Dolphin operational update and back-log status

Dolphin re-positioned the operative seismic vessels in end of 2013 and have achieved high vessel utilization and good performance on our seismic fleet, this provided Dolphin with historical high total revenues of USD 80 million for the first quarter of 2014.

Further, we experience improved demand for our new high-capacity 3D seismic vessels, capable of towing large and wide seismic configurations. With the recent announced contract awards, Dolphin has secured a total back-log of approximately USD 270 million as per 1. April 2014.
 

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


Phone:+47 55 38 75 00
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).