Second quarter and first half 2012 results

·Revenues of USD 50.0 million, compared to USD 24.1 million in Q2 2011
·EBITDA of USD 23.0 million (46.0%), improved from USD 3.8 million in Q2 2011
·EBIT of USD 10.6 million (21.2%), compared to USD 2.1 million in Q2 2011
·Net Income before tax of USD 9.5 million, compared with USD 1.5 million in Q2 2011

·Dolphin successfully enters into the 3D Multi-Client market, starting surveys in Senegal and the Barents Sea, Norway. Multi-Client revenues for Q2 increased to USD 16.2 million versus cash investments of USD 14.4 million
·Acquired Open Geophysical Inc., a seismic software processing company
·Successful market introduction of Dolphins new developed Sharp broadband seismic product
·Signed favourable long term charter for a second new 14-16 streamer 3D Vessel, Sanco Sword
·Secured backlog of USD 132 million including Multi-Client pre-funding and sponsoring from partners
·Dolphin awarded large 3D contracts with Statoil/Exxon in Tanzania and Shell in South Africa


Atle Jacobsen, Dolphin Group CEO, commented;

"Dolphin has delivered strong revenue growth and very high operational profit margins for second quarter of 2012. At the same time we are pleased to deliver on our strategy to become a full range geophysical company by introducing new Multi-Client products, processing, and seismic broadband solutions to our customers"

"With the recent contract awards from major oil companies, we have secured a solid backlog at improved pricing terms. Dolphin experience increased demand for our services and the market visibility has improved satisfactorily compared to previous year"


Further Atle Jacobsen (CEO) and Erik Hokholt (CFO)  will give a presentation of the quarterly results at  Shippingklubben, Haakon VII's gate 1, Oslo at 09:30  a.m.(CET) today. The presentation is open to the public.
 

Please find attached the Q2 2012 report and presentation.

 
This information is subject of the disclosure  requirements according to section 5-12 of the  Norwegian Securities Trading Act.
 
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  
 
Dolphin Group ASA
Helsfyr Atrium  
Innspurten 15
0663 OSLO
 
Phone:+47 23 16 70 00
Fax:+47 23 16 71 80    
       
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, Multi-Client projects and processing  services on a worldwide basis. Dolphin Group ASA is listed at Oslo Stock Exchange (OSE ticker: DOLP).