Veritas DGC Inc. is a provider of integrated geophysical information and services to the petroleum industry. The Company acquires, processes, interprets and markets geophysical data that provides two-dimensional (2D) or three-dimensional (3D) images of the subsurface. Veritas DGC Inc. also produces four-dimensional (4D) surveys, which record fluid movement in the reservoir by repeating specific 3D surveys over time. In addition, the Company uses geophysical data for reservoir characterization to enable its customers to maximize their recovery of oil and natural gas. Veritas DGC Inc.'s customers include national and independent oil and gas companies that utilize geophysical technologies to identify subsurface areas suitable for the production of hydrocarbons; determine the size, structure and stratigraphy of previously identified oil and gas fields, and optimize development and production of hydrocarbon reserves. The Company conducts geophysical surveys on both a contract and a multi-client basis. When it conducts surveys on a contract basis, Veritas DGC Inc. acquires and processes data for a single client, who pays it to conduct the survey and owns the data the Company acquires. When it conducts surveys on a multi-client basis, Veritas DGC Inc. acquires and processes data for its own account, and licenses that data and associated products to multiple clients. The Company has built a library of surveys consisting of over 200,000 line kilometers of 2D data and over 200,000 square kilometers of 3D data. Its marine data library includes surveys in the Gulf of Mexico, the North Atlantic, Southeast Asia, West Africa, North Africa, Canada and Brazil. Veritas DGC Inc.'s land data library includes surveys in Texas, Mississippi, Oklahoma, Wyoming and Utah in the United States, as well as Alberta and British Columbia in Canada. The Company acquires, processes and interprets geophysical information utilizing an array of assets, such as land acquisition, marine acquisition, and data processing and interpretation. Land Acquisition Veritas DGC Inc.'s land acquisition activities are performed with technologically advanced geophysical equipment. As of July 31, 2005, the Company's land survey equipment had a combined recording capacity of approximately 49,000 channels. It typically deploys equipment in North and South America, and Oman, by crews of varying size. Veritas DGC Inc.'s land operations include surveying crews that lay out the lines to be recorded and mark the sites for shot-hole placement or equipment location, and recording crews, which use explosive or mechanical vibrating units to produce acoustic impulses, and recording units to synchronize the shooting and capture the seismic signals via geophones. On a land survey where explosives are used, the recording crew is supported by several drill crews that are typically furnished by third parties under short-term contracts. Drill crews operate in advance of the recording crew and bore shallow holes for explosive charges, which when detonated by the recording crew, produce the necessary acoustic impulse. Marine Acquisition The Company's marine acquisition crews operate from both owned and chartered vessels that have been modified or equipped to its specifications. All of the vessels used by Veritas DGC Inc. are equipped to perform both 2D and 3D geophysical surveys. Each vessel is equipped with geophysical recording instrumentation, digital geophysical streamer cable, cable location and geophysical data location systems, multiple navigation systems, a source control system that controls the synchronization of the energy source and a firing system that generates the acoustic impulses. Streamer cables contain hydrophones that receive the acoustic impulses reflected by variations in the subsurface strata. As of July 31, 2005, five of Veritas DGC Inc.'s vessels were equipped with multiple streamers and multiple energy sources. These vessels acquire more lines of data with each pass, which reduces completion time and the acquisition cost. The Company's vessels Verit

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