Electromagnetic Geoservices ASA

Regulatory Filings • Nov 16, 2017

EMGS receives two Letters of Intent for Prefunded Multi-client surveys offshore Indonesia

EMGS receives two Letters of Intent for Prefunded Multi-client surveys offshore Indonesia

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has

received Letters of Intent for two contracts under which EMGS will perform

prefunded multi-client acquisitions offshore Indonesia. The two contracts

represent a combined minimum gross contract value of USD 2.8 million.

Subject to inter alia final and binding contracts for the work, EMGS expects to

start the surveys in December 2017.

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,

Villahermosa, 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.