Electromagnetic Geoservices ASA

Earnings Release • Sep 24, 2014

EMGS reports multi-client sales

EMGS reports multi-client sales

Electromagnetic Geoservices ASA (EMGS) has signed a data licensing agreement

with a customer worth USD 3.5 million for the provision of 3D EM data from

EMGS's multi-client data library in the Barents Sea.

"It satisfying to note that our multi-client library continue to provide value

for new and existing clients in the Barents Sea. An increased acceptance of EM

as a value adding exploration tool in the region, and our vast coverage coupled

with customer's success, bode well for the future" says CEO Roar Bekker.

EMGS' multi-client data library in the Barents Sea now covers 42,000 km2, in

addition to approximately 10,000 km2 in the Norwegian Sea and 1,400 km2 in the

North Sea.

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.

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