Electromagnetic Geoservices ASA

Regulatory Filings • Oct 17, 2017

EMGS prepares for multi-client survey west of Newfoundland, Canada

EMGS prepares for multi-client survey west of Newfoundland, Canada

Electromagnetic Geoservices ASA and its wholly owned subsidiary Electromagnetic

Geoservices Canada Inc. (together, "EMGS") have initiated preparations for

carrying out a pre-funded multi-client survey west of Newfoundland, Canada. The

survey represents a minimum level of revenues to EMGS of approx. USD 2.5

million.

The survey is expected to be executed in the fourth quarter of 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.