Electromagnetic Geoservices ASA

M&A Activity • Feb 14, 2014

EMGS - Letter of intent received for 3D EM acquisition in Africa

EMGS - Letter of intent received for 3D EM acquisition in Africa

Electromagnetic Geoservices ASA's (EMGS) has received a Letter of Intent to

award a contract for a minimum USD 8.3 million for 1,000 km sq of 3D EM data

acquisition, data processing, imaging and integration for a client in North-West

Africa.

"Based on growing demand from new and existing customers, we have decided to

mobilize the vessel BOA Thalassa towards Africa and Norway" said Roar Bekker,

CEO of EMGS.

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

information is subject of the disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.

[HUG#1762089]