EMGS : EMGS secures multi-client sales worth USD 10 million

         EMGS : EMGS secures multi-client sales worth USD 10 million

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has
secured multi-client late sales worth approximately USD 10 million. These
sales stem from a combination of the company's 3D EM data library in Brazil,
the Norwegian Sea and the Barents Sea.
The revenues will be recognized in the first quarter of 2013.
Contact
Chris Guldberg, EMGS Head of PR/IR, +47 73 56 88 10 / +47 92 81 07 07
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 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 has conducted more than 650 surveys to improve drilling success rates
across the world's mature and frontier offshore basins. The company operates
on a worldwide basis with main offices in Trondheim, Stavanger and Oslo,
Norway; Houston, USA; and Kuala Lumpur, Malaysia. Please visit www.emgs.com
for more information.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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Source: EMGS via Thomson Reuters ONE
HUG#1681924
 
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