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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Rock Solid | RSI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
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|---|---|---|---|---|
| 0.00 | 0.00% | 0.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.50 | 0.50 |
| Top Posts |
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Posted at 26/11/2014 06:59 by multibagger Hi RBonnier ! Companies like THAL that were doing well are missing their targets due to softening oil price and more specifically in THALs case exposure to Russia.RSI isn't going to be immune to oil price weakeness. I gather short term RSI has to refinance over $8m + interest...so that is keeping the Board busy. Contracts with NOCs appear to be going well, but sales cycles and revenue take an age to materialise apparently..... Anyway, all this is really academic, isn't it ? |
Posted at 19/11/2014 07:11 by multibagger Hi RBonnier !In my last email exchange with Bob Auckland in Feb 2014 (I have emailed him again a few days ago on the back of these announcements) he felt that a re-listing was unlikely - this may have changed since then. There seem to be some chunky contracts to hand that Bob said that once you get in with the NOCs they tend to send more work your way....so multiyear contracts with cross selling is a real potential. If I were the major backer, I would want my money back and more for the opportunity costs I have endured. Therefore, a couple of years of profitability, a dividend to soften up the market and then see if I could flog it...it is a niche area, I imagine, so from a technical side maybe of interest to bigger players. Anyway we are locked in effectively, so we may have to stay put for another 2-4 years and see if the financial figures improve - that will be the key to the company becoming saleable. I look forward to what Bob has to say - he usually gets back in about 7-10 days. Good luck....but I am not holding my breath ! On the other hand, I'm doing rather well with my chunky stake in CTP....you may want to take a look :) |
Posted at 14/11/2014 17:01 by multibagger 22 September 2014HOUSTON, TX Rock Solid Images plc RSI announces successful application of rock physics technology for OMV Norge in the Barents Sea Under contract and in close collaboration with OMV Norge AS, RSI has been developing tailored workflows for lithology and fluid prediction. These are based on integration of seismic, well and CSEM data with geology and have been applied in pre-drill analyses in the Barents Sea. For the recent OMV operated Hanssen well fluid type was accurately predicted and column height and fluid contact were within 5%. Stated Reijo Kangas, OMV Norge Exploration Manager: “OMV Norge are pleased with the results from the RSI collaboration and continue to apply RSI’s unique expertise and technology for integration of rock-physics, seismic reservoir characterization and CSEM to Barents Sea targets.” Stated Dr. Lucy MacGregor, CTO of RSI: “These projects demonstrated the power of integrating multiple geophysical data within a rock physics framework. Ambiguities present in the interpretation of each of the technologies when applied separately were resolved using RSI’s proprietary WISE® |
Posted at 14/11/2014 16:56 by multibagger 10 November 2014HOUSTON, TX Rock Solid Images plc RSI announces award of a three year Quantitative Geophysics Frame Agreement by GDF Suez Norge RSI announced today that it has been chosen to provide quantitative geophysical services to GDF Suez Norge through a three year frame agreement, with an estimated value of $2mUSD. The scope of the services covers Geophysical Well Log Analysis, Rock Physics, Seismic Reservoir Characterization and Electromagnetic Inversion and Integration. Stated Gareth Taylor, President of RSI: “We are delighted that RSI has been chosen to support GDF Suez’s exploration programme in Norway. With our unique and expansive rock physics experience across the Norwegian Continental Shelf, and our ongoing successes of integrated geophysics projects in the Barents Sea, utilizing our proprietary WISE (Well driven Integration of Seismic and EM) workflows, we aim to become a valuable partner to GDF Suez”. CONTACT: Rock Solid Images plc +1 713 783 5593 Gareth Taylor - President Lucy MacGregor – Chief Technology Officer Bob Auckland – Chief Financial Officer +44 (0)7919 490 911 |
Posted at 14/11/2014 16:55 by multibagger 20 October 2014HOUSTON, TX Rock Solid Images plc RSI Announces Award of Seismic Reservoir Characterization Project RSI announced today that it has been chosen to provide rock-physics driven inversion and interpretation services to a Latin-American NOC over one of their northern Caribbean offshore assets. The contract has a value in excess of $2 million; work will commence immediately and will complete in the first half of 2015. Stated Gareth Taylor, President of RSI: “We are delighted that RSI has been chosen for this important project in this prospective new area. The project calls for close integration of a variety of data-sets, including seismic, log data and core information.” CONTACT: Rock Solid Images plc +1 713 783 5593 Gareth Taylor - President Lucy MacGregor – Chief Technology Officer Bob Auckland – Chief Financial Officer +44 (0)7919 490 911 ABOUT RSI: RSI is an independent geoscience consulting firm offering quantitative reservoir characterization with the goal of reducing exploration drilling risk and optimizing reservoir appraisal and development plans. The Company is an industry leader in the interpretation and integration of seismic data with well log, CSEM and MT data, and uses advanced rock physics methods combined with sophisticated geologic models to deliver robust and reliable predictions of reservoir geometries and properties to our customers. www.rocksolidimages. |
Posted at 03/8/2014 18:04 by mr macgregor RSIs response to Thalassa's offer on 2nd April 2012"There have been no substantive discussions between the companies, and the Board of RSI is concerned that Thalassa has provided no evidence that they will bring any added economic or industrial assistance to the business in the next phase of the Company's development." Since then Thalassa ten bagged while this was the worst dog with fleas ever seen. Your board has really been looking after you lol. |
Posted at 23/10/2013 17:36 by multibagger PRESS RELEASE21 October 2013 HOUSTON, TX Rock Solid Images plc RSI signs Alliance with Share Oil & Services Consulting Group of Mexico RSI is pleased to announce the signing of an alliance with Share Oil & Services Consulting Group of Mexico. The contract is for the provision of services to the Mexican oil industry in the areas of specialized geoscience consulting, quantitative reservoir characterization, interpretation, visualization and integration of wells, seismic and other oilfield data with the goal of reducing exploration drilling risk and optimizing reservoir appraisal and development plans. RSI COO Jim Martin stated: "RSI is pleased to have signed this agreement with Share Oil & Services Consulting, a highly regarded and established company who provide excellent technology services in Mexico. The contract provides a multi-year platform to enable provision of integrated projects to the oil industry in Mexico. This contract will further RSI's position in Mexico by providing our services into an extended customer base." Jim further commented: "Together with Share Oil & Services, we have already identified projects where we can collaborate, particularly on those involving the interpretation, visualization and integration of well and available oilfield data." Share Oil CEO Jaime Gallegos added: "We are extremely pleased to sign this agreement with RSI. Our combined resources will be used to improve the business lines in Mexico for both companies. The relationship will also provide the companies with additional marketing exposure and business opportunities." |
Posted at 22/9/2013 06:01 by multibagger I am beginning to toy with the idea that RSI may be re-listed sometime in the future, once the company is clearly back into profitability, having good revenue visibility/ order backlogs and may have even paid a maiden dividend. This would "soften" up the market as would be attractiveness of the share vis-a-vis the likes of THAL and GTC from a valuation point of view. I hope my other seismic imaging play VIY comes good by then as well....waiting forever it feels like.The sectoral valuations of the likes of THAL and GTC, compared to RSI would be attractive to investors. This period of de-listing though painful and frustrating as we have effectively been locked in, has been important to allow the company to focus on re-inventing their product offer and approach without being under the spotlight of relentless share price drift. The company seems energised and gaining rapid traction. Our backers (Sector, East Hill) will be wanting to take profits, I imagine, after a decade of pumping funds into the company and keeping it afloat. Dividends though sweet, won't be enough ROI. Hence, my view that they will get RSI to re-list, sell off part of their stake for a tidy profit. The alternative would be for the company to be put on the market to be bought by one of the bigger E&P outfits / Private Equity. Both scenarios are becoming increasingly possible given the recent recruitment activity and major deal with Pemex. I am fairly confident that we will soon have another major deal(s) announced with another NOC / SM - could be the likes of a BP, Statoil and/or a Chinese NOC. May be actually time to be buying some shares in RSI....I never thought that I would be saying that ever ! |
Posted at 31/5/2013 06:44 by multibagger RSI presenting at conference....from the company websiteRSI @ EAGE 2013 RSI is an independent geoscience consulting firm, offering quantitative reservoir characterization services grounded in rock physics to reduce risk and optimize drilling plans. As an industry leader in the integration and interpretation of geophysical and well data from log analysis to inversion to volumetrics, we deliver robust predictions of reservoir geometries and properties to our customers, providing them with the information they need to make sound business decisions. We welcome you to stop by our booth, #716 , to learn about advances we have made in statistical Rock Physics, the Electrical Resistivity Anisotropy Barents Sea consortium, and our coming Rock Solid Attributes plug-in for Petrel®, or to discuss a specific technical challenge you might be facing. We will also deliver presentations at the times listed below. 2013 EAGE Presentation Schedule Tuesday, Wednesday and Thursday 10:00 Rock Solid Attributes for Petrel® 11:00 Advancing Statistical Rock Physics Capabilities for Lithofacies Prediction 13:00 A Blind Test of CSEM Workflows Using the SEAM Model RSI's Technology Our approach to technology development and application is grounded by what our customers need: sound information. By properly integrating all available data, and leveraging different data types to get the most out of others, we produce robust geophysical and geological results. The diagram below illustrates how we use geophysical and petrophysical data to drive our analysis, which uses a foundation in rock physics. Global Experience RSI provides quantitative seismic reservoir characterization services to a global client base using proprietary technologies as well as best-in-class third-party commercial software. Our goal is to optimize drilling strategies, well placement and completions designs, and reduce uncertainty and risk. Since 1998, RSI has conducted a wide array of reservoir characterization projects providing our clients with the data and information they need to make sound business decisions. 250+ clients 35+ countries 3,200+ wells analyzed 200,000+ km2 seismic conditioned, inverted, and interpreted 110+ CSEM surveys inverted and interpreted Technical Program Schedule Date Time Title Location Tuesday, June 11 11:20 AM Advancing Statistical Rock Physics Capabilities for Lithofacies Prediction Michelle Ellis*, Yijie Zhou (Texas A&M University) and Zakir Hossain Room 1 Thursday, June 13 8:55 AM A Blind Test of CSEM Workflows Using the SEAM Model Jack Stalnaker*, Hung-Wen Tseng*, David Andréis (now at WesternGeco), Lucy MacGregor and Rolf V. Ackermann Poster Box 7 |
Posted at 27/2/2013 15:46 by multibagger Edited: FAO DerekHalesGoing back to 02 Apr 2012, THAL did make an offer to RSI holders and I recall them offering something like 1 share of THAL for 43 shares of RSI or an alternative of 0.48p per share of RSI. THAL had already raised a declarable stake in RSI by then. The offer was put forward to holders of RSI with a caveat that a certain proportion had to accept the offer, for THAL to honour it. Holders of RSI (me included and that offer was dead in the water). In hindsight, it may have been a great exit from an under performing share ! This is a link to that announcement: RSI holders are locked in with unlisted shares and a third party share dealing (BritDaq) arrangement for a year - no clarity after that. Feb 28 is historically the day, when results are out for RSI, but I guess it won't be for public consumption this time as it is no longer listed. I won't be surprised if timelines slip.....not holding my breath with RSI :) |
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