Dividend Policy

In general, any future dividend will be subject to determination based on our results of operations and financial condition, our future business prospects, any applicable legal or contractual restrictions and other factors that the Board of Directors considers relevant.

The geophysical industry remains cyclical. We are therefore targeting strong financial flexibility going forward in a business climate where capturing attractive growth opportunities will be key to shareholder value creation. This overall direction will also guide the Board in formulating and recommending an appropriate dividend policy for later years.

For 2006 we paid a dividend of NOK 10 per share.