3D seismic contract extension for the Polar Duke

Dolphin Geophysical AS is pleased to announce that TGS has exercised their option to extend the contract for the Polar Duke by two months. This secures work for the vessel to early October 2011, at which time TGS have a second option to extend the contract by another six months.

"We are very impressed with the Polar Duke and the performance of the crew. This proves Dolphin's ability to deliver efficient and safe operations to TGS and prospective clients," states Phil Suter, VP Marketing and Sales.

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

For further information, please contact:

Erik Hokholt, CFO
Mobile:+47 90 75 60 64

Ketil Sundal, VP Finance & IR          
Mobile:+47 95 92 21 04

Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

Phone:+47 23 16 70 00
Fax:+47 23 16 71 80