PGS PGS ASA

PGS ASA: Annual Report 2023

PGS ASA: Annual Report 2023

April 29, 2024, Oslo, Norway: PGS' 2023 annual report can be downloaded from or

The Company's 2023 annual financial statements in European Single Electronic Format (ESEF) can be downloaded from the same web pages.



For details, contact:

Bård Stenberg VP IR & Corporate Communication

Mobile: .



Attachments



EN
29/04/2024

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Reports on PGS ASA

Baptiste Lebacq
  • Baptiste Lebacq

PGS : Fundamentals are improving

>Underperform recommendation, target price of NOK6 - Following the link-up with TGS, PGS shareholders will receive 0.06829 TGS shares for each PGS share held. We think this transaction makes sense for PGS shareholders, but we believe that it is more difficult to justify for shareholders of TGS shareholder whose business model of an asset-light group has proven its resilience over the past cycles. Following the Q1 2024 results publication and conference call, we maint...

Baptiste Lebacq
  • Baptiste Lebacq

PGS : Les fondamentaux s’améliorent

>Recommandation Sous-performance OC 6 NOK - A l’issue du rapprochement avec TGS, les actionnaires de PGS recevront 0.06829 action TGS pour chaque action PGS. Nous pensons que cette opération fait du sens pour les actionnaires de PGS mais nous estimons qu’elle est plus difficile à justifier pour un actionnaire de TGS dont le business model d’un groupe asset light a fait la preuve de sa résilience aux cours des différents cycles passés. A l’issue de la publication et d...

 PRESS RELEASE

PGS Contract Award in West Africa

PGS Contract Award in West Africa May 10, 2024, Oslo, Norway: PGS is awarded a 4D contract in West Africa for an international energy company. Mobilization is scheduled for early September. The contract has a total duration of approximately 65 days, with an option to extend. “We are very pleased with this contract award, securing visibility for another of our vessels well into the fourth quarter. After completion of scheduled acquisitions programs during the Northern Europe summer season we will steam a vessel to West Africa to commence this contract. By combining the Ramform acquisition p...

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