Pulse Seismic announces significant second quarter data library sales

Thu. June 04, 2009; Posted: 03:11 PM

Pulse Seismic Inc. ("Pulse" or the "Company") announces that with the signing of a significant data library licensing contract yesterday, second quarter data library sales have reached $7.9 million, bringing 2009 year to date seismic data library sales to $10.0 million. Total seismic revenue for the year to date (which includes $4.9 million of participation survey revenue) has now reached $14.9 million.

"Our second quarter sales have been primarily of seismic data located in Pulse's current core area of focus in the west-central area of Alberta and cover both conventional and non-conventional resource plays. We are very pleased with the efforts of our marketing team in dealing with these challenging market conditions. The quality of Pulse's extensive seismic data library continues to demonstrate its value during a time when very low levels of seismic data sales are being achieved in the industry," stated Doug Cutts, President & CEO.

The financial information contained in this news release is based on management's estimates and has not yet been approved by the Company's Audit Committee or Board of Directors.

CORPORATE PROFILE

Pulse is a market leader in the acquisition, marketing and licensing of 2D and 3D seismic data for the western Canadian energy sector. Pulse owns the second-largest licensable seismic data library in Canada, currently consisting of approximately 257,300 net kilometres of 2D seismic and 12,800 net square kilometres of 3D seismic. The library extensively covers the Western Canada Sedimentary Basin where most of Canada's oil and natural gas exploration and development occurs. The replacement value of Pulse's library is currently estimated at over $1 billion based on current field replacement costs.

Forward Looking Information

This document contains information that constitutes "forward looking information" or "forward looking statements" (collectively, "forward looking information") within the meaning of applicable securities legislation. This forward looking information includes, among other things, statements regarding:

    <<
    -  estimated future demand for seismic data;
    -  estimated future seismic data sales;
    -  estimated future demand for participation surveys;
    -  estimated costs, funding, size, commencement dates and delivery dates
       of participation surveys;
    -  planned future participation surveys;
    -  planned growth of the seismic data library;
    -  planned future normal course issuer bid purchases;
    -  Pulse's business strategy; and
    -  Other expectations, beliefs, plans, goals, objectives, assumptions,
       information and statements about possible future events, conditions,
       results and performance.

    Often, but not always, forward looking information uses words or phrases
such as: "expects", "does not expect" or "is expected", "anticipates" or "does
not anticipate", "plans" or "does not plan", "estimates" or "estimated",
"projects" or "projected", "forecasts" or "forecasted", "believes" or "does
not believe", "intends" or "does not intend", "likely" or "unlikely",
"possible", "probable", "scheduled", "positioned", "goal", "objective",
"hopes", "optimistic" or states that certain actions, events or results
"should", "may", "could", "would", "might" or "will" be taken, occur or be
achieved.
    Undue reliance should not be placed on forward-looking information.
Forward looking information is based upon current expectations, estimates and
projections that involve a number of risks and uncertainties which could cause
actual results to vary and in some instances to differ materially from those
anticipated in the forward looking information.
    The material risk factors include, but are not limited to:

    -  the demand for seismic data and participation surveys;
    -  the pricing of data library license sales;
    -  the level of pre-funding of participation surveys, and the ability of
       the Company to make subsequent data library sales from such
       participation surveys;
    -  the ability of the Company to complete participation surveys on time
       and within budget;
    -  the price and demand for oil and natural gas;
    -  the level of oil and natural gas exploration and development
       activities;
    -  the ability of the Company's customers to raise capital;
    -  environment, health and safety risks;
    -  the effect of seasonality and weather conditions on participation
       surveys;
    -  federal and provincial government laws and regulation, including
       taxation, royalty rates, environment and safety;
    -  competition from other seismic data library companies;
    -  dependence upon qualified seismic field contractors;
    -  dependence upon key management, operations and marketing personnel;
       and
    -  protection of Intellectual Property
    >>

The foregoing list of risks is not exhaustive. Additional information on these risks and other factors which could affect the Company's operations or financial results are included in the Risk Factors section of the Company's MD&A for the most recent calendar year and interim periods. Forward looking information is based upon the assumptions, expectations, estimates and opinions of the Company's management at the time the information is presented. The Company does not update forward looking information should circumstances change or management's assumptions, expectations, estimates or opinions change, except as required by securities laws.

SOURCE: Pulse Data Inc.

SOURCE: PULSE SEISMIC INC.

Douglas Cutts, President and C.E.O., Tel.: (403) 237-5559, Toll-free: 1-877-460-5559,
E-mail: info@pulseseismic.com. Please visit our website at www.pulseseismic.com.

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