Electromagnetic Geoservices ASA - Earnings Release 2014

EMGS reports multi-client sales from its Barents Sea library

Electromagnetic Geoservices ASA (EMGS) has entered into data licensing

agreements with two new customers for the provision of 3D EM data from the

multi-client data library over the Barents Sea worth a total of USD 4.1 million,

whereas EMGS will receive USD 2.6 million net after adjustment for partner's

share of revenues.

Contacts

Charlotte Knudsen, Head of investor relations, +47 97561959

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#1950221]

AI assistant