Dolphin Geophysical Updates on BroadBand 3D Survey (UK)

October 29, 2012

Dolphin Geophysical commenced acquisition earlier this year of a 5,000km2 3D Multi-Client high-resolution, AVO friendly BroadBand, SHarp seismic survey which will be completed Spring 2013.

This new BroadBand 3D survey in UK Quads 29 and 30 will provide data over a part of the basin margin that has been neglected for some time. The survey was designed to image potential Catcher look-a-like plays as well as Jurassic, Zechstein and Rotliegendes structural traps and stratigraphic features that may have been previously overlooked or simply not seen due to the lack of 3D data coverage. Since the award announcement, interest from clients in the survey has further increased and the coverage area may be extended beyond that currently programmed.

Of the Data Area already acquired and Fast-Track processed, two-thirds covers awarded 27th Round acreage. This initial Data Area is ready for immediate delivery.

For the remaining area and with Dolphin’s on-board processing facilities, a high-end Fast Track volume will be available to committed clients within a short period of time following the last data shipment from the vessel.

The adjoining and nearby existing production infrastructure could provide opportunities to tie-in any new discoveries and considerably reduce development costs and time.

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Press Release, October 29, 2012