Q3 2017 Presentation

Recorded Webcast of the Presentation

Magseis held a presentation at Høyres Hus in Oslo 2nd of November at 09.00 Local time. The presentation was well attended and was being held by Idar Horstad, CEO and Mikkel Ekvedt CFO. This presentation was the first where we recorded the presentation and the Q&A session at the end.

The Recording is available here, with registration – Click on Image

Webcast Q3 2017

The full Report and the Presentation is available as PDF file under our IR section

The Highlights of Q3 2017

  • Completion of ConocoPhillips’ Eldfisk 4D survey using our new modular ROV crew
  • Full utilisation and continued strong production on S-78 extension in the Red Sea
  • Field test of Seismic Apparition’s Source Isolation technology
  • Revenue of USD 28.7 million compared to USD 13.1 million in 2016
  • EBITDA of USD 13.9 million compared to USD 3.0 million in 2016
  • Net profit of USD 9.7 million compared to USD -8.8 million in 2016

First nine months

  • Revenue of USD 69.1 million compared to USD 39.9 million in 2016
  • EBITDA of USD 30.7 million compared to USD 3.0 million in 2016
  • Net profit of USD 16.5 million compared to USD -16.8 million in 2016