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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Arnie who wrote (7936)	12/16/1997 2:25:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Request Seismic Acquires Company REQUEST SEISMIC SURVEYS LTD. TO ACQUIRE PRIME BROKERAGE CONSULTANTS LTD. 1997-12-15 CALGARY, ALBERTA Mr. Todd Chuckry, President and Chief Executive Officer of Request Seismic Surveys Ltd. ("Request" or the "Corporation"), is pleased to announce that Request has entered into a letter of Intent to acquire Prime Brokerage Consultants Ltd. ("Prime") of Calgary, one of Request's largest competitors. The proposed acquisition will more than double Request's existing proprietary inventory of seismic data from approximately 3,000 km to 7,400 km. Proprietary data contributes to the largest percentage of Request's gross margin (54% of first quarter results ending October 31, 1997). With the acquisition of Prime, Request will also acquire a 25% interest in Discovery Seismic Surveys Ltd., a corporation in the business of owning proprietary seismic information. It is anticipated that the acquisition of Prime will close in January of 1998. Closing information will be available at that time. The Corporation is in the business of providing access to seismic data information to customers within the oil and gas industry. The Corporation manages the flow of seismic information for sale purposes on behalf of other companies, acts as a broker to facilitate the licensing of seismic information between vendors and purchasers and creates, markets and supervises the acquisition of new seismic data inventory thereby adding to the asset base of the Corporation.