Earth Search Sciences, Inc. (OTCBB:ESSE) announced today the signing of a Letter of Intent with Phoenix GeoExploration Inc. to undertake airborne hyperspectral mapping over their SW Williston Basin Project, an area close to major oil discoveries. The LOI is based on Earth Search receiving a royalty in exchange for providing the hyperspectral survey. The objectives of the hyperspectral survey are to look for oil seeps or alteration chimneys arising from leakage of hydrocarbons from oilfields associated with dolomitization (and increased porosity) in the Red River "B" and "C" horizons - which have hosted the nearby 200 million barrel Cedar Hills Field, the 40 million barrel Buffalo Field, the Medicine Pole Hills Field, the Horse Creek Field, and the Horse Creek South Field. Larry Vance, CEO of Earth Search Sciences, stated, "The PROBE-1 hyperspectral instrument has proven its capability in surface exploration for signs of oil. There are a number of things our airborne data collection highlights, including being able to quickly map the geology of outcrop lithology and surface structure along with any seepages to identify good potential hydrocarbon prospects." President of Phoenix GeoExploration Inc., Dr. Bill Pelton, said, "The acreage we have rights for, is on trend with the excellent discoveries in contiguous properties. They share the same Ordovician carbonates and we believe the hyperspectral imagery may help identify key exploration targets." See the Earth Search website: http://www.earthsearch.com/ and the new Petro Probe, Inc. website, Earth Search's subsidiary oil & gas company, at http://www.petroprobe.com for more information on the hyperspectral technology. For more information on the exploration targets, see http://www.phxgeo.com This news release includes forward-looking statements that involve a number of risks and uncertainties. The information reflects numerous assumptions as to industry performance, general business and economic conditions, regulatory and legal requirements, taxes and other matters, many of which are beyond the control of the company. Similarly, this information assumes certain future business decisions that are subject to change. There can be no assurance that the results predicted here will be realized. Actual results may vary from those represented, and those variations may be material.
Earth Search Sciences (CE) (USOTC:ESSE)
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