Electromagnetic Geoservices ASA

Regulatory Filings • Mar 23, 2019

EMGS receives Letter of Intent

EMGS receives Letter of Intent

Electromagnetic Geoservices ASA ("EMGS" or the "Company") has today received a

letter of intent for a fully pre-funded multi-client survey in the Norwegian

Barents Sea.

The total value of the letter of intent is approximately USD 2.5 million. The

Company will mobilise the vessel Atlantic Guardian to carry out the survey, and

expects to complete acquisition work within the second quarter of 2019.

Contact

Hege Veiseth, CFO, +47 992 16 743

About EMGS

EMGS, the marine EM market leader, uses its proprietary electromagnetic (EM)

technology to support oil and gas companies in their search for offshore

hydrocarbons. EMGS supports each stage in the workflow, from survey design and

data acquisition to processing and interpretation. The Company's services enable

the integration of EM data with seismic and other geophysical and geological

information to give explorationists a clearer and more complete understanding of

the subsurface. This improves exploration efficiency and reduces risks and the

finding costs per barrel.

EMGS operates on a worldwide basis with offices in Trondheim, Oslo, Houston,

Mexico City, Rio de Janeiro and Kuala Lumpur.

For more information, visit www.emgs.com (http://www.emgs.com/)

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act