The Board of Directors of Magseis ASA (OSE ticker: MSEIS)
has today approved the 2016 annual financial statements
prepared in accordance with International Financial
Reporting Standards ("IFRS").
Magseis ASA reported its IFRS unaudited fourth quarter and
preliminary full year 2016 results on 24 February 2017.
There were no changes to the consolidated financial
statements compared to those presented in the February
Magseis hereby publish the Annual Report for 2016. The
report is available at www.newsweb.no and www.magseis.com.
This information is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading
For further information, please contact:
Mikkel Ektvedt, CFO
+47 918 48 488
Magseis is a Norwegian geophysical company founded in 2009
providing ocean bottom seismic ("OBS") acquisition. The
Company's proprietary Marine Autonomous Seismic System
("MASS") enables highly cost-efficient acquisition and
delivers superior data quality. Magseis was listed on the
Oslo Stock Exchange (Oslo Axess) in 2014, and has 80
employees with extensive experience in geophysics and marine
seismic operations. The Company is headquartered in Oslo,
Norway and has offices in Norway, Sweden and Singapore.