Electromagnetic Geoservices ASA

Regulatory Filings • Oct 6, 2014

EMGS - Letter of Intent with International Oil Company in Malaysia for BOA Thalassa

EMGS - Letter of Intent with International Oil Company in Malaysia for BOA Thalassa

Electromagnetic Geoservices ASA (EMGS) has received a letter of intent worth USD

6.8 million from an International Oil Company for 3D EM data acquisition in

Malaysia.

"We are pleased to announce the first of several new projects in Asia. Due to

increased demand for our EM services among new and existing customers we

anticipate to keep one vessel operating in this region for most of or all of

2015," says CEO of EMGS, Roar Bekker.

The survey will be done using the vessel BOA Thalassa. The vessel is currently

on its way to Asia and is expected to arrive in Singapore for inspection mid-

October and thereafter commence the acquisition as soon as possible.

Contacts

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

Charlotte Knudsen, 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#1860770]