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Pason Systems Inc(PSYTF)

Description: Pason Systems Inc. provides instrumentation data management systems for drilling rigs worldwide. The company offers Electronic AutoDriller, which maximizes the rate of penetration by monitoring multiple drilling parameters; Electronic Choke Actuator that provides a means of remotely controlling the choke valve; and Electronic Drilling Recorder. It also provides Enhanced Pit Volume Totalizer, a well control system; Gas Analyzer to detect the changes in relative volumes of hydrocarbon gases; Hazardous Gas Alarm System, which detects the presence of combustible gases and provides visible and audible alerts; Pit Volume Totalizer, a control system; Rig Communications that provides remote data communications for drillers; Rig Display, a touch screen computer to access services and applications on and around the rig floor; and SideKick, a rig floor computer that allows for data entry and displays information around the rig. In addition, the company offers abbl Directional Express that allows operations engineers to manage deliverables on multiple wells; DataHub, a Web application that collects, stores, and displays drilling data, reports, and real-time information for remote access; Directional System, an application that enables directional drillers to monitor and manage multiple wells; and Drilling Guidance System that offers real-time guidance. Further, it provides Live Rig View, which displays real-time drilling data; Live Rig View Mobile application that delivers real-time drilling data; Tour Sheet Analytics, which delivers insight into the data; and WellView Field Solution, a corporate well file to drill and follow through to the well completion, as well as offers discovery software. The company has a strategic alliance with Total Energy Services Inc. to develop and deploy drilling automation and optimization technologies. The company was founded in 1978 and is headquartered in Calgary, Canada.


Keywords: Petroleum Production Geotechnical Engineering Drilling Rig Data Communications Petroleum Engineering Web Application Directional Drilling Han Dynasty Choke Data Management Systems Web App Hoke Optimization Technologies

Home Page: www.pason.com

6130 Third Street SE
Calgary, AB T2H 1K4
Canada
Phone: 403 301 3400


Officers

Name Title
Mr. Jon Faber C.F.A., CPA, CBV, CFA Pres, CEO & Non-Independent Director
Ms. Celine Boston Chief Financial Officer
Mr. Bryce McLean VP of Operations
Mr. Lars Olesen VP of Product & Technology
Ms. Natalie Fenez VP of Legal & Corp. Sec.
Ms. Heather Hantos VP of HR
Mr. Timur Kuru Pres & GM of United States
Mr. Reid Cameron Wuntke Pres of Energy Toolbase Software, Inc.
Mr. Ben Thomas Director of Support Services - United States Bus. Unit

Exchange: PINK

Country: US

Currency: US Dollar ($)

GIC Sector: Energy
GIC Group: Energy
GIC Industry: Energy Equipment & Services
GIC Sub-Industry: Oil & Gas Equipment & Services
Forward PE: 10.627
Trailing PE: 16.7703
Price-to-Book MRQ: 3.4614
Price-to-Sales TTM: 3.1667
IPO Date:
Fiscal Year End: December
Full Time Employees: 0
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