DOLPHIN GEOPHYSICAL STARTING THE - UTSTORD 3D MULTI-CLIENT SURVEY

Dolphin Geophysical's high-end 3D seismic vessel, the Polar Duchess, will commence acquisition of our new UtStord Multi-Client Survey in the Norwegian North Sea.

The 3,500km2 survey is highly prefunded by industry and will commence around June 14th.  Acquisition is scheduled to take approximately 3-4 months in total with prioritised acreage being acquired first.  To assist clients with initial acreage reviews, Dolphin will perform high-end Fast-Track processing on-board the Polar Duchess and complete the full PSDM at the Dolphin UK processing Centre.

The project parameters have been designed with considerable input from clients and additional oil companies are anticipated to join this attractive project shortly. Dolphin's acquisition and processing of both Conventional and SHarp BroadBand data is now well accepted and recognised in both the UK and Norway regions.

"This second large Multi-Client survey in Norway, is another milestone for Dolphin " said Ian T. Edwards,  Dolphin VP Global Multi-Client Surveys & New Ventures

"The UtStord 3D Multi-Client survey will position Dolphin in a new attractive area of the Norwegian North Sea where recently several large discoveries have been made sparking a new level of interest from industry in the remaining unlicensed acreage".

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.dolphingroup.no
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 and Multi-Client projects and processing services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).