ION announces seventh 3D multi-client reimaging program offshore Mexico
Poster: SySAdmin
Posted on May 10, 2018 at 4:21:01 PM
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style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th> </tr></tbody></table><table class="row sub-header"style="background:#00837E;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"><table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="16px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;hyphens:auto;line-height:16px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h4 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:18px;font-weight:400;hyphens:none;line-height:22px;margin:0;margin-bottom:10px;padding:0;text-align:center;text-transform:uppercase;word-break:none;word-wrap:normal">News From ION Geophysical Corporation</h4><h5 class="text-center" style="-moz-hyphens:none;-webkit-hyphens:none;Margin:0;Margin-bottom:10px;color:#fff;font-family:Montserrat,Arial,sans-serif;font-size:14px;font-weight:500;hyphens:none;line-height:18px;margin:0;margin-bottom:0;padding:0;text-align:center;word-break:none;word-wrap:normal">Transmitted by PR Newswire for Journalists on <span class="prevent-break" style="display:inline-block">May 10, 2018 04:15 PM EST </span></h5></th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th></tr></tbody></table><table class="row header" style="background:#e5f2f3;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:0;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> <h1 style="Margin:0;Margin-bottom:10px;color:#4D4E53;font-family:Montserrat,Arial,sans-serif;font-size:20px;font-weight:500;line-height:28px;margin:0;margin-bottom:0;padding:0;text-align:left;word-wrap:normal">ION announces seventh 3D multi-client reimaging program offshore Mexico</h1> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table> </th><th class="expander" style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0!important;text-align:left;visibility:hidden;width:0"></th></tr></table></th> </tr></tbody></table> <table class="row content" style="background:#fff;border-collapse:collapse;border-spacing:0;display:table;padding:0;position:relative;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><th class="small-12 large-12 columns first last" style="Margin:0 auto;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0 auto;padding:0;padding-bottom:16px;padding-left:30px;padding-right:30px;text-align:left;width:570px"><table style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tr style="padding:0;text-align:left;vertical-align:top"><th style="Margin:0;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:16px;font-weight:400;line-height:1.3;margin:0;padding:0;text-align:left"> <table class="spacer" style="border-collapse:collapse;border-spacing:0;padding:0;text-align:left;vertical-align:top;width:100%"><tbody><tr style="padding:0;text-align:left;vertical-align:top"><td height="24px" style="-moz-hyphens:auto;-webkit-hyphens:auto;Margin:0;border-collapse:collapse!important;color:#0a0a0a;font-family:Montserrat,Arial,sans-serif;font-size:24px;font-weight:400;hyphens:auto;line-height:24px;margin:0;mso-line-height-rule:exactly;padding:0;text-align:left;vertical-align:top;word-wrap:break-word"> </td></tr></tbody></table><p><span class="xn-location">HOUSTON</span>, <span class="xn-chron">May 10, 2018</span> /PRNewswire/ -- ION Geophysical Corporation (NYSE: IO) today announced its seventh 3D multi-client reimaging program offshore Mexico. Based on the success of both the <span class="xn-location">Campeche</span> and Mexican Ridges 3D reimaging programs, now totalling over 130,000 sq km, ION is extending its data in a lesser explored area further to the north. The Perdido South 3D reimaging program consists of over 16,000 sq km across six surveys in the southern part of the attractive Perdido area, believed to have prolific hydrocarbon potential. ION's significant experience offshore <span class="xn-location">Mexico</span>, adjacent to the program area, will aid in the design of cutting-edge processing workflows and deliverables to optimize image quality and inform exploration programs. </p>
<p>"We are pleased to be collaborating on another large project offshore <span class="xn-location">Mexico</span>, where we anticipate strong client demand in upcoming license rounds," commented <span class="xn-person">Brian Hanson</span>, ION's President and Chief Executive Officer. "Our approach to reimage the raw data using the most advanced imaging technology into a seamless data set will jumpstart exploration efforts in this largely untested basin."</p>
<p>The data will be delivered in phases over the next 10 months, with initial deliverables available in May, to accelerate subsurface knowledge and inform upcoming bid round decisions.</p>
<p>To learn more, visit <a href="http://email.prnewswire.com/wf/click?upn=TwIh0OIjG8BOSB67uKqqjxIApEsK4DNexh61iYdlBe0fQcai4pmtK2T-2BlnpNAyJS_q1N77mbql2CxsoEfo2fFiZ6dnlev64IGUSa1KT1DDw1MuprZmQ6aap9NY9k0Le755l7gAVx-2Fohs9SvaC9xLAummO0wu3BBI39WW-2FjNrSzJJ-2Bl29tWhcqwYxDnbEz7Xf6iG8QOl56k3JOpj8XlxJ0y8-2FVaT5dWRBA-2FypAOywZpHbGy6LzoT92Gzsedd9ZVUJ-2Bj8QCSYdgXdvEbxuFptNgR7-2F4F-2BEEnvVJ2ErUHDKPAT-2BkzJ4JpJQjGS39dvX7Xm-2FrhT9FsDaXt4xVSs-2FOmict4pKTCbJQiT8oHVXccB-2BTo6kK-2FhKP8ix6oJ4v6ekl5prk5BwBn3XW7vfiE9-2BnK-2BgFTg-3D-3D" rel="nofollow" target="_blank">iongeo.com/PerdidoSouth</a>.</p>
<p><b>About ION</b></p>
<p>ION develops and leverages innovative technologies, creating value through data capture, analysis and optimization to enhance critical decision-making, enabling superior returns. For more information, visit <a href="http://email.prnewswire.com/wf/click?upn=TwIh0OIjG8BOSB67uKqqj2-2BBwtmGSXYHe-2BDFqjo3y-2Fk-3D_q1N77mbql2CxsoEfo2fFiZ6dnlev64IGUSa1KT1DDw1MuprZmQ6aap9NY9k0Le755l7gAVx-2Fohs9SvaC9xLAummO0wu3BBI39WW-2FjNrSzJJ-2Bl29tWhcqwYxDnbEz7Xf6iG8QOl56k3JOpj8XlxJ0y8-2FVaT5dWRBA-2FypAOywZpHbGy6LzoT92Gzsedd9ZVUJ-2BxT0RmVVcY6V-2BFjLFcOjEBYlBWhi1p-2BWppVc3JJbhN71x8yI4tcA-2F3xkTeEHur384zl3PdyHd2D7AsVixyagzS7vyvdY6PRIrSSxRdwihtnaM-2B3JRvu4mtF8L4q-2BYt-2BvdPwQaIdvW923tc9LLTLC6oQ-3D-3D" rel="nofollow" target="_blank">iongeo.com</a>.</p>
<p><b>Contacts</b></p>
<p><b>ION (Investor relations)</b></p>
<p>Executive Vice President and Chief Financial Officer<br><span class="xn-person">Steve Bate</span>, +1 281.552.3011<br><a href="mailto:steve.bate@iongeo.com" rel="nofollow" target="_blank">steve.bate@iongeo.com</a> </p>
<p><b>ION (Media relations)</b></p>
<p>Vice President, Communications<br><span class="xn-person">Rachel White</span>, +1 281.781.1168<br><a href="mailto:rachel.white@iongeo.com" rel="nofollow" target="_blank">rachel.white@iongeo.com</a> </p>
<p><i>The information herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include information and other statements that are not of historical fact. Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include the risks associated with the timing and development of ION Geophysical Corporation's products and services; pricing pressure; decreased demand; changes in oil prices; and political, execution, regulatory, and currency risks. These risks and uncertainties also include risks associated with the WesternGeco litigation and other related proceedings. We cannot predict the outcome of this litigation or the related proceedings. For additional information regarding these various risks and uncertainties, including the WesternGeco litigation, see our Form 10-K for the year ended <span class="xn-chron">December 31, 2017</span>, filed on <span class="xn-chron">February 8, 2018</span>. Additional risk factors, which could affect actual results, are disclosed by the Company in its fillings with the Securities and Exchange Commission ("SEC"), including its Form 10-K, Form 10-Qs and Form 8-Ks filed during the year. The Company expressly disclaims any obligation to revise or update any forward-looking statements.</i></p>
<p> </p>
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<p>"We are pleased to be collaborating on another large project offshore <span class="xn-location">Mexico</span>, where we anticipate strong client demand in upcoming license rounds," commented <span class="xn-person">Brian Hanson</span>, ION's President and Chief Executive Officer. "Our approach to reimage the raw data using the most advanced imaging technology into a seamless data set will jumpstart exploration efforts in this largely untested basin."</p>
<p>The data will be delivered in phases over the next 10 months, with initial deliverables available in May, to accelerate subsurface knowledge and inform upcoming bid round decisions.</p>
<p>To learn more, visit <a href="http://email.prnewswire.com/wf/click?upn=TwIh0OIjG8BOSB67uKqqjxIApEsK4DNexh61iYdlBe0fQcai4pmtK2T-2BlnpNAyJS_q1N77mbql2CxsoEfo2fFiZ6dnlev64IGUSa1KT1DDw1MuprZmQ6aap9NY9k0Le755l7gAVx-2Fohs9SvaC9xLAummO0wu3BBI39WW-2FjNrSzJJ-2Bl29tWhcqwYxDnbEz7Xf6iG8QOl56k3JOpj8XlxJ0y8-2FVaT5dWRBA-2FypAOywZpHbGy6LzoT92Gzsedd9ZVUJ-2Bj8QCSYdgXdvEbxuFptNgR7-2F4F-2BEEnvVJ2ErUHDKPAT-2BkzJ4JpJQjGS39dvX7Xm-2FrhT9FsDaXt4xVSs-2FOmict4pKTCbJQiT8oHVXccB-2BTo6kK-2FhKP8ix6oJ4v6ekl5prk5BwBn3XW7vfiE9-2BnK-2BgFTg-3D-3D" rel="nofollow" target="_blank">iongeo.com/PerdidoSouth</a>.</p>
<p><b>About ION</b></p>
<p>ION develops and leverages innovative technologies, creating value through data capture, analysis and optimization to enhance critical decision-making, enabling superior returns. For more information, visit <a href="http://email.prnewswire.com/wf/click?upn=TwIh0OIjG8BOSB67uKqqj2-2BBwtmGSXYHe-2BDFqjo3y-2Fk-3D_q1N77mbql2CxsoEfo2fFiZ6dnlev64IGUSa1KT1DDw1MuprZmQ6aap9NY9k0Le755l7gAVx-2Fohs9SvaC9xLAummO0wu3BBI39WW-2FjNrSzJJ-2Bl29tWhcqwYxDnbEz7Xf6iG8QOl56k3JOpj8XlxJ0y8-2FVaT5dWRBA-2FypAOywZpHbGy6LzoT92Gzsedd9ZVUJ-2BxT0RmVVcY6V-2BFjLFcOjEBYlBWhi1p-2BWppVc3JJbhN71x8yI4tcA-2F3xkTeEHur384zl3PdyHd2D7AsVixyagzS7vyvdY6PRIrSSxRdwihtnaM-2B3JRvu4mtF8L4q-2BYt-2BvdPwQaIdvW923tc9LLTLC6oQ-3D-3D" rel="nofollow" target="_blank">iongeo.com</a>.</p>
<p><b>Contacts</b></p>
<p><b>ION (Investor relations)</b></p>
<p>Executive Vice President and Chief Financial Officer<br><span class="xn-person">Steve Bate</span>, +1 281.552.3011<br><a href="mailto:steve.bate@iongeo.com" rel="nofollow" target="_blank">steve.bate@iongeo.com</a> </p>
<p><b>ION (Media relations)</b></p>
<p>Vice President, Communications<br><span class="xn-person">Rachel White</span>, +1 281.781.1168<br><a href="mailto:rachel.white@iongeo.com" rel="nofollow" target="_blank">rachel.white@iongeo.com</a> </p>
<p><i>The information herein contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include information and other statements that are not of historical fact. Actual results may vary materially from those described in these forward-looking statements. All forward-looking statements reflect numerous assumptions and involve a number of risks and uncertainties. These risks and uncertainties include the risks associated with the timing and development of ION Geophysical Corporation's products and services; pricing pressure; decreased demand; changes in oil prices; and political, execution, regulatory, and currency risks. These risks and uncertainties also include risks associated with the WesternGeco litigation and other related proceedings. We cannot predict the outcome of this litigation or the related proceedings. For additional information regarding these various risks and uncertainties, including the WesternGeco litigation, see our Form 10-K for the year ended <span class="xn-chron">December 31, 2017</span>, filed on <span class="xn-chron">February 8, 2018</span>. Additional risk factors, which could affect actual results, are disclosed by the Company in its fillings with the Securities and Exchange Commission ("SEC"), including its Form 10-K, Form 10-Qs and Form 8-Ks filed during the year. The Company expressly disclaims any obligation to revise or update any forward-looking statements.</i></p>
<p> </p>
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