Dolphin 2015 guidance and market outlook

For the third successive year, Dolphin see the benefit of updating the financial market with a guidance for the main financial and operational assumptions for 2015.

Dolphin’s full year revenue is expected to exceed USD 500 million for 2015, representing a growth of 15-20% compared with 2014.

The Dolphin Multi-Client investments will primarily be made in prospective offshore areas. Dolphin expect to allocate 15-20% of 3D vessel capacity to Multi-Client investments for 2015, representing cash investments of approximately USD 50-70 million.

The new and final 3D seismic vessel, Polar Empress with 14-22 streamer capacity, is on schedule and is expected to be taken on charter in end of April 2015.

Dolphin will fully divest from the marine 2D and low-end 3D seismic market in 2015.

In a challenging market environment, Dolphin will focus on market positioning of the 6 modern high-capacity 3D seismic vessels, seismic processing and sales from an attractive Multi-Client seismic data library.

During 2015, Dolphin will prepare for the next generation of multi-sensor streamer technology, new acquisition techniques and joint cooperation models both on exclusive and non-exclusive basis will be targeted.

Further, Dolphin is pleased to announce Mr. Atle Jacobsen, CEO’s presentation at the SEB Nordic Seminar 2015 today in Copenhagen at 11:30 CET.  

Please find attatched the presentation, including 2015 guidance and market outlook.

The presentation will also be available at Dolphin (www.dolphingeo.com) and Oslo Stock Exchange (www.oslobors.no) websites.

For further information, please contact:

Atle Jacobsen, CEO
Mobile: +47 97 71 53 36
E-mail: atle.jacobsen@dolphingeo.com

Erik Hokholt, CFO
Mobile: +47 90 75 60 64
E-mail: erik.hokholt@dolphingeo.com

www.dolphingeo.com

Dolphin Group ASA is the Parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine Geophysical services. Dolphin operates a fleet of new generation, high-capacity seismic vessels and offers contract seismic surveys, Multi-Client projects and processing services on a worldwide basis.

Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).

About Us

Dolphin Group ASA is the Parent company of Dolphin Geophysical AS, a global full-range, asset light supplier of marine Geophysical services. Dolphin operates a fleet of new generation, high-capacity seismic vessels and offers contract seismic surveys, Multi-Client projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).

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