January 3, 2008

Alphageo may acquire offshore seismic survey company

With reference to the news item appearing in a leading web portal titled "Alphageo India to acquire offshore seismic survey co in Kazakhstan", Alphageo India Ltd has clarified that the Company has been exploring various possibilities of entering into strategic alliances with Companies involved in similar / related activities for expansion of its business. The Company has been discussing these possibilities with interested Companies across the globe. Since this is an ongoing process, it would be premature to confirm or deny any news appearing in a leading WEB Portal at this juncture.

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