First 2D Contract Award for Dolphin Geophysical

Dolphin Geophysical (OSE: DOLP) has signed a contract with ION's GX Technology group (GXT) for a three month 2D seismic acquisition survey offshore West Africa. The project will be acquired by Polar Explorer, the Company's first chartered 2D vessel, with acquisition commencing in April 2011. The contract includes a mobilization fee to West Africa.

This information is subject of the disclosure requirements acc. to §5-12 (Norwegian Securities Trading Act).

For further information; please contact:

Atle Jacobsen, CEO  
Mob:+47 97 71 53 36

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


Dolphin Geophysical AS
Solheimsgaten 13
5058 Bergen

Tel.:+47 55 38 75 00

www.dolphingeo.com


Dolphin Group ASA
Olaf Helsetsvei 6
0619 OSLO

Tel:+47 23 16 70 00

www.dolphinics.com