MicroSeismic, Inc. Reports Record Revenue Setting records in both the US and Canada

January 2010

HOUSTON - January 28, 2010 - MicroSeismic, Inc. (MSI), a leading geophysical service company providing 3-D passive seismic imaging for energy exploration and production, today announced that it has achieved record revenue for the seventh consecutive year.

The company achieved a revenue increase of 33 percent in 2009 over 2008, with record revenue in both the United States and Canada. The company experienced a slow start in the first and second quarter of last year due to the downturn in the natural gas market, but achieved record setting revenues in both the third and fourth quarters to end the fiscal year at an all time high. MSI ended the year with a record backlog of more than $12 million dollars going into 2010.

"MicroSeismic's business performed exceptionally well in both the third and fourth quarters, while other oil service providers have experienced ongoing severe business contractions," said Peter Duncan, Ph.D., CEO of MicroSeismic, Inc. "We continue to see strong demand for our FracStar and Buried Array microseismic monitoring services, which have proven to help increase production and reduce costs for operators in the unconventional resource plays. We have generated excellent results from our Buried Array programs and have sold eight of them this past year."

The company is completing installation of more than 300 square miles or more than 200,000 acres of buried arrays in the Haynesville, Marcellus, and Bakken shale basins, incorporating more than 1,000 buried geophones.

"Our FracStar^® and Buried Array services are customized for each client to be deployed either temporarily on the surface or permanently buried below the surface depending on their program objectives and the number of wells to be monitored over a certain period of time," said Duncan. "These unique services, along with our patented PSET^® processing technology, have gained industry acceptance and have proven to provide more accurate and comprehensive results when compared to down hole monitoring methods. We are off to a great start for 2010, with additional buried array programs planned in the basins we now monitor and others, and we expect significant growth in the number of FracStar implementations as well."

MicroSeismic, Inc. has performed more than 200 microseismic monitoring and analysis projects to date for more than 60 domestic and international clients. The company is based in Houston, Texas with offices in Denver, Colorado and Calgary, Alberta. For more information visit: www.microseismic.com

About MicroSeismic, Inc.

MicroSeismic, Inc. is a leading provider of passive seismic and microseismic data acquisition, analysis and interpretation to the global oil & gas industry. MicroSeismic's technology and services enable E&P operators to better manage their reservoirs, increase their production rates and decrease their completion costs and risks.

Microseismic monitoring is the practice of listening to the seismic noise emitted from a reservoir to directly detect patterns of fluid movement, fracture development, compaction or faults. Passive seismic imaging is 3-D structural imaging using existing, often naturally occurring, sound sources, rather than dynamite or vibrators. Passive seismic technology enables seismic exploration in places that are difficult to reach or environmentally sensitive.

About PSET^®

PSET^®, Passive Seismic Emission Tomography, is a passive seismic monitoring, mapping and analysis process invented by MicroSeismic. PSET^® utilizes a FracStar^® array or a Buried Array of surface detectors to locate very low level acoustic energy emissions associated with hydrocarbon producing activities. The surface array approach has the advantage of not requiring dedicated monitor wells. There are many potential sources of seismic energy from the reservoir, all associated with specific dynamic reservoir interventions. Mapping of these energy fields can yield valuable information to optimize frac treatments and other processes.