CGGVeritas Surveys Heart of Haynesville Shale (7/7/09)

[Les Bamburg]

CGGVeritas has begun acquiring the Tri-Parish Line 3D multi-client survey in northern Louisiana.

The 677-square mile wide-azimuth survey is the largest contiguous Haynesville shale survey to date. It is designed to supply the numerous industry players with a state-of-the-art 3D survey to help them locate the hundreds of horizontal wells that are expected to be drilled in the play.

CGGVeritas will operate two separate 7,000-channel crews to acquire the survey over the next 12 months. The configuration of the wide-azimuth survey was specifically designed to enable enhanced fracture detection and understanding, critical parameters for exploration and production.

Original participants will systematically receive 3D processed seismic volumes as each phase of the year-long survey is completed.

Colin Murdoch, Executive Vice President, North America region, CGGVeritas, said, "The U.S. Gulf Coast has been a primary focus area for CGGVeritas for over ten years. We believe this advanced Tri-Parish Line survey in the heart of the Haynesville shale play will be a key part of our data library assets for years to come."

The Haynesville shale is a gas resource play located in northeast Texas and north Louisiana estimated to hold more than 160 Tcf of gas. As the world's fourth-largest gas reservoir, it is one of the most active horizontal drilling areas in the US.

[Les Bamburg]

[sesport]

Thanks, Les. Finally, a color other than PINK!!!!! (Just kidding)

best - :0)

[Skip Peel - Mineral Consultant]

Hey. I resemble that remark!!!!! LOL!

[sesport]

Skip - Huh??? You resemble pink? Or a color other than pink? What is being "sembled" anyway, and how does one "semble again" when doing the "re-" part?

Anyway, you might want to rethink what you re-semble for the next time I reassemble the guys from Somalia and reassign them to retake Les' library card. Then we can recover some kind of access to the recently acquired 3-D and renogotiate reimbursement instead of retaliation. :0)

Now, I must remove myself from this hijack, and reflect on the information rather than regurgitate redundant remarks. LOL

[John]

What are the color questions about?

[sesport]

Les, or anyone else - I'm wondering if having this kind of data available will help to further bring down the costs of drilling.

[Les Bamburg]

Sesport, this type of data helps reduce drilling and completion costs and should also allow for better well production rates.