Electromagnetic Geoservices ASA

Regulatory Filings • Sep 19, 2014

EMGS - New contract in the Norwegian Sea

EMGS - New contract in the Norwegian Sea

On 4 September 2014 Electromagnetic Geoservices ASA (EMGS) announced an

agreement from Statoil Petroleum AS for the Norwegian Sea. EMGS has now received

a new contract from another oil and gas company worth USD 1.0 million for

acquisition of 3D EM data in the nearby area.

The Company will be using the vessel Atlantic Guardian. Acquisition is scheduled

to be completed early in October, after which the vessel is scheduled to go

directly into a 6 week yard stay.

Contacts

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

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#1856968]