Letter of Intent signed for the 2012 North Sea season

Dolphin Geophysical has signed a letter of intent (LOI) with an undisclosed larger independent oil company for a seismic acquisition survey. The survey will be acquired by the seismic vessel M/V Polar Duke and is for approximately one month.

Atle Jacobsen, CEO commented; "This LOI underlines our view of a strong demand for the upcoming North Sea season."

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
E-mail:atle.jacobsen@dolphingeo.com

Ketil Sundal, VP Finance & IR
Mobile:+47 95 92 21 04
E-mail:ketil@dolphinics.com


Dolphin Group ASA
Helsfyr Atrium
Innspurten 15
0663 OSLO

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

www.dolphingroup.no
www.dolphingeo.com

Dolphin Group ASA has two main business areas; Dolphin Geophysical AS and Dolphin Interconnect Solutions AS. Dolphin Geophysical is a global full-range, asset light supplier of marine geophysical services and operates a fleet of new generation, high capacity seismic vessels and offers contract seismic surveys and multi-client projects worldwide. Dolphin Interconnect is a global supplier of high performance solutions (hardware- and software) for the server and embedded systems market. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).