SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : FDSM - 4D Seismic, Inc.

 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext  
From: jmhollen6/15/2006 11:29:20 AM
   of 15
 
Shenzhen-Hong Kong Energy Purchases 4.5% Stake in 4D Seismic, Inc.

HOUSTON, TX, May 30, 2006 (MARKET WIRE via COMTEX) -- 4D Seismic, Inc. (PINKSHEETS: FDSM) confirmed today that Shenzhen-Hong Kong Energy, Inc., a privately owned corporation, has purchased four and one-half percent (4.5%) of the outstanding shares of 4D Seismic, Inc. (PINKSHEETS: FDSM) for cash. The shares of 4D Seismic were procured by investment banker McKorkle, Lippodt & Evans.


4D seismic technology adds a 4th dimension to the graphing of seismic surveys to allow precision pinpointing of petroleum reservoirs and simulation of their size and depth. The 4D method improves petroleum exploration and production.

The preceding generation of technology improved oil field yields from 2D 25-30% to 3D's 40-50% recovery. BP/Shell's Foenhaven Field reported an expected increase from use of 4D technologies to 65-75% recovery efficiency as cited in "Petroleum Engineer International."

Contact:
Donald J. Najvar
Sr. Vice President -- Investor Relations 4D Seismic
Phone: 281-980-2354
SOURCE: 4D Seismic Inc.

.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFileNext 10PreviousNext