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Geomodeling to Make Product Announcement at SEG 2005 in Houston

October 24, 2005

Industry's Key Event Will Play Host to Software Announcement

(Calgary, Canada) Geomodeling Technology Corp., a leading innovator in geoscience software for the oil and gas industry, today announced that the company will make a product announcement at the SEG International Exposition and Seventy-Fifth Annual Meeting in Houston, Texas, November 6-11, 2005 at the George R. Brown Convention Center.

At SEG 2005, Geomodeling will be at Booth #2225, and will include Dr. Renjun Wen, President and CEO and Mr. Murray Christie, COO as part of the Geomodeling team on hand for the show. Geomodeling has a host of activities planned for the show including live software demonstrations and a Top Gun contest enabling the show visitors to try their hand at the software, and a presentation theatre, including the following presentations:

• Workflows highlighting Geomodeling's next generation cross-plotting tool-kit in VisualVoxAt.
• Identifying and optimizing drilling locations with thin bed pay or multiple pay zones.
• Reservoir Delineation using advanced Facies Techniques
• Case Study: Visualization of Braided Channel Sands using Geotrace's High Frequency Imaging and Geomodeling's VisualVoxAt Software
• Collapsing the Time Line: The Value of VisualVoxAt
• VisualVoxAt: Software Tools for Enhancing Productivity and Prospect Generation
• SEG draws attendees from its membership of 21,000 from more than 85 countries each year, including nearly 300 exhibitors.
"SEG 2005 is a great place to highlight our software to a talented and targeted group of industry professionals," says Renjun Wen. "We are looking forward to sharing our latest software advancements to the SEG community and demonstrate our commitment to innovation."

All interested parties are encouraged to visit Geomodeling's booth, located at booth number 2225. Individual meetings can be set up during the show by contacting the numbers listed below or by visiting Geomodeling's website at www.geomodeling.com

About Geomodeling
Geomodeling Technology Corp. is the leading innovator in geoscience software for the oil and gas industry. Geomodeling enables petroleum companies to maximize revenue and reduce costs with software solutions for improved reservoir characterization and recovery. Founded in 1996, Geomodeling has offices and resource centers in Canada, China, Mexico, Norway, United Kingdom and USA. Find us on the web at www.geomodeling.com