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Runge teams up with Geological Solutions

Friday, September 11th, 2009

Leading mining technology services company, Runge Limited (Runge), announce it has formalised a heads of agreement with Geological Solutions, a premier provider of field geological and supervisory services to the mining industry. Under the terms of the agreement, Geological Solutions will be Runge’s prime sub contractor. This means Runge (together with its wholly owned subsidiary GeoGas Pty Ltd) and Geological Solutions can, for the first time in the industry, provide an end-to-end continuum of services to the coal seam gas and mining industries. This agreement will cover field and rig management incorporating gas services through to laboratory testing, reservoir modeling and resource and reserves certification.
Tony Kinnane, Managing Director of Runge, said: “Runge was looking to partner with an energetic and dynamic group with a good reputation for the provision of field services. Geological Solutions provides this and is a good fit for our business as its high quality personnel are well known to us through the interaction we have had in providing training to this group. Through a collective industry knowledge, technical skills and experience coupled with Runge’s technology and commercial capability, we are extremely well positioned to work together with customers to add maximum value to their business.
“The coal seam gas industry is growing rapidly and is fast becoming a significant provider of base load energy requirements around the world. Our acquisition of GeoGAS Pty Ltd provided a unique ability to augment Runge’s underground and open cut mining planning services and now this agreement makes us an industry leader in the provision of a full suite of technical services to our customers in the coal seam gas industry.”
Bradley Crighton, Managing Director of Geological Solutions, said: “Increasingly many coal seam gas operators are seeking a more complete range of technical services to reduce their internal efforts and resources required to manage exploration, testing, modeling and advisory services required to develop a gas production facility. Combining the field geological and rig supervisory skills of Geological Solutions with the laboratory gas testing and reservoir modeling skills of Runge provides the industry with a single “one stop shop” high quality solution”.
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