VGS Seismic Canada Inc.
TSX VENTURE : VGS

VGS Seismic Canada Inc.

January 24, 2007 11:43 ET

VGS Seismic Canada Announces Availability of Sasquatch 3D Seismic Data

CALGARY, ALBERTA--(CCNMatthews - Jan. 24, 2007) - VGS Seismic Canada Inc., (TSX VENTURE:VGS) (the Company) is pleased to announce the release of the Sasquatch 3D dataset to the Exploration and Production industry. The Sasquatch 3D (the Data) survey is a strategic component in the growing VGS library.

The Sasquatch 3D spans 280 square kilometers and was acquired in 2006 in a rigorous topographic foothills area. The latest surveying and recording techniques and technology were utilized and the Data was processed with state of the art software. This survey represents 9.4% of the current VGS 3D data library and was initially underwritten by a single E&P company.

The data has generated interest in the oil and gas community, resulting in a $400,000 license sale immediately upon release to the market. Continued development of infra-structure in this active exploration area will maintain a long shelf-life for the Data.

For information regarding this survey please find a map posted at: www.vgsseismic.com

About the Company

The Company carries on the business of pursuing opportunities in the creation, acquisition and marketing of seismic data for use in the oil and natural gas industry and trades on the TSX Venture Exchange (www.tsx.ca) under the symbol VGS.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • VGS Seismic Canada Inc.
    Scott Milroy
    Chief Financial Officer
    (403) 263-6050
    Website: www.vgsseismic.com