The below information is released to provide Magseis Fairfield shareholders updated financial information in connection with the announced voluntary exchange offer by TGS ASA to acquire all shares of Magseis Fairfield ASA.
Reference is made to announcement published 4 July 2022, regarding settlement of RSUs and PSUs and corresponding increase in the share capital of Magseis Fairfield ASA.
With reference to our press release from the 20th of June 2022, we are pleased to announce that the conditional award has been converted into an award.
We are pleased to announce a conditional award of a 4D Ocean Bottom Node (OBN) project in Asia from a repeat customer.
Reference is made to the stock exchange announcement by Magseis Fairfield ASA (MSEIS) on 4 July 2022 regarding settlement of stock units.
The Board of directors have adopted to increase the share capital of the Company by NOK 31,386.50 by issuance of 627,730 new shares, each with a nominal value of NOK 0.05
TGS ASA and Magseis Fairfield ASA announce today that they have entered into a transaction agreement whereby TGS on and subject to certain terms and conditions will put forward a voluntary exchange offer to acquire all shares of Magseis.
We are pleased to announce a conditional award of an OBN project in Gulf of Mexico from a repeat customer, with an option for a second program extension.
Reference is made to the announcement made on the 21st of January 2022, where Magseis Fairfield announced the award of an Ocean Bottom Node (OBN) survey in the North Sea using our Z700 crew.