EMGS Receives 3D EM Contract Extension from Petrobras, Brazil

Reference is made to the stock exchange notice dated 13 November 2012 regarding completion of a one-year contract in Brazil and commencement of a new 3D EM data acquisition project in Brazil.

EMGS has signed a contract extension worth approximately USD 12 million with Petrobras.

As previously announced, data acquisition is on-going with estimated completion in early January 2013.

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Press Release, December 06, 2012