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Spectrum announces the commencement of a 2D seismic survey offshore Mozambique
on behalf of the Institute of National Petroleum (INP) and in anticipation of
future license rounds.

This new 2D seismic programme of up to 19,000 km will be undertaken utilising a
10,000 m long offset with continuous recording to enable extended recording
lengths and high fold data. It is being acquired to complement existing 2013
seismic data located in the Mozambique Channel area which is also available
through Spectrum. Gravity and magnetic data will be acquired in conjunction with
seismic data to allow for independent verification of structure.

Spectrum EVP of the Africa Region, Graham Mayhew commented, "This new Multi-
Client survey will play a key role in refining our understanding of the
hydrocarbon potential offshore Mozambique between the Southern Rovuma Basin and
the North-East of the Zambezi Delta, and accelerate exploration in an area
considered to be significantly more oil-prone. In addition the data will also
provide the basis for future license rounds as planned by INP."

The data will be processed to generate Broadband products with first deliveries
in Q3 2018. This survey will be carried out in partnership with WesternGeco and
is supported by Industry funding.

For further information, please contact:

Jan Schoolmeesters, COO
Email: jan.schoolmeesters@spectrumgeo.com

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http://www.hegnar.no/Nyheter/Boers-finans/2017/12/Spectrum-starter-nytt-prosjekt



.12.2017 07:30:50: Spectrum ASA: Spectrum Expands Broadband 3D and 2D Seismic Coverage Offshore Australia

Spectrum has commenced a new Multi-Client Broadband 3D and 2D Reprocessing
Project in the Otway Basin offshore Australia. This unique dataset comprises
7,950km² of 3D data from 16 existing 3D surveys and up to 7,000km of 2D data
which will be reprocessed through a high-end PSTM and PSDM broadband sequence.

The project focuses around the 2018 Offshore Petroleum Exploration Acreage
Release Proposed Areas in the Otway Basin announced today by the Australian
Government.

This survey will provide an essential tool in conducting regional analysis,
seamlessly tying existing discoveries to the outboard, frontier deeper water
region. The Otway Basin is one of the few areas proven to be economically
prospective, yet still under-explored. Spectrum believe there is significant
future potential to be unlocked here.

The outstanding results on Spectrum's Olympus Multi-Client 3D Project, a
similar, though much larger, seismic volume located in the North Carnarvon
Basin, demonstrated the ability to vastly improve legacy vintage datasets
through the application of modern processing technologies. The Otway Basin
project represents another opportunity for significant imaging uplift.

PSTM data will be available for delivery during Q3 2018 with PSDM delivery
shortly after and the entire project is supported by industry funding.