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StorageAlliance Steps on Gas: Page 2 of 3

TransCanada PipeLines

and PanCanadian Petroleum are both said to be interested in StorageAlliance’s new services, but nothing has been signed yet.

“We are also looking into purchasing seismic data and remarketing this information to other oil and gas companies and geophysicists,” says Akerley. It sounds like the company might be heading down the same road as Chukry’s previous company, Request-Seismic.

”Yes and no,” says Akerley. Via partnerships with different ASPs, such as GeoSystems, he says the company also plans to sell software interpretation tools for companies producing seismic data.

Meanwhile, StorageAlliance is in desperate need of more funding, having received $750,000 from DKJ Technologies over a year ago. The company is only 10 employees strong, so it may be able to come through the SSP slump where others with larger costs are in serious trouble (see Sanrise Wakes Up). Time will tell.

”We are working on the funding and hope to go public in the near future,” says Akerley.