Wave Imaging Technology Inc.

WIT in the Media

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Subsalt overpressure detection with wave equation depth imaging can save time, cost -- April, 2009 Offshore Magazine

Press Release Index

Complex Geological Imaging Contracts Awarded to WIT
Rough Terrain, Sub-Salt, Sub-Ice Assignments to Wave Imaging Technology
Oscar Ramirez Named Manager of Data Processing Wave Imaging Technology
Tom Wood Named VP Sales and Marketing Wave Imaging Technology
Two New Directors Named at Wave Imaging Technology
Wiley Named Vice President,CFO, Director of Wave Imaging Technology
Wave Imaging Technology Inc. Formed

Complex Geological Imaging Contracts Awarded to WIT

HOUSTON (November 18) - Wave Imaging Technology, Inc. (WIT) has received follow-on assignments covering 265 square miles in the following geophysical provinces:

Louisiana Gulf Coast deep fault imaging
Paradox Basin, Utah, sub-salt imaging
Wyoming rough terrain imaging and azimuthal fracture detection
San Joaquin Valley, California, rough terrain, steep dip imaging.

All of these contracts have in common defining unique geologic features that typical geophysical imaging has difficulty in producing useable data. "WIT enjoyed outstanding attendance at our booth at the SEG Expo this year," said Tom Wood, Vice President, Sales and Marketing. "There is tremendous increasing interest in pre-stack depth migration, particularly for onshore applications. As a pioneer specialty company in this area, WIT is well positioned to capitalize on this industry trend, as evidenced by the number of pre-stack depth migration requests we fielded from both existing and new customers at the show."

Rough Terrain, Sub-Salt, Sub-Ice Assignments to Wave Imaging Technology

HOUSTON (August 11) - Wave Imaging Technology, Inc. has received $126,000 in sub-salt, rough terrain and sub-permafrost pilot studies from the following geophysical provinces:

North Slope of Alaska permafrost transition
Gulf Coast overpressure sub-salt
Mid-Continent salt dissolution areas
Williston Basin azimuth fracture detection
Kurdistan extreme topographic features

All of these contracts have in common defining unique geologic features that typical geophysical imaging has difficulty in producing useable data. All but the Kurdistan project are pilot projects that may lead to larger seismic processing projects in these same areas, says Morgan P. Brown, president of WIT.

Wave Imaging Technology is a leading-edge seismic processing company that uses a proprietary fault-tolerant parallel system for both land and marine processing and simulation. Its aggressive R&D program focuses on delivering clearer images using proprietary wave equation technology in areas of rough topography, complex structure and sub-salt overpressure.

Oscar Ramirez Named Manager of Data Processing Wave Imaging Technology

HOUSTON (August 4, 2009)-Oscar E Ramirez has been named Manager of Data Processing Services at Wave Imaging Technology, Inc. (WIT).

Ramirez comes to WIT from a position as senior geophysicist for Weinman GeoScience, Houston. Morgan P. Brown, President and CEO of WIT, and Ramirez worked together as a team in Geosciences Technology Group at Amerada Hess Corporation.

Ramirez brings additional seismic data processing experience to Wit from his prior work in Louisiana, deepwater Gulf of Mexico, Williston Basin, West and East Texas, Oklahoma, the North Sea, South China Sea, Peru, Morocco and offshore Brazil . He holds Bachelor of Science and Masters of Science degrees in Earth Systems from Stanford University.

Tom Wood Named VP Sales and Marketing Wave Imaging Technology

HOUSTON (January 14, 2009) -- Tom Wood has been named Vice President Sales and Marketing for Wave Imaging Technology.

Wood has more than 25 years experience in domestic and international seismic exploration, market research and business development. He has worked with Western Geophysical, Fairfield Industries, Seismic & Digital Concepts, Digicon Geophysical and Geozone Energy Group. He holds a BS in Geology from Southern Methodist University, an MS in Environmental Sciences from the University of Texas-San Antonio, and an MBA from Our Lady of the Lake University.

Wave Imaging Technology is a leading edge seismic processing company that uses a proprietary fault-tolerant parallel system for both land and marine processing and simulation. Its aggressive R&D program focuses on delivering clearer images using proprietary wave equation technology in areas of rough topography, complex structure and sub salt overpressure.

Two New Directors Named at Wave Imaging Technology

HOUSTON (December 22, 2008) -- Two new directors have been named to the board of Wave Imaging Technology Inc (WIT), a seismic imaging services company to oil and gas exploration and production firms.

Michael Weill, who retired as President of Operations and Technology from BHP Billiton Petroleum in October 2007, has been named to the board. During his 11 years at BHP, his responsibilities included development and production in the Americas and Australia and President of Integrated Business development for BHP. Prior to BHP, he held various managerial and technical positions with Shell in New Orleans, Houston and The Hague. He holds a Bachelor of Science degree in Chemical Engineering from Cornell University.

Philip Taggart, president of Taggart Financial Group, Inc., also has been named to the WIT board. He has been active in investor relations work since 1964 and is the author of the book Taking Your Company Public published by the American Management Association. He has provided communication services for 58 initial public offerings, more than 200 other new issues and numerous mergers and acquisitions. Taggart serves on the boards of International Expert Systems and AmREIT. A distinguished alumnus of the University of Tulsa, he has been a university instructor in investor relations at the University of Houston.

Wiley Named Vice President,CFO, Director of Wave Imaging Technology

HOUSTON (December 8, 2008) -- Lee W. Wiley, managing partner of Wiley Advisors, has been named vice-president, chief financial officer and director of Wave Imaging Technology Inc (WIT), a seismic imaging firm serving oil and gas exploration and development companies.

Wiley has developed the company's business plan and is spearheading the company's venture capital efforts to raise money for WIT's expanding international operations. He previously held positions at Chase Bank, Crutcher Resources Corporation, Sabine Steel and Construction and International Expert Systems. He was graduated from Lafayette College, Easton, Pennsylvania, with a degree in Economics.

Wave Imaging Technology Inc. Formed

HOUSTON (November 24, 2008) -- Wave Imaging Technology Inc. has been formed as a Texas Corporation to provide new patent pending analysis to extract information from reflected seismic waves in oil and gas exploration and production.

The company's first three assignments came from Petrobras America Inc., Aera Energy and BHP.

Joseph H. Higginbotham has been named chairman, chief technology officer and director of the Company. He is a 25-year industry veteran who worked for Texaco, Chevron and 3DGeo, and is a recognized world expert in wave equation depth imaging. He developed the Siesta processing system which is used for both land, marine seismic processing and in virtual simulations. He holds a PH. D. in Theoretical Physics from the University of Toledo.

Morgan P. Brown has been named president, chief executive officer and director. He is a 2004 PH.D. graduate of the Stanford Exploration Project He has held R&D positions at Hess Corp and 3DGEO, working in wave imaging technology, reflection tomography and automated seismic interpretation.

For more information please contact Morgan P. Brown, 970-497-0482 or see the company's website at www.witinc.com.