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DewDiligence

07/27/15 4:45 PM

#10436 RE: DewDiligence #10413

CLB director made $32K purchase on 7/24/15 (the day after 2Q15 CC):

http://www.sec.gov/Archives/edgar/data/1000229/000100022915000107/xslF345X03/wf-form4_143802752538852.xml

DewDiligence

09/29/15 12:12 PM

#10811 RE: DewDiligence #10413

CLB forecasts weak 4Q15 and comments on oil-industry forecasts:

http://www.sec.gov/Archives/edgar/data/1000229/000100022915000111/exhibit991pressreleaseandq.htm

Even though Core still anticipates the worldwide crude oil markets balancing in early 2016, and, the V-shaped recovery in operating activities to follow, Core will continue to right size its cost basis for current activity levels.

Some recent reports have suggested that Q4 2015 activity levels in North America could be down significantly from current levels, which would also have an impact for our operations in North America, primarily our Production Enhancement segment.

From Q2 to Q3 2015, Core did realize flattish activity levels with an upward bias to operating margins as per earlier earnings guidance. Core is now seeing a weakening environment in Q3 industry activity, but no change to its Q3 EPS guidance, and now projects a significant decrease in Q4 operating activities, especially in North American tight oil (shale) plays due to E&P budget constraints and lower free cash flow levels for E&P companies due to low commodity prices.

Core’s Production Enhancement segment would then realize sequential decreases in revenue and operating margins as well, and to a lesser degree, decreases in revenue and margins in the Company’s Reservoir Description segment.

The above comments were made at an industry conference today.

The stock is -5% today and -18% during September.