFRS a loss of $16.1 million, compared to a loss of $20.6 million in Q1 2022Cash flow from operation
April 26, 2023, 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 or www.pgs.com. Attachment Genforsprotokoll AGM 2023
April 14, 2023, Oslo, Norway: Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q1 2023 of approximately $143 million, compared to $136.2 million in Q1 2022. The Company expects Produced Revenues* for Q1 2023 of approximately $172 million, compared to $140.4 million in Q1 2022. Contract revenues ended at approximately $94 million in Q1 2023, compared to $61.5 million in Q1 2022. MultiClient late sales revenues were approximately $26 million in Q
April 5, 2023 Oslo, Norway: PGS will release its Q1 2023 results on Thursday April 27, 2023 at approximately 08:00 am Central European Summer Time (CEST). The earnings release and the earnings presentation will be published on www.newsweb.no and on PGS’ website www.pgs.com. President & CEO Rune Olav Pedersen and EVP & CFO Gottfred Langseth will present the results the same day at 09:00 am CEST at PGS' headquarters, Lilleakerveien 4C, Oslo, Norway. The presentation is open to the public and will
March 31, 2023, Oslo, Norway: PGS ASA and/or its subsidiaries ("PGS" or the "Company") announced on March 17, 2023 that the Company had successfully placed a new $450 million senior secured bond, with proceeds, together with available cash, to be used to repay $600 million of the Company's Term Loan B maturing in March 2024 (the "Transaction"). The Transaction was completed today. FOR DETAILS, CONTACT: Bård Stenberg, VP IR & Corporate Communication Mobile: +47 99 24 52 35 ***PGS ASA and its subs
CORRECTION vs. release sent March 29, 2023 at 10:13:01: The European Single Electronic Format (ESEF) file-name attached to this release is aligned with the ESEF file-name referred to in the Auditor's report. March 29, 2023, Oslo, Norway: PGS' 2022 annual report can be downloaded from www.pgs.com or www.newsweb.no. The Company's 2022 annual financial statements in ESEF can be downloaded from the same webpages. For details, contact:Bård Stenberg VP IR & Corporate CommunicationMobile: +47 992 45 23
March 29, 2023, Oslo, Norway: PGS' 2022 annual report can be downloaded from www.pgs.com or www.newsweb.no. The Company's 2022 annual financial statements in European Single Electronic Format (ESEF) can be downloaded from the same webpages. For details, contact: Bård Stenberg VP IR & Corporate Communication Mobile: +47 992 45 235 Attachments PGS Annual Report 2022 PGS_ESEF 2022-12-31-en
March 22, 2023, Oslo, Norway: PGS is awarded a 3D exploration acquisition contract by a major international energy company. Ramform Titan is scheduled to mobilize for the survey in late June and acquisition is expected to complete in August 2023. “We are very pleased with this contract award, which further improves our visibility for the summer season. Our Ramform acquisition platform in combination with multi-sensor GeoStreamer technology will provide the client with high-quality seismic data,”
March 17, 2023, Oslo, Norway: PGS ASA and/or its subsidiaries (“PGS” or the “Company”) has successfully placed a new $450 million senior secured bond with 4-year tenor (the “Bonds”). The proceeds from the Bonds will together with cash held on balance sheet be used to repay $600 million of the Company’s Term Loan B (the “TLB”) maturing in March 2024 at par value (the “Transaction”). The Transaction is expected to be completed around March 31, 2023. The offshore seismic market is in strong recover
March 6, 2023, Oslo, Norway: In conjunction with PGS ASA and/or its subsidiaries’ (“PGS”) contemplated bond issue announced today (the “Bonds”) PGS is pleased to announce that the international credit rating agencies Moody’s Investors Services (“Moody’s”) and S&P Global Ratings (“S&P”) have published updated information regarding PGS’ credit rating, as well as an instrument rating for the Bonds. Reference is made to the respective releases from the agencies. Moody’s has assigned a B3 rating to t
March 6, 2023, Oslo, Norway: PGS ASA and/or its subsidiaries (the “PGS”) has mandated DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS to arrange a series of fixed income investor meetings scheduled to commence today. A new 4-year senior secured bond of USD 450 million may follow, subject to inter alia market conditions. Net proceeds from the contemplated bond issue will, together with cash on balance sheet, be used to repay USD 600 million of PGS’s existing Term Loan B maturing in
March 3, 2023, Oslo, Norway: PGS has signed a 3D exploration acquisition contract* for work offshore Namibia. Ramform Titan is mobilizing for the survey and acquisition is expected to complete in late May 2023. “We are very pleased with this contract award, as it follows nicely after the previous project and secures visibility for the vessel into the 2023 summer season,” says President & CEO in PGS, Rune Olav Pedersen. PGS announces contract awards and MultiClient projects as stock exchange rele
Strong Revenue Growth in a Recovering Seismic Market Highlights 2022 Produced Revenues (see Note 1 and 2 in the attached Q4 earnings release) of $817.2 million, compared to $590.0 million in 2021Produced EBITDA of $446.7 million, compared to $320.2 million in 2021Revenues and Other Income according to IFRS of $825.1 million, compared to $703.8 million in 2021, with an EBITDA of $454.6 million, compared to $434.0 million in 2021EBIT (ex. impairments and other charges, net) according to IFRS of $1
January 25, 2023, Oslo, Norway: PGS has been awarded its first ultra-high resolution windfarm site characterization project, sealing its entry into a strategically important new energy market. PGS New Energy offers solutions to the ongoing energy transition by building on the subsurface and operational expertise of PGS’ employees and using the Company’s assets. PGS aims to develop New Energy into a significant business unit and during 2022 the Company established a strong position in the carbon
January 24, 2023, Oslo, Norway: PGS will publish its Q4 2022 earnings release and capital markets day presentation on Thursday January 26, 2023 at approximately 07:00am Central European Time (CET). The documents will be published on www.newsweb.no and on PGS’ website www.pgs.com. Presentation of the Q4 2022 results and Capital Markets Day material will begin the same day at 09:00am CET at Felix Conference Center, Bryggetorget 3 in Oslo. Agenda*: 09:00 PGS strategy and seismic market outlook – Ru
January 24, 2023, Oslo, Norway: Equinor has exercised an option to extend the framework agreement entered in March 2021 by two additional years. The two-year framework agreement covers 4D monitoring surveys on the Norwegian and the UK continental shelf. As a part of the agreement, Equinor has two 2-year options, of which one option has now been exercised. From the current agreement, PGS will acquire a 4D survey over the Gullfaks field and a 4D survey over the Gudrun field during the 2023 summer
January 23, 2023, Oslo, Norway: PGS is awarded a 3D exploration acquisition contract in the Mediterranean by an international energy company. Ramform Hyperion is mobilizing for the survey and expects to complete in late April. “We are very pleased with this contract award which is the third sequential survey for Ramform Hyperion in the highly active Mediterranean geo-market where we have built a solid acquisition campaign through the winter season,” says President & CEO in PGS, Rune Olav Pederse
January 19, 2023, Oslo, Norway: PGS will publish its Q4 2022 earnings release and capital markets day presentation on Thursday January 26, 2023 at approximately 07:00am Central European Time (CET). The documents will be published on www.newsweb.no and on PGS’ website www.pgs.com. Presentation of the Q4 2022 results and Capital Markets Day material will begin the same day at 09:00am CET at Felix Conference Center, Bryggetorget 3 in Oslo. Agenda*: 09:00 PGS strategy and seismic market outlook – Ru
January 10, 2023, Oslo, Norway: Based on a preliminary review, PGS expects to report Revenues and Other Income according to IFRS for Q4 2022 of approximately $217 million, compared to $210.4 million in Q4 2021. The Company expects Revenues and Other Income on a percentage-of-completion basis (“Produced Revenues”) for Q4 2022 of approximately $251 million, compared to $174.3 million in Q4 2021. PGS will in connection with the Q4 2022 financial statements disclose alternative performance measures