Press Releases

Up-to-Date Business Announcements from TGS

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Launch of Mandatory Offer in Magseis Fairfield ASA

10 November 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFULOSLO, Norway (10 November 2022) - Reference.

TGS Commences 3D Reprocessing Project Offshore Uruguay

10 November 2022

OSLO, Norway (10 November 2022) – TGS, a global provider of energy data and intelligence, today announced it has commenced a 3D data reprocessing program offshore Uruguay. Tannat 3D PSDM Repro consists of 25,000 square kilometers, covering blocks in the active Uruguay Licensing Round. The data will.

TGS Quarterly Dividend

27 October 2022

OSLO, Norway (27 October 2022) – Following the authorization from the Annual General Meeting on 12 May 2022, the Board of TGS ASA has resolved to distribute a quarterly dividend of the NOK equivalent of USD 0.14 per share (NOK 1.48 per share) in Q4 2022.Key information relating to the cash dividend:

TGS Announces Q3 2022 Results

27 October 2022

OSLO, Norway (27 October 2022) - TGS today reported interim financial results for Q3 2022. Total revenue amounted to USD 135 million in Q3 2022 versus USD 200 million in Q3 2021. The late sales portion of revenues was USD 65 million, representing a substantial increase compared to the USD 31.

TGS – Q3 2022 Presentation and Webcast

25 October 2022

OSLO, Norway (25 October 2022) – Following the pre-announcement of its Q3 2022 revenues, TGS will release its entire Q3 2022 results at 7:00 am CET on 27 October 2022.

TGS – New Share Capital Registered

11 October 2022

OSLO, Norway (11 October 2022) - Reference is made to the stock exchange announcement today regarding the issuance of consideration shares under the recommended voluntary exchange offer by TGS ASA to acquire all shares in Magseis Fairfield ASA. The share capital increase pertaining to the issuance.

Completion of the recommended voluntary exchange offer for all shares in Magseis Fairfield ASA

11 October 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFULOSLO, Norway (11 October 2022) - Reference.

TGS Q3 2022 Revenue Update

10 October 2022

OSLO, Norway (10 October 2022) - Based on preliminary reporting from operating units, TGS management expects net revenues for Q3 2022 to be approximately USD 135 million, compared to USD 200 million in Q3 2021. Net POC revenues* are expected to be approximately USD 119 million, compared to USD 61.

Preliminary results of the recommended voluntary exchange offer for all shares in Magseis Fairfield ASA

29 September 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Fulfilment of closing conditions for the recommended voluntary exchange offer for all shares in Magseis Fairfield ASA

29 September 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, INTO OR WITHIN AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA, THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL