Electromagnetic Geoservices ASA

Regulatory Filings • Dec 7, 2018

EMGS reports multi-client revenue

EMGS reports multi-client revenue

Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into

multi-client licensing agreements related to its multi-client library in Norway.

These agreements represent combined revenues of approximately USD 4 million,

whereof the majority of the revenue is related to late sales from the Company's

existing multi-client library.

The Company expects to recognise these revenues in the fourth quarter of 2018.

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

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.