Computalog Ltd. - T.CGH- Profile

Computalog Ltd. provides electric wireline logging and drilling services and develops, manufactures and markets wireline logging products for the petroleum resource industry in Canada, the United States and internationally. The company's cased hole wireline services include the Pulsed Neutron Decay (PND) helping to locate bypassed oil in existing wells, FLexStak production logging suite and the cs400c data acquisition and information management systems. Wireline services accounted for 76% of 1998 revenues and directional drilling services, 24%. During 1998 the company acquired Union Wireline Services and a joint venture entity of the company acquired all of the shares of Carib Energy Service Inc.