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The Case: Hashim and Pedro are two friends who met each other at SAIT when they enrolled into the Pe Engineering Diploma program three years

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The Case: Hashim and Pedro are two friends who met each other at SAIT when they enrolled into the Pe Engineering Diploma program three years ago. Both of them have experience in the Energy in Hashim had worked for an international major oil and gas company in the Middle East as a dril engineer for several years. Pedro is a geologist and had worked for the state-owned Oil and G Exploration and Production Company of Venezuela. Both of them immigrated to Calgary about four years ago and got connected into the Calgary through Immigrant Services Calgary. They are working part-time as contractors in the North Ar Shale Oil drilling industry. Hashim has extensive knowledge in drilling oil wells. He came up wi of a drill head technology that would collect real-time seismic data and transmit that data inst the experts on the site, who would then decode that data and direct the drilling trajectories a This directional drilling technology would help save both time and money. Hashim shared his Pedro, who is an expert in analyzing seismic data and reservoir properties. After several hours discussion, they decided to take this idea to the next level. The two friends met with their lawyer and incorporated a private company, Alberta Drill Corp Initial share structure of the company consists of 100 shares - 50 shares for Hashim and 50 she Pedro. They each invested $5,000 of their own savings, this was the initial cash contribution fo Drill Corp. With the help of a $25,000 Government grant obtained by SAIT's - ARIS research program, the conducted some proof of concept studies. The results of those studies were very encouraging want to take this technology from proof of concept to commercialization. Based on their initia this technology would be a good fit for tight oil formation in the Bakken area in North Dakota. already talked to a couple of Oil and Gas companies that are operating in that area, and agree this technology in the field

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