Electromagnetic Geoservices ASA

EMGS reports revenues related to prefunding for multi-client acquisition and various service projects

Electromagnetic Geoservices ASA ("EMGS" or the "Company") has entered into

multi-client prefunding and various service agreements. The agreements represent

combined revenues to the Company of approximately USD 2.2 million.

The prefunding revenue is related to 3D CSEM multi-client data surveys in the

North Sea using the DeepBlue source. The surveys are expected to be executed in

Q2 and / or Q3 2018.

Contact

Hege Veiseth, CFO, +47 992 16 743

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 offices in Trondheim, Oslo, Houston,

Villahermosa, Rio de Janeiro and Kuala Lumpur.

For more information, visit www.emgs.com

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

AI Terminal