Electromagnetic Geoservices ASA

Regulatory Filings • Feb 17, 2014

EMGS - Industry funding for vessel BOA Thalassa in Norway

EMGS - Industry funding for vessel BOA Thalassa in Norway

Electromagnetic Geoservices ASA's (EMGS) has received industry funding for about

4 months of work in Norway.

"We experience increased interest from both new and existing customers following

our strong track record in the Barents Sea, as well as the results from the

nominations for the 23(rd) licensing round," said Roar Bekker, CEO of EMGS.

According to the vessel schedule presented at the Company's fourth quarter

presentation, EMGS will move the vessel BOA Thalassa to Norway, for a

combination of contract work and a multi-client 3D EM survey in the Barents Sea.

Subject to completion of contract finalization of the Letter of Intent in North-

West Africa, announced on 14 February, the vessel will acquire 3D EM data in the

North-West Africa on its route to Norway.

EMGS will continue to invest in expanding its multi-client library in the

Barents Sea, with special focus on the Barents Sea East and blocks in the

vicinity of the Hoop Fault Complex.

Contacts

Roar Bekker, EMGS chief executive officer, +47 73 56 88 10

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#1762328]