Pulse Seismic Inc (PLSDF)

Pulse Seismic, Inc., was incorporated under the Canada Business Corporations Act on August 26, 1985. The Company is engaged in the acquisition, marketing and licensing of two-dimensional (2D) and three-dimensional (3D) seismic data for the energy sector in Western Canada. Seismic data is used by oil and natural gas exploration and development companies to identify portions of geological formations that have the potential to hold hydrocarbons. Seismic data is used in conjunction with well-logging data, well core comparisons, geological mapping and surface outcrops to create a detailed map of the Earth's subsurface at various depths. 2D seismic data is measured in linear kilometres and after processing provides a sectional illustration of geological formations on a straight line. 3D seismic data is measured in square kilometres and after processing provides map-like overhead views as well as three-dimensional visualizations of the subsurface geology. The Company owns the licensable seismic data library in Canada, which consists of approximately 28,300 net square kilometres of 3D seismic and 340,000 net kilometres of 2D seismic. It competes with other companies that acquire, market and license seismic data, that maintain their own seismic data libraries, and that compete against the Company in shooting participation surveys and licensing seismic data to their customers. The Company also competes against oil and natural gas companies that may choose to license their own proprietary seismic data to customers.