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Dolphin Group ASA (Ticker: DOLP) 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.
COMPANY NEWS
Letter of Intent signed for the 2012 North Sea season
Bergen, Norway, December 22, 2011 -- Dolphin Group ASA (OSE: DOLP)

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."


For further information, please contact:

Phil Suter
VP Marketing & Sales
phil.suter@dolphingeo.com

Atle Jacobsen
CEO
atle.jacobsen@dolphingeo.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).

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