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Terrex hires Dave Stegemann, ex Geokinetics, as new CEO and invests in growth

Australia’s leading 3D Seismic subsurface imaging company Terrex Seismic is pleased to announce the
appointment of Dave Stegemann as its new CEO. Dave, along with selected senior management team members from Geokinetics Australia, will join Terrex’s existing market-leading professionals and operational team.

Dave Stegemann is a highly regarded industry leader with 25 years of experience in the global seismic
exploration industry, including five years as Managing Director of Geokinetics Australia before its
assets were recently acquired by US-based SAExploration.

The appointment of Dave Stegemann comes as Terrex prepares to launch a second seismic crew in
the coming months with a significant new investment into state-of-the-art autonomous SmartSolo
nodes.

Incumbent Terrex CEO Greg Dunlop will support the transition to the new leadership structure and
remain with Terrex in a senior non-executive role.
Greg Dunlop said the current circumstances presented a unique opportunity to secure sought after
industry expertise in Dave Stegemann and other key personnel at a time when the sector was
recovering and Terrex had exciting growth plans in place.

“To be able to secure someone of Dave’s calibre is a coup. I look forward to working closely with
Dave as we transition to a new leadership structure. I will stay with Terrex in a different capacity to
help oversee the company’s growth plans, particularly our continued investment in new nodal
technology which is delivering significant benefits for our customers,” Mr Dunlop said.

Incoming Terrex CEO Dave Stegemann said he was looking forward to the new role. “I’m very excited
to be joining such a progressive and truly Australasian focussed company as Terrex, at a time of
industry growth. I know and respect the team at Terrex and I’m confident we will complement what
already is a successful and strong team and culture,” Mr Stegemann said.

Terrex provides 2D and 3D seismic services to the oil and gas, coal, minerals and government
geoscience research sectors. Terrex has an established reputation as a technology focussed solutions
provider, evidenced by its recent investment in new SmartSolo autonomous nodal technology to
provide its customers with world’s best practice subsurface seismic imaging technology solutions
across the resources sector.
Terrex’s founder and Executive Director Steve Tobin said Mr Stegemann’s appointment was an
exciting development and was the result of a long recruitment process. “We are now well positioned
to continue to bring world class seismic solutions to meet our customers’ needs. We’re very pleased
to secure Dave and his team to support our continued growth alongside Terrex’s existing senior
leadership team,” Mr Tobin said.

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