Pulse Seismic Inc. reported audited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported total revenue of CAD 23,560,000 compared to CAD 19,046,000 a year ago. Net earnings from continuing operations were CAD 9,830,000 or CAD 0.15 basic and diluted per share compared to CAD 4,548,000 or CAD 0.07 basic and diluted per share a year ago. Net earnings was CAD 9,830,000 or CAD 0.15 basic and diluted per share compared to CAD 4,021,000 or CAD 0.06 basic and diluted per share a year ago. Funds from operations were CAD 19,920,000 or CAD 0.30 basic and diluted per share compared to CAD 14,490,000 or CAD 0.22 basic and diluted per share a year ago. Cash EBITDA was CAD 9,717,000 compared to CAD 13,144,000 a year ago. Cash EBITDA basic and diluted per share were CAD 0.15 compared to CAD 0.20 a year ago. Total capital expenditure was CAD 16,174,000 compared to CAD 3,638,000 a year ago. Free cash flow was CAD 8,857,000 or CAD 0.13 basic and diluted per share compared to CAD 12,238,000 or CAD 0.18 basic and diluted per share a year ago. Seismic data library sales for the year ended December 31, 2011 were approximately CAD 36.2 million, an increase of 19% over the CAD 30.3 million in data library sales achieved for the year ended December 31, 2010. Total seismic revenue (including revenue from participation surveys) for the year ended December 31, 2011 was approximately CAD 51,474,000 compared to CAD 33,034,000 for the year ended December 31, 2010. Cash EBITDA for the year ended December 31, 2011 was approximately CAD 27,662,000 or CAD 0.41 per basic and diluted share, an increase of 28% over the CAD 21,687,000 or CAD 0.38 per basic and diluted share for the year ended December 31, 2010. Free cash flow was CAD 23,896,000 or CAD 0.36 per basic and diluted share, an increase of 22% over the CAD 19,585,000 or CAD 0.35 per basic and diluted share for the year ended December 31, 2010. Net earnings for the year ended December 31, 2011 were CAD 5.2 million or CAD 0.08 per basic and diluted share compared to a net loss of CAD 1.3 million or CAD 0.02 per basic and diluted share for the same period in 2010. Net earnings from continuing operations was CAD 5,203,000 or CAD 0.08 basic and diluted per share compared to net loss from continuing operations of CAD 745,000 or CAD 0.01 basic and diluted per share a year ago. Total capital expenditure was CAD 23,043,000 compared to CAD 80,425,000 a year ago. Funds from operations were CAD 39,386,000 or CAD 0.59 basic and diluted per share compared to CAD 22,670,000 or CAD 0.40 basic and diluted per share a year ago. The company declared quarterly dividend of CAD 0.0125 per common share and will be paid on April 11, 2012 to shareholders of record at the close of business on March 28, 2012. The company's goals for 2012 are to generate solid levels of seismic data library sales and participation survey revenue.