TSX: PSD
CALGARY, Aug. 29 /CNW/ - Mr. Ken MacDonald, President and Chief Executive
Officer of Pulse Data Inc. ("Pulse" or "the Company") is pleased to announce
that Pulse Seismic has purchased a seismic dataset that is located in the Deep
Basin of west central Alberta. The effective date of the transaction is August
29, 2006.
The acquired data base consists of approximately 3,445 net kilometres of
2D data and approximately 224 net square kilometres of 3D data. This valuable
addition to Pulse Seismic's existing data base will add high-quality seismic
data in an area that has recently experienced significant increases in
exploration activity by oil and gas companies. The new seismic data is
complementary to the Company's existing seismic data library.
Pulse Seismic is at the forefront with regard to acquiring, marketing and
licensing seismic data in Western Canada. Pulse Seismic's library consists of
approximately 243,000 net kilometres of 2D seismic data and more than 9,900
net square kilometres of 3D seismic data. Revenue is generated through
licensing of the data library and through the licensing of participation
surveys.
Pulse is a Calgary-based company with two operating units: Pulse Seismic
specializing in acquiring, marketing and licensing seismic data to the western
Canadian energy sector, and Terrapoint focusing on acquisitions and processing
of digital elevation and image data to diverse markets. Through these two
operating units, Pulse Seismic and Terrapoint, the Company has evolved into an
industry leader providing Better Information Faster(TM).
Pulse trades on the Toronto Stock Exchange under the symbol PSD.
Certain information contained herein may constitute forward-looking
statements under applicable securities laws. Such statements are subject to
known or unknown risks and uncertainties that may cause actual results to
differ materially from those anticipated or implied in the forward-looking
statements. Investors are encouraged to review the "Risk Factors" section of
the Management's Discussion and Analysis in the Company's Annual Report for
2005 and 2006 Interim Reports for a discussion of risks that could affect the
Company's operations and financial results. Forward-looking statements are
based upon management's assumptions, expectations and estimates at the time
that such statements are made. Pulse does not update forward-looking
statements should circumstances change or management's assumptions,
expectations or estimates change, unless required by law.
