Electromagnetic Geoservices ASA

Regulatory Filings • Jun 17, 2014

EMGS - New contract in the Norwegian Sea and multi-client late sales

EMGS - New contract in the Norwegian Sea and multi-client late sales

Electromagnetic Geoservices ASA (EMGS) has received a signed contract from a

customer worth USD 2.3 million (NOK 13.5 million) for 3D EM data acquisition in

the Norwegian Sea.

The survey is expected to commence in June, using the vessel BOA Thalassa.

In addition, EMGS has signed two data licensing agreements with two new

customers, amounting to a total of USD 2.0 million. The agreements relate to

provision of 3D EM data from EMGS's multi-client data library in the Barents Sea

and the Norwegian Sea.

Contacts

Svein Knudsen, EMGS chief financial officer, +47 73 56 88 10

Charlotte Knudsen, EMGS head of investor relations, +47 97 56 19 59

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#1793910]