On July 13, 2016, Petro-Explorers and GridWorld signed a 3-year non-exclusive agent agreement on CanadaMarket. In this period, Petro-Explorers will promote and sell GridWorld’s software product, DepthInsight®, in Canada market and provide relevant service.

About Petro-Explorers

Petro-Explorers Inc. (www.petroexplorers.com) is an integrated Reservoir Characterization company incorporated in Calgary, Alberta, Canada in 2009. The focus of the company is to provide seismic and well-based analysis using state-of-the-art leading edge software tools and years of experience in geology and geophysics to solve exploration problems ranging from data mining to proposing new well locations. The company goal is to create value for customers by providing tailored reservoir characterization through application of leading edge technologies both for domestic and international projects of any size.

About GridWorld

GridWorld (www.gridworld.com) focuses on developing software for constructing geological models. It is dedicated to being an industry leading provider of advanced technology related to structural earth modeling. This technology allows users in the oil and gas industry build accurate geological models, simulate subsurface physical processes, and analyze the results. GridWorld has offices in Beijing, Nanjing and Houston. The core Research and Development team in GridWorld has diverse backgrounds of talents that include, computer science and geoscience and is constantly creating new innovative technology to meets all the challenges for the users.