KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14691)	1/7/1999 10:20:00 PM
From: Kerm Yerman	of 15196

SERVICE SECTOR / International Datashare Assigned Exclusive Rights to Patent CALGARY, ALBERTA--The Company is very pleased to announce that it has been assigned the exclusive rights to a patent application disclosing an invention entitled "A Process for accelerating the disclosure of the presence of hydrocarbon by performing pattern recognition on scanned well logs" from its inventor, James Durward, the President of the Company. No fees are payable for this assignment. The Company is responsible for all costs of the patent process and there are provisions that allow for the patent ownership to revert back to the inventor in the event that the Patent is not granted within 4 years. This assignment is in furtherance of a new initiative to develop a product named Intellectual Crystals ("Crystal"). The objective of a Crystal is to capture a portion of a users interpretive skills and/or known indicative occurrences, within a composite pattern - the Crystal. The Crystal can then be used to scan image databases to find similar patterns. This type of database scanning capability is expected to substantially increase the rate at which an interpreter can perform an initial analysis and may be applicable to a variety of industries. This type of database application has recently become possible due to the drop in cost of scanning, disk storage, and processing power. The Company plans to initially apply the technology to its high-resolution scanned well log database with the goal of generating a series of by-passed hydrocarbon prospects within the Western Canadian Sedimentary Basin (the "Basin"). The initial focus will be on by-passed gas with testing expected to begin in the first quarter of calendar 1999. The Company expects to have completed scanning the entire Basin by spring, 1999. The Company believes that this database will represent the most complete, high-resolution well log image database in existence and will provide the Company with the best feedstock available with which to conduct its Crystal scans. The Company will be seeking joint venture partners in order to maximize the Company's revenues from the knowledge contained within this unique image database.

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