Important events in the fourth quarter 2009:
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Total revenues at USD 7.0 million for the quarter
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EBITDA loss of USD 18.7 million
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Data-licensing agreement with Rocksource in the Gulf of Mexico
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3D EM survey worth USD 5 million awarded in the Caribbean
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Successful completion of private placement of 30 million shares at NOK 4.50 per share
Subsequent important events:
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Appointment of Dag W. Reynolds as Executive Vice President of Sales, Marketing and Business Development
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First joint EMGS - Fugro 3D EM Multi-Client project initiated in the Norwegian Sea
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Successful completion of subsequent offering of 4 million shares at NOK 4.50
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Contract worth in excess of USD 7 million awarded by Rocksource in Norway