COSMOSEIS DELIVERED PROJECT TO RAK PETROLEUM
Frankfurt, Germany, September 10, 2009, CosmoSeis PLC. (FRANKFURT:5RC). CosmoSeis is pleased to announce that it has recently successfully completed and delivered the project to RAK Petroleum (RAK). The project required processing of 220 seismic lines.
CosmoSeis’s executive manager of business development Mr. M. Tahir Rafique states that “due to the nature of high quality results that Cosmoseis has delivered to RAK Petroleum, we are confident in expecting a lot of business coming from RAK in the upcoming future.”
About CosmoSeis PLC
We are an oil-services sector, engaged in seismic processing of petroleum fields on behalf of major international energy companies. Our services are recognized as cutting-edge through our collaboration with the above research center and with the largest supercomputer facility in the Gulf.
We utilize state-of-the art proprietary seismic technology, coupled with powerful analysis-software and experienced oil geologists to locate new high-potential wells and to regenerate and enhance abandoned or low-producing oilfields. Our business model is fully in conformity with the current urgency in the turbulent oil industry in seeking out the least-costly, most efficient means in discovering and recovering hydrocarbon potential.
About RAK Petroleum
RAK, a Public Limited Company (PLC.) formed in 2005 in the Free Trade Zone of Ras Al Khaimah in the UAE. The Company has been funded by an initial capital of AED 3 billion (US $820 million), raised by private placement.
RAK has interests in and operates concessions in the Sultanate of Oman and the United Arab Emirate of Ras Al Khaimah.
Inspired by the vision of His Highness Sheikh Saud bin Saqr Al Qasimi, Crown Prince and Deputy Ruler of Ras Al Khaimah, RAK has a solid foundation, resolute political patronage, access to tremendous financial resources and is strategically situated in the heart of the world’s most prolific oil and gas provinces.
For further information, please call CosmoSeis Plc. at tel: + 971 2 445 1885
Website: www.cosmoseis.com
There are forward-looking statements in this release. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Frankfurt Exchange
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COSMOSEIS INVITED TO REGISTER WITH MINISTRY OF OIL AND MINERALS IN YEMEN
Frankfurt, Germany, September 3, 2009, CosmoSeis PLC. (SYMBOL 5RC). CosmoSeis is pleased to announce that it is registered with Ministry of Oil and Minerals Yemen as Advanced processing and Data Management authority firm. We intend to take full advantage of this opportunity to tender to more than 16 E&P local and multinational companies who are currently operating in Yemen.
CosmoSeis, Chairman of the Board Tahir Baig commented, "It is our honor to have worked with very prestigious names like ADNOC (Abu Dhabi National Oil Company), RAK Petroleum etc. etc. Also we feel that we have strengthen our position by having strategic alliances with companies like CERT (Center of Excellence for Research and Technology in Abu Dhabi) and KACST (King Abdul Aziz City for Science and Technology in Saudi Arabia)”
About CosmoSeis PLC
We are an oil-services sector, engaged in seismic processing of petroleum fields on behalf of major international energy companies. Our services are recognized as cutting-edge through our collaboration with the above research center and with the largest supercomputer facility in the Gulf.
We utilize state-of-the art proprietary seismic technology, coupled with powerful analysis-software and experienced oil geologists to locate new high-potential wells and to regenerate and enhance abandoned or low-producing oilfields.
Our business model is fully in conformity with the current urgency in the turbulent oil industry in seeking out the least-costly, most efficient means in discovering and recovering hydrocarbon potential.
For further information, please call CosmoSeis Inc. Tel: + 971 2 445 1885
Website: www.cosmoseis.com
There are forward-looking statements in this release. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Frankfurt Exchange.
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CosmoSeis: Cosmoseis PLC appoints H.R.H. Prince Faisal bin Abdullah to its Board of Directors
Publishes in M2 PressWire on Tuesday, 03 March 2009
Copyright ( C ) 2008 M2 Communications Ltd.
DATE: March 03, 2009
Abu Dhabi, United Arab Emirates. March 03, 2009. Cosmoseis PLC (Frankfurt Stock Exchange symbol: 5RC) is pleased to announce that His Royal Highness Prince Faisal bin Abdullah bin Faisal bin Turki bin Abdulaziz Al Saud of the Saudi Royal Family has graciously accepted a directorship to our board of directors. His Royal Highness Prince Faisal is a highly honoured and respected leader in the investment and business fields in the Kingdom of Saudi Arabia and throughout the world. His known leadership skills and his prestige will greatly enhance our corporate, management and business prospects.
His Royal Highness Prince Faisal joins Dr. Tariq Alkhalifa as our two outside directors . Dr. Alkhalifa is a well-renowned seismic scientist and a pre-eminent leader in the oil industry in the Persian Gulf Region. These two distinguished directors will direct there energies in realizing our strategy to be a leading participant in our industry.
About Cosmoseis PLC
We are an oil-services sector company, engaged in seismic processing of petroleum fields on behalf of major international energy companies. Our services are recognized as cutting-edge through our collaboration with a major Saudi research center and with the largest supercomputer facility in the Persian Gulf.
We utilize state-of-the art proprietary seismic technology, coupled with powerful analysis-software and experienced oil geologists to locate new high-potential wells and to regenerate and enhance abandoned or low-producing oilfields.
Our business model is fully in conformity with the current urgency in the turbulent oil industry in seeking out the least-costly, most efficient means in discovering and recovering hydrocarbon potential.
For further information, please call CosmoSeis Inc. Tel: + 971 2 445 1885
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
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CosmoSeis: Cosmoseis PLC appoints prominent seismic scientist
Publishes in M2 PressWire on Monday, 24 November 2008
Copyright ( C ) 2008 M2 Communications Ltd.
RDATE:24112008
Abu Dhabi, United Arab Emirates. November 4, 2008. Cosmoseis PLC (Frankfurt Stock Exchange symbol: 5RC) is pleased to announce that Dr. Tariq Alkhalifa has been appointed to our board of directors. Dr. Alkhalifa is a well-renowned seismic scientist and a pre-eminent leader in the oil industry in the Gulf Region. He brings to us the immeasurable benefits of twenty years of experience in seismic technology development and services. A PhD graduate in Geophysics from the Colorado School of Mines, he has consulted for major international energy companies, including Chevron, BP, Shell, Eni, Saudi Aramco, among others. He established in 2005 and leads the seismic analysis center for research in Saudi Arabia. He also headed this year the OGEP2008, a technology-development organization that brought together in Saudi Arabia the leading global oil and gas industry players. Dr. Alkhalifa is a previous recipient of the coveted internationally-recognized J. Clarence Karcher award from the Society of Exploration Geophysicist, and the Conrad Schlumberger award from the European Association for Geoscientists and Engineers. These are one of the highest awards an individual can achieve in this field.
Dr. Alkhalifa will help develop an alignment in our strategy to fully conform to the technological development and the commercialization aspiration of the company. He will assist us in our technological development to place us as a leading participant in our industry.
About Cosmoseis PLC
We are an oil-services sector, engaged in seismic processing of petroleum fields on behalf of major international energy companies. Our services are recognized as cutting-edge through our collaboration with the above research center and with the largest supercomputer facility in the Gulf.
We utilize state-of-the art proprietary seismic technology, coupled with powerful analysis-software and experienced oil geologists to locate new high-potential wells and to regenerate and enhance abandoned or low-producing oilfields.
Our business model is fully in conformity with the current urgency in the turbulent oil industry in seeking out the least-costly, most efficient means in discovering and recovering hydrocarbon potential.
For further information, please call CosmoSeis Inc. Tel: + 971 2 445 1885
((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).
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RDATE:28072008
Ruscapital PLC (Frankfurt Stock Exchange symbol: 5RC) announces that it
has acquired CosmoSeis Inc., which is engaged in advanced seismic
imaging and data processing in the oil exploration and production
business (see www.cosmoseis.com), principally in the Middle East. It
carries on operations from an advanced super-computing headquarters in
Abu Dhabi, the capital of the United Arab Emirates.
CosmoSeis' expertise in the seismic industry extends to joint ventures
with Halliburton and other major drillers in the Persian Gulf. As well,
it generates close, exclusive collaboration with Saudi and other oil
government research institutes for the most advanced techniques to find
and exploit new oil.
CosmoSeis benefits from high oil prices, as producers have increased
spending and drilled more wells. Moreover, as prices rise and old oil
fields decline, producers are drilling for oil in areas that were
considered too difficult or too expensive before. To do so, producers
are relying on oil service companies, such as CosmoSeis, to provide the
technology and know-how to find and produce oil hidden deep underground
or far offshore. For this reason, CosmoSeis is less sensitive than
producers to commodity prices.
The increasing complexity of new wells is helping give CosmoSeis
pricing power. As well, oil service companies are very successful in
the Middle East where national oil companies have increasingly turned
to them for jobs that might once have been handled by independent oil
companies.
In the near future CosmoSeis intends to further exploit its technology
by bidding for oil properties in Kazakhstan and Mozambique.
CONTACT: CosmoSeis Tel: +971 2 445 1885.