HOUSTON, Nov. 26, 2013 / PRNewswire – INOVA® Geophysical is pleased to announce that Tesla Exploration Ltd. is simultaneously operating four crews across North America using INOVA’s Hawk autonomous nodal system. Of the total 94,500 channels being utilized, 28,500 have been made available from INOVA’s Hawk rental partners. The cableless 3D acquisition projects range in size from 10,500 to 36,000 channels.
Richard Habiak, Chief Executive Officer of Tesla Exploration Ltd., commented, “On behalf of four clients, our Hawk crews are successfully recording three-component seismic data from the Marcellus Shale of western Pennsylvania, the Niobrara Formation of Wyoming, Canadian Duvernay Shale and Alberta’s heavy oil reserves.”
Glenn Hauer, INOVA’s President and Chief Executive Officer, stated, “We are well pleased with our ongoing partnership with Tesla, and congratulate them on reaching this significant milestone in utilizing the Hawk system on these multiple projects.”
For more information on Hawk, the industry’s most rugged and flexible recording system, visit www.inovageo.com/hawk.
About INOVA Geophysical Equipment Limited
INOVA Geophysical Equipment Limited is a leading provider of land geophysical technology, including source and source control systems, cabled and cableless land acquisition systems, and advanced seismic digital sensors. Managed as an independent company, INOVA is a joint venture owned 51% by BGP (a wholly-owned subsidiary of China National Petroleum Corporation) and 49% by ION Geophysical Corporation (NYSE: IO). Additional information about INOVA is available at www.inovageo.com.
About Tesla Exploration Ltd.
Tesla provides geophysical and related services in Canada through Tesla Exploration Partnership, internationally through its wholly owned subsidiaries Tesla Exploration International Ltd., Tesla Exploration Trinidad Ltd. and Tesla Exploration Colombia S.A.S., and in the United States through Tesla Exploration Inc. and Tesla Offshore LLC. Since the Company’s inception in 2000, Tesla has grown both organically and through acquisitions funded by retained earnings and prudent levels of borrowing, from a Canadian focused land seismic business to a global provider of a broad suite of geophysical and related services. Tesla trades on the TSX under the symbol “TXL”. For more information visit www.teslaexploration.com
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