Datum Exploration

Datum Exploration

July 04, 2011 18:36 ET

South American Exploration Acquires Datum Exploration Ltd.

CALGARY, ALBERTA--(Marketwire - July 4, 2011) - South American Exploration (SAE) today announced that it has reached an agreement to acquire 100% of the outstanding shares in Datum Exploration Ltd. Datum is a private, employee-owned seismic services company, based in Calgary, Alberta. The combined company will provide an industry-leading management team to continue serving the Canadian oil and gas marketplace.

"We are very pleased to expand and strengthen our footprint in the seismic services sector," commented Brian Beatty, SAE's President and CEO. "Datum has established its reputation for quality work over the past two decades through a collaborative, client-focused approach, precisely the same foundation SAE was built on. We are excited about adding Datum's people, resources and experience to the SAE team."

Established in 1987 Datum has grown from providing niche services in western Canada to a full-service national seismic contractor. "The new SAE-Datum team will allow us to remain technologically competitive as well as maximize the utilization of our resources at an international level," said Datum President Dave Siegfried. He added, "We are seeing increasing interest in microseismic, multi-component recording and in wireless technologies. The new structure allows us to be competitive in all these segments."

About SAE:

SAE (www.saexploration.com) is a privately-held company offering a full range of geophysical services to its customers in the North and South America oil and gas industry.

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