Electromagnetic Geoservices ASA

M&A Activity • Oct 31, 2014

EMGS - Letter of Intent for BOA Thalassa in Asia

EMGS - Letter of Intent for BOA Thalassa in Asia

Electromagnetic Geoservices ASA (EMGS) has received a letter of intent worth USD

7.0 million from an oil company for 3D EM data acquisition in Thailand and

Myanmar.

"This is the first time we operate for this customer and also the first time we

operate in Thailand and we are of course pleased to demonstrate the value of our

EM technology to this company," says Giles Denby, President Eastern Hemisphere

of EMGS.

The survey will be done using the vessel BOA Thalassa and is expected to

commence directly after the ongoing survey in Malaysia is completed.

Contacts

Svein Knudsen, EMGS chief financial officer, +47 911 41 149

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#1867478]