Spectrum will report a cash balance of USD 23 million and secured Net Interest Bearing Debt of approximately USD 34 million as of 31 December 2015.

Spectrum has also reassessed the carrying value of all individual surveys in the Multi Client library and expects to impair selected surveys by approximately USD 16 million in total. This will be recognized in the Q4 2015 financials.

Spectrum will report Q4 2015 financial results on the 12 of February 2016.

For further information please contact:

Henning Olset
, CFO
Mobile: +47 92 26 69 48
E-mail: henning.olset@spectrumgeo.com

Rune Eng, CEO
Mobile: +47 91 57 08 45
E-mail: rune.eng@spectrumgeo.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Spectrum ASA issued this content on 2016-01-12 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-12 14:18:31 UTC

Original Document: http://www.spectrumgeo.com/investors/investor-news/news-room/investor-news-story?ir=http://cws.huginonline.com/S/139450/PR/201601/1978330