CGG Veritas http://www.alacrastore.com/company-snapshot/CGG_Veritas-2104391 Friday, July 25, 2008 6:10:09 PM 2104391 CGG Veritas en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/newstex/PZM-0001-26473702newstex/PZM-0001-26473702xml OSLO, Norway, Jul. #, #### (July delivered by Newstex) -- Petroleum Geo-Services ASA ('PGS' or the 'Company') announced today that its subsidiary Arrow Seismic ASA ('Arrow') has received a writ of summons to Asker og Baerum Tingrett...0300000003001000030010010400000004016000040160057/7/2008 3:23:46 AM1800000018016000PrimeNewswirePZM-0001-26473702COMPAGNIE GENERALE DE GEOPHYSIQUE VERITASCOMPAGNIE GENERALE DE GEOPHYSIQUE-VERITASPETROLEUM GEO-SERVICES ASACGPVFCGVPGSVYNewsNewstexFRANCE - Cie Generale de Geophysique-Veritas (CGGVeritas) acquired Metrolog, a Labege cedex, a manufacturer of pressure and temperature gauges.5/30/2008 5:21:34 PM20438659121T20438659121TCie Generale de Geophysique-Veritas {CGGVeritas}MetrologCie Generale de Geophysique-Veritas {CGGVeritas}Metrologhttp://www.alacrastore.com/storecontent/Thomson_M%26A/CGGVeritas_acquires_Metrolog-1981907040sdc/19819070401981907040Copyright © 2008, Thomson Financial, All Rights ReservedNew YorkOil and Gas; Petroleum RefiningFranceCrude petroleum and natural gas1311FFForeignPublicCGV1311:Crude petroleum and natural gas1381:Drilling oil and gas wells1382:Oil and gas field exploration services1311:Crude petroleum and natural gas1381:Drilling oil and gas wells1382:Oil and gas field exploration servicesMeasuring, Medical, Photo Equipment; ClocksFranceProcess control instruments3823FFForeignPrivate247505003Oil,gas expl,prodn coMnfr pressure,temp gaugesUnspecifiedAssets1013160001May 30 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.00000Cie Generale de OilGeophysique-Veritas, locatedin Paris, an oil and gasexploration and productioncompany. The company, throughits unit Sercel, manufacturesof land and marine geophysicalequipment including high-tech,integrated electronicrecording systems, cables,land, ocean-bottom andborehole sensors, streamers,offshore seismic sources andvibrators.Cie Generale de Oil Geophysique-Veritas, located in Paris,an oil and gas exploration and production company. Thecompany, through its unit Sercel, manufactures of land andmarine geophysical equipment including high-tech, integratedelectronic recording systems, cables, land, ocean-bottom andborehole sensors, streamers, offshore seismic sources andvibrators.Cie Generale de Oil Geophysique-Veritas, located in Paris, an oil and gas exploration and production company. The company, through its unit Sercel, manufactures of land and marine geophysical equipment including high-tech, integrated electronic recording systems, cables, land, ocean-bottom and borehole sensors, streamers, offshore seismic sources and vibrators.1.000002.000003.000004.000005.000006.00000Metrolog manufactures anddesigns pressure andtemperature gauges for the oilindustry. The company isheadquartered in Labege cedex,France.Metrolog manufactures and designs pressure and temperaturegauges for the oil industry. The company is headquartered inLabege cedex, France.Metrolog manufactures and designs pressure and temperature gauges for the oil industry. The company is headquartered in Labege cedex, France.0.000000.000000.000000.00000N27 May 08Tue, 27 May 2008 00:00:00 ESTDate Announced: 05/27/200827 May 08Date Effective: 05/27/200827 May 08Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.00000100.00000100.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000100.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.00000FRANCE - Cie Generale deGeophysique-Veritas(CGGVeritas) acquiredMetrolog, a Labege cedex, amanufacturer of pressure andtemperature gauges.FRANCE - Cie Generale de Geophysique-Veritas (CGGVeritas) acquired Metrolog, a Labege cedex, a manufacturer of pressure and temperature gauges.FRANCE - Cie Generale de Geophysique-Veritas (CGGVeritas) acquired Metrolog, a Labegecedex, a manufacturer of pressure and temperature gauges.FRANCE - Cie Generale de Geophysique-Veritas (CGGVeritas) acquired Metrolog, a Labege cedex, a manufacturer of pressure and temperature gauges.FRANCE - Cie Generale de Geophysique-Veritas (CGGVeritas) acquired Metrolog, a Labege cedex, a manufacturer of pressure and temperaturegauges.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003433:Heating equipment3823:Process control instruments3829:Measuring&controlling devices247505003New YorkFrance1311ForeignPublicCGV3433:Heating equipment3823:Process control instruments3829:Measuring&controlling devices1013160001France3823ForeignPrivate0.000000.000000.000000.00000Deal InformationThomson Financial Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PBC_109101moodys/PBC_109101pdf...Following the completion of the merger between France s Compagnie G n rale de G ophysique ( CGG ) and US-based Veritas DGC Inc. ( Veritas ) in January ####, the combined entity, named Compagnie G n rale de G ophysique-Veritas, S.A. ( CGGVeritas ), ranks among the top three players in the seismic industry, together with WesternGeco (a wholly owned subsidiary of Schlumberger Ltd, rated A# with stable outlook) and Petroleum Geo-Services ASA ( PGS , rated Ba# with stable outlook). It is listed on both Euronext Paris and the New York Stock Exchange, with a market capitalisation of close to EUR#.# billion. CGGVeritas operates in the following two industry segments: ... 5/30/2008 8:14:04 AMpdfCompagnie Generale De Geophysique-VeritasCompagnie Generale De Geophysique-Veritas600052663300.0000AnalysisAnalysisPBC_109101Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_155696_815067221moodys/PR_155696_815067221htmlGlobal Credit Research Rating Action ## MAY #### Rating Action: CGGVeritas Services, Inc. Moody's upgrades CGGVeritas' senior facilities to Ba# Approximately USD#.## billion of debt securities upgraded London, ## May #### -- Moody's...5/20/2008 12:40:22 AMhtmlCGGVeritas Services, Inc.Compagnie Generale De Geophysique-VeritasCGGVeritas Services, Inc.; Compagnie Generale De Geophysique-Veritas815067221600052663150.0000NewsRating ActionPR_155696_815067221Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1735195ccbn/T1735195norm...Good morning. My name is Kiery and I will be your conference operator today. At this time, I would like to welcome everyone to the CGGVeritas First Quarter #### Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. (OPERATOR INSTRUCTIONS) ... 5/14/2008 9:06:00 PMCGGVeritas54.0000FinalQ1 2008 CGGVeritas Earnings Conference Call TranscriptCGV3:00pm CETTranscriptT1735195Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/633800spcred/633800normThe latest Summary from S&P3/4/2008 10:32:05 AMSummary175global633800FranceOil & Gas Equipment & ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsEnergySummaryThe ratings on oil and gas seismic company Compagnie Générale de Geophysique - Veritas (CGG-Veritas) take into account the sector's intense competition and high cyclicality, notably for the capital-intensive marine segment, and resulting high sensitivity of profit generation. Other risk factors include the company's acquisitive track record and still high gross debt ($2 billion at year-end 2007). Credit strengths include CGG-Veritas' leading position, next to Schlumberger's WesternGeco (not rated) and Petroleum Geo-Services ASA (PGS; BB-/Stable/--), and diversity provided by dual exposure to seismic services and seismic-equipment manufacturing (SERCEL). Competitive advantages include the global reach of its 20-vessel seismic data-acquisition fleet, access to advanced modern equipment and technology, and an attractive and growing acquisition data library, notably for the Gulf ofFRA20438610101020 101010 1010 10Compagnie Generale de Geophysique - Veritas347292EUROMIDAFRGA@FPSUMMARYGLOBISSCORPEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1735189ccbn/T1735189norm...Good morning. My name is Monica, and I will be your conference operator today. At this time I would like to welcome everyone to the CGGVeritas #### year end results conference call. All lines have been placed on mute to prevent any background noise. (OPERATOR INSTRUCTIONS) Thank you. I will now turn the call over to Mr. Robert Brunck, Chairman and CEO. Sir, you may begin your conference. ... 2/28/2008 11:06:00 AMCGGVeritas54.0000FinalQ4 2007 CGGVeritas Earnings Conference Call TranscriptCGV3:00pm CETTranscriptT1735189Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/624566spcred/624566normThe latest Full Report from S&P1/8/2008 1:11:40 PMFull Report400global624566FranceOil & Gas Equipment & ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsEnergyFull ReportOne of the top two leading global oil and gas seismic providers, with dual exposure to services and equipment manufacturing. Large and modern offshore seismic data-acquisition fleet and strong position in U.S. Gulf of Mexico seismic data library. Strong and extended demand investment outlook by oil and gas companies. Continued near-term record margin expectations to yield strong free cash flow and debt reduction in 2008. Highly cyclical and capital-intensive marine segment, with limited visibility on risk of vessel overcapacity post 2009. Risky noncontracted (multi-client) seismic data acquisition. Growth-focused and historically acquisitive strategies. The ratings on on global oil and gas seismic company Compagnie Générale de Geophysique - Veritas (CGG-Veritas) reflect the sector's intense competition, the continued high cyclicality for theFRA20438610101020 101010 1010 10Compagnie Generale de Geophysique - Veritas347292EUROMIDAFRGA@FPFULLGLOBISSCORPEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/624541spcred/624541normThe latest Full Report from S&P1/8/2008 10:33:40 AMFull Report400global624541FranceOil & Gas Equipment & ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsEnergyFull ReportOne of the top two leading global oil and gas seismic providers, with dual exposure to services and equipment manufacturing. Large and modern offshore seismic data-acquisition fleet and strong position in U.S. Gulf of Mexico seismic data library. Strong and extended demand investment outlook by oil and gas companies. Continued near-term record margin expectations to yield strong free cash flow and debt reduction in 2008. Highly cyclical and capital-intensive marine segment, with limited visibility on risk of vessel overcapacity post 2009. Risky noncontracted (multi-client) seismic data acquisition. Growth-focused and historically acquisitive strategies. The ratings on on global oil and gas seismic company Compagnie Générale de Geophysique - Veritas (CGG-Veritas) reflect the sector's intense competition, the continued high cyclicality for theFRA20438610101020 101010 1010 10Compagnie Generale de Geophysique - Veritas347292EUROMIDAFRGA@FPFULLGLOBISSCORPEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/624543spcred/624543normThe latest Summary from S&P1/8/2008 10:33:40 AMSummary175global624543FranceOil & Gas Equipment & ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsEnergySummaryThe ratings on on global oil and gas seismic company Compagnie Générale de Geophysique - Veritas (CGG-Veritas) reflect the sector's intense competition, the continued high cyclicality for the offshore segment--principally because of rapid new-build of marine vessels rather than due to demand, which is set to stay strong--together with Standard&Poor's Ratings Services' expectation that current record demand for SERCEL equipment will return to more normalized levels from 2009. Credit strengths include CGG-Veritas' leading position, together with Schlumberger's WesternGeco (not rated), in the global oil and gas seismic sector. CGG-Veritas benefits from its dual exposure to seismic services, complemented by seismic-equipment manufacturing (SERCEL). Competitive advantages include the global reach of its 20-vessel seismic data-acquisition fleet, access to advanced modernFRA20438610101020 101010 1010 10Compagnie Generale de Geophysique - Veritas347292EUROMIDAFRGA@FPSUMMARYGLOBISSCORPEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_600052663moodys/COP_600052663htmlGlobal Credit Research Credit Opinion ## MAY #### Credit Opinion: Compagnie Generale De Geophysique-Veritas Compagnie Gnrale De Gophysique-Veritas France Ratings Category Moody's Rating Outlook Stable Corporate Family Rating Ba# Sr...1/3/2008 8:05:00 PMhtmlCompagnie Generale De Geophysique-VeritasCompagnie Generale De Geophysique-Veritas600052663150.0000NewsCredit OpinionCOP_600052663Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_126104_815067221moodys/PR_126104_815067221htmlRating Action12/21/2007 6:00:23 PMGlobal Credit Research Rating Action ## JAN #### Rating Action: Volnay Acquisition Co. I Moody's confirms CGG's ratings; withdraws Veritas rating Approximately USD#.# billion of debt securities affected London, ## January #### -- Moody's...Volnay Acquisition Co. I815067221150.00Newshtml600052663Compagnie Generale de Geophysique (CGG)238715Veritas DGC Inc.Compagnie Generale De Geophysique-VeritasCompagnie Generale de Geophysique (CGG); Compagnie Generale De Geophysique-Veritas; ...PR_126104_815067221Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/619627spcred/619627normThe latest Research Update from S&P12/13/2007 1:29:24 PMResearch Update175global619627FranceOil & Gas Equipment & ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsEnergyResearch UpdateOn Dec. 13, 2007, Standard&Poor's Rating Services raised its corporate credit ratings to 'BB' from 'BB-' on global oil and gas seismic company Compagnie Générale de Geophysique - Veritas (CGG-Veritas). The outlook is stable. At the same time, the ratings on the unsecured high yield notes were raised to 'BB-' from 'B+'. The issue ratings on the $1.34 billion of senior secured credit facilities were raised to 'BB+' from 'BB-', while we revised our recovery rating on this debt to '2' from '3', indicating the expectation of substantial recovery (70%-90%) in the event of a payment default. The upgrade reflects CGG-Veritas' strong nine-month operating performance in 2007, together with increased visibility and confidence that 2008 should yield continuedFRA20438610101020 101010 1010 10Compagnie Generale de Geophysique - Veritas347292EUROMIDAFRGA@FPRESUPDGLOBISSCORPEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/619610spcred/619610normThe latest News from S&P12/13/2007 1:29:23 PMNews100global619610FranceOil & Gas Equipment & ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsEnergyNewsPARIS (Standard&Poor's) Dec. 13, 2007--Standard&Poor's Ratings Services said today that it has raised its corporate credit ratings to 'BB' from 'BB-' on global oil and gas seismic company Compagnie Générale de Geophysique - Veritas (CGG-Veritas). The outlook is stable. At the same time, the ratings on the unsecured high yield notes were raised to 'BB-' from 'B+'. The issue ratings on the $1.34 billion of senior secured credit facilities were raised to 'BB+' from 'BB-', while we revised our recovery rating on this debt to '2' from '3', indicating the expectation of substantial recovery (70%-90%) in the event of a payment default. "The upgrade reflects CGG-Veritas' strong nine-month operating performance in 2007 and favorable perspectives, togetherFRA20438610101020 101010 1010 10Compagnie Generale de Geophysique - Veritas347292EUROMIDAFRGA@FPNEWSGLOBISSCORPEnergyCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/595028spcred/595028normThe latest Summary from S&P8/7/2007 1:23:00 PMSummary175global595028FranceOil & Gas Equipment & ServicesEurope, Middle East, AfricaGlobal IssuersCorporationsEnergySummaryThe ratings on France-based Compagnie Générale de Géophysique - Veritas (CGGVeritas; previously Compagnie Générale de Géophysique; CGG) reflects its No. 1 position as a global oil and gas seismic service provider with a leading position both in seismic services and seismic-equipment manufacturing. The continued highly favorable near-term outlook for seismic services, evidenced by a strong backlog and record profitability are additional strengths. Offsetting these are the company's fairly high debt levels and limited free cash flow generation. In the longer term, the key risk factor remains the extreme cyclicality and competitiveness of the seismic industry, notably should margins decline post 2008 due to potential vessel overcapacity. The newly merged CGGVeritas is the world's largest seismic service provider, with 20 vesselsFRA20438610101020 101010 1010 10Compagnie Generale de Geophysique - Veritas347292EUROMIDAFRGA@FPSUMMARYGLOBISSCORPEnergyCredit & Investment ResearchS&P Credit Research