NEOS GeoSolutions Expands Geoscience Program in Appalachia Acreage Highgrading & Geo-Hazard Detection Project in Western Pennsylvania Business Wire HOUSTON -- April 2, 2013 NEOS GeoSolutions, Inc. today announced that it has secured underwriting to expand its regional geoscience program in northwestern Pennsylvania. This airborne-acquired, multi-measurement neoBASIN™ survey covers more than 2,100 square miles, including portions of Warren, Forest, Elk, and McKean (‘WaFEM’) counties. The WaFEM neoBASIN project has been designed to support low-impact, environmentally friendly geophysical data collection using airborne acquisition methods. NEOS will be acquiring new geophysical datasets – magnetic, electromagnetic, radiometric, gravity, and hyperspectral – and integrating these with existing seismic and well information from the area. Anticipated project deliverables include: *Maps of basement topography, intrusives, and key structural and stratigraphic horizons; *Basement-to-surface maps highlighting major lineaments and regional fault networks; *2-D cross-sections and regional 3-D structural models of the subsurface; *Isopach maps of key reservoir intervals of interest, including the Marcellus and Utica (Point Pleasant) shale formations; *Regional resistivity voxels from the near-surface down to ~10,000 feet subsurface; *Hyperspectral images of the surface, including pre-development ‘baseline’ maps of wetlands, waterways, and naturally occurring oil seeps; *Regional ‘sweet spot maps’ depicting the most (and least) prospective areas for leasing, drilling, and/or further G&G study and investment. Carl Kincheloe, Director of Appalachian Programs for NEOS, commented, “We are excited to be launching our next regional program in Appalachia, backed by the underwriting support of a long-standing customer. Having proven our ability to add value to exploration and pre-drill planning activities on four prior projects in the area, we’ll now be undertaking our fifth project in Pennsylvania. When this survey is complete, we’ll have nearly 5,000 square miles of regional data in our Appalachian library. Our reliance on airborne platforms for geophysical data acquisition enables us to offer basement-to-surface insights over large areas in a timely, cost-effective manner and with no disturbance to the environment. We hope to provide E&P operators who license this data with an enhanced ability to target any future geophysical investigations and exploration activities on the most prospective areas for hydrocarbon development and, in the process, to conduct these operations with the utmost regard for the environment.” The WaFEM neoBASIN survey is being executed under a multi-client commercial model. Final results should be available to project underwriters during the fourth quarter of 2013. To learn more about NEOS’s projects in Appalachia, visit the dedicated Global Programs page on the company’s website: tinyURL.com/NEOSinAppalachia. About NEOS GeoSolutions NEOS helps exploration teams in the onshore oil & gas and mining industries make faster, more informed decisions about where to explore, lease and drill. In partnership with its clients, NEOS acquires and simultaneously interprets multiple geological, geophysical, and geochemical datasets to identify hydrocarbons and minerals in the subsurface. The company is backed by a group of internationally recognized investors, including Bill Gates, Energy Capital Group, Goldman Sachs, Kleiner Perkins Caufield & Byers, and Passport Capital. For more information, visit www.neosgeo.com. Contact: NEOS GeoSolutions Media Interests: Courtney Ford (Corporate Marketing) +1-925-738-2168 or Commercial Interests: Carl Kincheloe (Director, Appalachian Programs) +1-713-425-0503
NEOS GeoSolutions Expands Geoscience Program in Appalachia
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