Electromagnetic Geoservices ASA

Regulatory Filings • Jun 2, 2017

EMGS reports approximately USD 2.4 million in sales

EMGS reports approximately USD 2.4 million in sales

Electromagnetic Geoservices ASA (EMGS) announces that the Company has entered

into various agreements with oil companies involving data licensing (prefunding

and late sales) related to 3D EM data in the Norwegian Sea and Barents Sea in

Norway. The agreements represent revenues of USD 2.4 million.

Contact:

Hege Veiseth, EMGS Chief Financial Officer, +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.