Question-and-Answer Session
Operator
Thank you sir. (Operator Instructions). Our first question come from James West, go ahead sir.
James West
Hey good morning Bob and Brian.
Bob Peebler
Good morning.
Brian
Good morning
James West
On full-wave I saw you sold additional Scorpion, a full-wave Scorpion System during the quarter what do you think the market share is now for full-wave systems operating versus kind of 3D, 2D systems out there.
Bob Peebler
I think its still in the probably the five to six percent range something like that, we track that, we track that mainly tracking whether or full-wave surveys so we look at the total activity now, what’s happened is that the rate of increase of full-wave has been pretty significant but the whole markets has been expanding rapidly also and so its just like a dollar in, a dollar is being spent in Land Imaging, there has been a lot of room I mean its been a very small part of the total.
James West
Okay and is your market share still in the 80% range of equipment sold.
Bob Peebler
Yes.
James West
Okay, and if you look at the, this is the way I have been looking at the full-wave market, you sell a system or two into a certain region, I have issued some surveys and then drilled wells based on that and then it seems like the uptake release accelerates after that and I know Canada was a very successful market its now some 40% full-wave, its sounds like China is really accelerating right now, sort of those two regions what should be the focused on as the next market or the next regional play for full-wave, where do you think the acceleration will occur?
Bob Peebler
Well I think, as you think I am explaining see with the large number of digital systems that was sold at India they are only now you know pretty much completed the commissioning of those systems, they are not out on operation yet, so we are working very closely with ONGC in making sure that you know they get the value out of that so I think that going into it just started I mean they purchase the equipment but they haven’t really started collecting the data so that’s one that works about, we think that that market wont say start getting experience with it will grow. Also we have had several systems sold into Russia and so that one is interesting and I think you can also see, you can also see some interesting activity in the Middle East so those are all, its all the places where you have got complex land, complex land reservoirs.
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