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Thursday, 16 November 2017

EMGS receives two Letters of Intent for Prefunded Multi-client surveys offshore Indonesia

EMGS    

Published: 08:21 CET 16-11-2017 /GlobeNewswire /Source: EMGS / : EMGS /ISIN: NO0010358484

EMGS receives two Letters of Intent for Prefunded Multi-client surveys offshore Indonesia

Electromagnetic Geoservices ASA (EMGS) is pleased to announce that it has received Letters of Intent for two contracts under which EMGS will perform prefunded multi-client acquisitions offshore Indonesia. The two contracts represent a combined minimum gross contract value of USD 2.8 million.

Subject to inter alia final and binding contracts for the work, EMGS expects to start the surveys in December 2017.

Contact
Hege Veiseth, CFO, +47 992 16 743

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 offices in Trondheim, Oslo, Houston, Villahermosa, Rio de Janeiro and Kuala Lumpur.

For more information, visit
www.emgs.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.




This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: EMGS, Stiklestadveien 1, Trondheim N-7041 , Norway
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