New 3D Seismic Contract North West Africa

Dolphin Geophysical has signed one out of potential three 3D contracts in Africa, as previously disclosed as upcoming work for Polar Duke. If all contracts materialize in line with management expectation, the vessel will be occupied in Africa from December until April 2012.

Following a successful long season with high seismic demand in the Norwegian Barents Sea, Polar Duke ceased contract operations in early November, then performed various guarantee and yard work in Aberdeen. Awaiting permitting in West Africa, the vessel is carrying out seismic acquisition and equipment testing in the vicinity of the UK Blakeney area, before departure estimated to be end of this week.

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

For further information; please contact:

Atle Jacobsen, CEO
Mobile: +47 97 71 77 58
E-mail: atle.jacobsen@dolphingeo.com


Erik Hokholt, CFO
Mobile: +47 90 75 60 64
E-mail: erik.hokholt@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).