Electromagnetic Geoservices ASA

Regulatory Filings • Jul 16, 2015

EMGS receives permits for multi-client survey in Mexico

EMGS receives permits for multi-client survey in Mexico

EMGS is pleased to announce that the Company has received permits from Mexico's

Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of up to

approximately 88,000 square km 3D EM multi-client data in the Salina de Itsmo

Basin.

EMGS will prioritize acquiring EM data for the future bid rounds in Mexico as

outlined in the ''Plan Quinquenal de Licitaciones para la Exploración y

Extracción de Hidrocarburos 2015-2019'' announced by theSecretaría de Energía

(SENER) in early July.

"We are pleased and encouraged by the recently announced 5 year plan for future

licensing rounds offshore Mexico. It pairs well with our plans in Mexico and the

received CNH permits and enables us to now actively seek funding of our

projects", says Juan M. Santana, President EMGS North and South America.

EMGS has nearly five years of operational experience in Mexico, including in the

Perdido Trend near and across the border with the United States. EMGS' delivery

of EM data to - and in cooperation with the customer PEMEX has pioneered the

integration of seismic and EM data and helped PEMEX begin appraisals of

potential reserves.

In Southern Mexico, the Salinas exploration area encompasses major structures

with potential for world class reservoirs and oil accumulations. Lower Miocene

turbidite systems are considered to be the most attractive reservoir

opportunities, containing significant channel facies, with additional

indications for basin floor fans.  On trend to these structures EMGS has

conducted extensive surveys and developed the expertise to identify and

interpret EM indicators (resistors) that tie to seismic stratigraphic

interpretations, and thus, providing oil companies with additional geophysical

information for calibration of the play and trend.

Please find enclosed a map including an overview of the 5 year plan from SENER,

EMGS' multi-client project plans and received permits in Mexico.

Contact

Svein Knudsen, EMGS chief financial officer, +47 911 41 149

Charlotte Knudsen, EMGS head of investor relations, +47 9756 1959

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.

[HUG#1938927]