Geotrace awarded significant "next generation" land and depth imaging project

HOUSTON - January 24, 2007 - Geotrace has been awarded a significant land seismic processing and depth imaging project by BP's North American Gas business unit. Geotrace will utilize its industry-leading multi-scale multi-parameter tomography technology to model and image detailed subsurface geology.

Geotrace works closely with customers on modeling the geology, and establishes an excellent track record of delivering high-quality 3D seismic images.

Geotrace is part of Geotrace Technologies group of companies and is a leading provider of proprietary technologies aimed at imaging and integrated solutions used to enhance the optimization of petroleum reservoirs. It serves the worldwide petroleum industry.

For more information, contact:
Laura Frnka
Pierpont Communications
(713) 627-2223 ext. 1110