Fjord Defence Group ASA

Regulatory Filings • Sep 4, 2020

AGS announces multi-client sale

AGS announces multi-client sale

4 September 2020, Lysaker, Norway

Axxis Geo Solutions ASA (OSE: AGS) has today entered into a data licensing agreement with an international oil company. The late sale is related to the company’s OBN Seismic Data Library over Utsira in Norway.

The Utsira OBN Seismic Data Library is now in its final stage of data processing and the complete survey will be ready for licensing during September 2020. The Utsira OBN survey is the world’s largest multi-client project of its kind, and we are proud to successfully pass this milestone together with our partners TGS and DUG.

“We are encouraged to see new clients licensing the Utsira OBN multi-client library, and with data processing being finalized, we expect significant customer interest,” says CEO Ronny Bøhn.

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contacts

Ronny Bøhn, CEO

Ronny.Bohn@axxisgeo.com

+47 905 58 517

Nils Haugestad, CFO

Nils.Haugestad@axxisgeo.com

+47 977 04 439

About AGS

Axxis Geo Solutions (AGS) is a pure-play ocean bottom node seismic company uniquely positioned to pursue both contract and multi-client seismic. AGS specializes on delivering tailored seismic solutions and flexible project management and execution to oil and gas companies world-wide. Its operations are based on a scalable asset-light setup through chartering of vessels and nodes to complete seismic surveys.

AGS is listed on Oslo Axess and traded under the ticker AGS.

More information on www.axxisgeo.com