Date: 13 October 2011

GC RIEBER SHIPPING: DOLPHIN RENEWS "POLAR EXPLORER"-AGREEMENT


Seismic operator Dolphin Geophysical renews the charter party regarding the seismic vessel "Polar Explorer" with 12 months, starting from January 2012.

The vessel is a 2D/ice vessel from 1998, rebuilt in 2004. "The agreement ensures continued high employment and good balance for our fleet, substantiating the positive guiding we have given for the company's development," says CEO Irene W. Basili.   

For further information, please contact:

CEO Irene Waage Basili, phone +47 55 60 68 67, or +47 90 09 86 88

CFO (acting) Einar Ytredal, phone +47 55 60 68 54, or +47 97 52 01 84



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