Electromagnetic Geoservices ASA

Earnings Release • Aug 20, 2015

EMGS reports multi-client sales from Barents Sea and Norwegian Sea

EMGS reports multi-client sales from Barents Sea and Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) has entered into two new data licensing

agreements with two oil companies for the provision of 3D EM data from EMGS'

multi-client data library over the Barents Sea and the Norwegian Sea worth USD

1.6 million.

The multi-client revenues, which are a combination of pre-funding and late

sales, will be booked in the third quarter 2015.

Contacts

Svein Knudsen, Chief financial officer, +47 911 41 149

Charlotte Knudsen, Head of investor relations, +47 97561959

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 main offices in Trondheim and Oslo,

Norway; Houston, USA; and Kuala Lumpur, Malaysia.

For more information, visit www.emgs.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

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