Delisting of the Magseis Fairfield ASA shares from trading on Oslo Børs
The MSEIS shares are delisted from trading on Oslo Børs, following TGS ASA acquiring all the shares in the company.
Final result of mandatory offer to acquire all shares in Magseis Fairfield ASA
The acceptance period for the Mandatory Offer expired at 16:30 hours (CET) on 21 December 2022. Following completion of the Mandatory Offer and subject to due settlement of the shares for which acceptances are received, the Offeror will own 264,890,034 Magseis Fairfield shares, equaling approximately 97,49% of the outstanding shares and votes in the Company.
Preliminary result of mandatory offer to acquire all shares in Magseis Fairfield ASA
The acceptance period for the Mandatory Offer expired at 16:30 hours (CET) on 21 December 2022. Following completion of the Mandatory Offer and subject to customary verification and due settlement of the shares for which acceptances are received, TGS will own 264,750,410 Magseis Fairfield shares, equaling approximately 97.43% of the outstanding shares and votes in the Company.
Together with our partners on Project Greensand, we are pleased to have mobilized our MASS nodes and modular source for testing a new CO2 monitoring technique.
At Project Greensand, we work to deliver innovative contributions, and we are proud to be at the forefront of our field and offer greater flexibility in the approach to seismic measurements for CCS monitoring.
Magseis Fairfield announces the conclusion of independent statement related to the mandatory exchange offer by TGS to acquire remaining MSEIS shares
On 11 October 2022 TGS completed the recommended voluntary offer to acquire Magseis Fairfield, through which TGS acquired approximately 75.40% of the MSEIS shares. The offer triggered an obligation to make a mandatory offer for all the remaining shares.
Magseis Renewables AS has secured data acquisition contract for North Sea CCS project
Magseis Renewables AS, a wholly owned subsidiary of Magseis Fairfield ASA, has secured a data acquisition contract for a CCS monitoring project in the North Sea.
Settlement of stock units in cash following change of control
Following TGS ASA acquiring majority of the Magseis Fairfield ASA shares and corresponding change of control, all outstanding stock units from the Long Term Incentive Program (“LTIP”) have been concluded and settled in cash at a price of NOK 8.08 per share
Magseis Fairfield awarded additional 4D OBN project in North Sea
Reference is made to the stock exchange announcement made earlier today regarding the award of a 4D OBN project in the North Sea with options for additional work. Magseis Fairfield announce that we have signed an agreement for an additional project to be covered as part of the program
Magseis Fairfield awarded 4D OBN project in North Sea
Magseis Fairfield announce that we have signed an agreement with a repeat customer for a 4D OBN project in the North Sea with options for additional work