"PGS recognized the prospectivity of the Keathley Canyon area and especially the Western Gap several years ago,' stated Diz Mackewn, President of PGS Geophysical. "PGS acquired the 3D seismic data in 1999 and during 2000 the time migrated data has been popular with clients. For months the Company has been actively marketing its PSDM data, which is precisely timed for delivery by this August's Lease Sale. PGS' Keathley Canyon data is preferred by the oil and gas industry because it was acquired in the geologic dip direction and because of its longer offsets, which are at 8,100 meters,' commented Diz Mackewn.
Diz Mackewn went on to say, "The Company is not cutting any corners with its PSDM technology. The depth increment is 5 meters, the maximum depth is 13,000 meters, and the aperture is 14,000 meters. PGS' new PSDM technology provides superior imaging of the subsalt sedimentary section along the Sigsbee Escarpment where recently the oil and gas industry has had tremendous success.'