ASKER, NORWAY (03 June 2011) - TGS is pleased to announce it has exercised the first option for the M/V Polar Duke with Dolphin Geophysical AS.  This extension is for two months which will take the total charter time to TGS through early October 2011.  TGS still has a second option to extend the contract by an additional six months.

The project that the M/V Polar Duke will acquire will be announced separately.