(PERTH, Australia: Nov. 26, 2007) Paradigm (http://www.pdgm.com/), a leading provider of enterprise software solutions to the global oil and natural gas exploration and production (E&P) industry, has donated USD $1 million in Paradigm software to the Australian School of Petroleum at the University of Adelaide.

The donation includes 10 Paradigm software solution applications that provide students with leading consumer E&P subsurface imaging technology. The intent of this donation is to equip tomorrow’s industry leaders with cutting-edge geosciences technology and to support students as they pursue careers in this field.  

“The Australian School of Petroleum is a premiere school for geosciences, and Paradigm wanted to directly engage future experts by introducing them to the newest technology,” said Andrew Stein, Paradigm’s chief marketing officer. “Geophysics students are the future leaders of many applied geoengineering industries, particularly global oil and gas exploration. We want to contribute to their success in science and business as they confront the unique challenges of this field.”

“The software donated by Paradigm will give our students and staff access to a suite of state-of-the-art geoscience applications for teaching and research,” said Professor Richard Hillis, head of the Australian School of Petroleum. “The School’s research capacity will be enhanced, and our students will gain experience with industry-leading software, which they will likely use in their careers after graduation.”

About Paradigm™
Paradigm Geophysical Pty Ltd. (http://www.pdgm.com), a leader in the digital subsurface asset management industry, helps global oil and gas companies locate new reserves and optimize production in complex geological areas. Paradigm’s technology advances the science of hydrocarbon detection with solutions in seismic data processing and subsurface imaging, prospect interpretation and modeling, reservoir characterization, and well planning and drilling. These exploration and production solutions operate in an open environment with connectivity to third-party data stores to accelerate project creation and turnaround. Paradigm has a global network of sales, services and user support, serving major oil and gas producing regions around the world. For additional information visit Paradigm’s website at http://www.pdgm.com/.

The following are trademarks or registered trademarks of Paradigm B.V. or of its affiliates (collectively, “Paradigm”): Paradigm™, Paradigm logo and/or other Paradigm products referenced herein. All other trademarks are owned by their respective owners.

About the Australian School of Petroleum
The Australian School of Petroleum (www.asp.adelaide.edu.au) at the University of Adelaide is Australia's pre-eminent centre for education, training and research in petroleum geoscience, engineering and management. The School brings together all the disciplines in the upstream petroleum industry, a structure unique in Australia and Southeast Asia. This structure ensures a focus on the practical needs of the international petroleum industry through the close integration of geoscience, engineering and management in both education and research.

The ASP is now the largest petroleum-focused university program in the Southern Hemisphere, with about 30 full-time staff, 100 undergraduate students and more than 50 postgraduate students. It is one of only a few institutions in the world offering fully integrated teaching and research programs covering petroleum geoscience, engineering and management. Its mission is to provide high-quality training for undergraduate and postgraduate students, and to perform applied research, with the overall aim of understanding and reducing risk for the petroleum industry.

Forward-Looking Statements
Some of the statements in this press release may constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of our control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Because actual results could differ materially from our intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this press release with caution. Paradigm does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.