1999-03-03 13:41 ET - News Release
Also News Release (U-PDS) PRECISION DRILLING CORP
TFA/LEO BURNETT TECHNOLOGY GROUP OPENS OFFICE IN AUSTIN
First fuasked to transform Digital Gas into a leader in the
oil & gas exploration and development featuring underbalanced drilling
technologies an a worldwide basis. Mr. Munro has been involved with
the drilling of over 500 underbalanced wells in Canada and in the
international arena. He has written, taught and lectured extensively
on underbalanced drilling and recently prepared and executed a
comprehensive course of study on the subject for an international
company. During his eighteen years in the industry, Mr. Munro had
project management and international business development experience
with companies in Latin America; Spain; Germany; Indonesia; Italy;
Tunisia; Oman; United States, and the United Kingdom.
Mr. Munro's last corporate responsibility was with Northland Energy
Corporation of Calgary, Alberta. He was brought on in 1992 and given
the mandate to introduce that company to the international marketplace,
as the world leader, in underbalanced drilling technology. From
1992-1998 Northland's sales increased by 400% as international offices
with full operational and market development responsibilities were
established in the United Kingdom, United States, Latin America and
Indonesia. As a result of this spectacular growth, Precision Drilling
Corp. (NYSE: PDS) bought out Northland in April, 1998.
In a separate development, prior to joining the company Mr. Munro
arranged for Digital Gas to acquire an option to purchase a 50%
interest in Quazar Geosciences Group, Inc. of Calgary, Alberta
("Quazar"), a company with the technical capability to accurately, cost
effectively, and quickly pinpoint prolific drilling opportunities on a
worldwide basis.
Over the past three years Quazar management has developed a proprietary
technology involving multi dimensional geoscientific surveying
("MDGS"). This is an exploration technology that outlines oil and gas
pools. The utilization of Quazar's MDGS complements 2D and 3D seismic
and confirms hydrocarbon presence and structure. The company will be
able to execute timely, high-resolution surveys and target prospects
with hydrocarbon presence in contrast to most exploration programs that
acquire leasehold rights to vast tracts of land without the knowledge
of hydrocarbon presence.
Digital's 50% owned Kommerce Systems, Inc. which has advanced and
proprietary capabilities in signal processing and model based detection
technologies for the mineral exploration field, will work closely with
Quazar. Kommerce Systems will shortly debut eKommerce.com.
: SOURCE Digital Gas, Inc.
-0- 03/03/99 /CONTACT: Robert Lynn,
President of Digital Gas, 214-691-3640/
(DIGG PDS)
: CO: Digital Gas, Inc.; Quazar Geosciences Group, Inc.; Kommerce
Systems, Inc. ST: Texas, Alberta IN: OIL SU: TNM PER
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