MicroSeismic HISTORY

2011

Society of Exploration Geophysicists announces Peter Duncan as an honorary member in September 2011
World Oil - Innovative Thinker Award Nominee - Dr. Peter M. Duncan
Awarded #7 in the FastTech 50 Award presented by Houston Business Journal as one of the fastest growing companies in Houston.
Completed a $100M majority recapitalization with TA Associates and Madrone Capital Partners

Sanish Field - North Dakota

MSI Reported 700% Revenue Increase in First Quarter
World Oil nomination for Best Completion Technology Award
World Oil nomination for Best Exploration Technology Award
New Technology Magazine's award for Best Exploration Technology
MicroSeismic Receives E&P Magazine's 2010 Hart Meritorious Award for Engineering Excellence
Largest BuriedArray™ service installed, in Sanish Field - North Dakota
Receives Houston Business Journals Enterprise Champion Award and named to the Houston Business Journals "Fast Tech 50" list, ranked #24.
MSI enhances service offering with Transform software reservoir data visualization capabilities
Launched new logo and brand at SEG 2010
Offices opened in Poland and China

Sold eight BuriedArray data acquisition programs, supporting four operators
Launched multiple programs in Canada and in the Marcellus, Haynesville, Bakken and Eagle Ford Shale plays
MSI granted a patent by the United States Patent and Trademark Office for its Passive Seismic Emission Technology (PSET®) service
Named to the Houston "Fast Tech 50" list by the Houston Business Journal
Peter Duncan invited to speak at CERA Week 2010 in the Energy Innovations Pioneers Session
The company achieves record revenue growth in both the US and Canada for 2009

Revenues increased by 25% over the previous year
Opened office in Calgary
Moved HQ offices to larger facility with 12,000 square feet of space
CEO and President, Dr. Peter Duncan Named as the 2008 Fall AAPG-SEG Distinguished Lecturer
Named to the Houston "Fast Tech 50" list by the Houston Business Journal in 2008. MSI was ranked number 13 out of the top 50 technology companies in Houston
Launched Down Hole monitoring service in 2008
Launched BuriedArray monitoring service
Awarded world's first multi-year, multi-million dollar contract for permanently installed BuriedArray service
Doubled the size of the North American sales team, hired a VP of Sales for US, named a VP of Sales for International, added sales representatives in China, Argentina, and Mexico

Revenue increased by 231% over 2006
Opened office in Denver with sales, processing and operations personnel
Completed second generation of the company's proprietary passive seismic processing software, PSET®

Revenues doubled over 2005
In August 2006 MSI, completed a $7 million "Round B" financing from three participants, including the two "Round A" participants, Altira, Chevron Technology Ventures, and RockPort Capital Partners
The company built its staff in anticipation of substantially expanded operations in 2007. This included adding a Chief Financial Officer, an operations management team, hiring and training additional field crews, and increasing the number of geophysicists

MicroSeismic, Inc., (MSI) was incorporated in early 2003 to commercialize passive seismic and received venture funding of $450,000. The lead investor was the Altira Group of Denver, Colorado joined by Chevron Technology Ventures, the venture capital arm of Chevron Corporation
First-to-market with a novel surface array technique for hydro-frac monitoring called FracStar®
Registered Trademarks for PSET®, PSTT® and FracStar® technologies