diff --git a/README.rst b/README.rst
index 76f59ca..fe05f9f 100644
--- a/README.rst
+++ b/README.rst
@@ -3,16 +3,23 @@ Segpy
 =====
 
 The SEG Y file format is one of several standards developed by the Society of Exploration Geophysicists for storing
-geophysical seismic data. Segpy is a package for reading, writing and manipulating SEG Y data in pure Python.
+geophysical seismic data. It is an open standard, and is controlled by the SEG Technical Standards Committee, a
+non-profit organization.
+
+This project aims to implement an open SEG Y module in Python for transporting seismic data between SEG Y files and
+Numpy arrays. Segpy is a package for reading, writing and manipulating SEG Y data in pure Python.
 
 History
 =======
 
-Segpy is a fork of the Segypy package originally put together by Thomas Mejer Hansen under an LGPL license. I was
-unsuccessful in my attempts to contact Hansen in order to contribute improvements, hence the fork under a different name, which of course
-remains under the LGPL license.
+Segpy is a fork of a seemingly abandoned Python SEG Y reader called `SegyPY <http://segymat.sourceforge.net/segypy/>`_
+which was last updated in 2005. I couldn't get a response from the original author of SegyPY and since it the code was
+under an LGPL license I took the decision in 2011 to fork and run a new project on Google Code, under a the name of
+*Segpy* avoid confusion. In July 2014 the project was again migrated from a now defunct Mercural repository on Google
+Code to this Git repository on GitHub.
 
-I have cleaned up the code towards being modern, idiomatic Python and made it compatible with Python 2 and Python 3.
+The aim of the revived project is to fix serious problems with the code base in the area of correctness and
+performance, but also to update it to work with contemporary Python environments including Python 2.7 and Python 3.
 
 **Pull requests, bug reports and suggestions for improvements are most welcome!**