Sondex Files Formal Offer for Innicor Subsurface Technologies

Sondex has filed a formal offer to acquire all of the common shares of Innicor Subsurface Technologies Inc. with the securities regulatory authorities in Canada and has mailed the Offer and circular dated October 11, 2006 to the shareholders of Innicor.

The Offer is being made by Sondex Completion Systems Inc., a wholly owned subsidiary of Sondex, and will remain open until 3:00 p.m. (Calgary, Alberta time) on November 16, 2006, unless the Offer is withdrawn or extended by the Offeror. Under the terms of the Offer, each Innicor Shareholder will receive $3.75 cash for each Common Share.