Rock Solid Share Discussion Threads

[multibagger] 31/7/2012 06:55

RSI (Dr Lucy MacGregor) presenting at SEG is Australia:


In association with Australian Society of Exploration Geophysicists, RSI invites you to attend one of the upcoming SEG Honorary Lecture dates in Australia presented by our CTO, Dr. Lucy MacGregor. We think you will find the lecture "Integrating well log, seismic, and CSEM data for reservoir characterization" informative and relevant to Australia and the region. Please use the links below or contact us if you have any questions about the events or RSI.

Perth
July 30 @ 17:30
City West Function Centre, 45 Plaistowe Mews
Adelaide
July 31 @ 17:30
Coopers Alehouse, Thomas Cooper room
Melbourne
August 2 @ 18:00
The Kelvin Club, Melbourne Place, Melbourne
Canberra
August 3 @ 12:00
Sir Harold Raggatt Theatre, Geoscience Australia
Brisbane
August 7 @ 17:30
Metropoliton Motor Inn, 106 Leichhardt St, Spring Hill
Dr. MacGregor will also providing a session keynote at the IGC on August 9 at 14:30, Arbour Meeting Room 2.

Abstract: Integrating well log, seismic, and CSEM data for reservoir characterization
Well logs provide a high-resolution measurement of the properties of a reservoir and the surrounding strata; however, properties can only be determined in a small area local to the well. Often measurements of reservoir properties across the extent of a field are desirable for reservoir management or production optimization. Remote geophysical measurements are therefore required. Seismic data are most commonly used for this purpose; however, in recent years CSEM methods, which measure the resistivity structure of the seafloor, have also been widely applied.

CSEM use a high-powered source to transmit low-frequency signals through the Earth to an array of receivers. By interpreting the received signals using forward modeling and inversion approaches, the resistivity structure of the seafloor can be determined. Resistivity well logs often show that commercial hydrocarbon deposits may be many times more resistive than surrounding lithologies. In principle, such variations should be readily detected using CSEM tools. In contrast, seismic data are sensitive to boundaries between lithologic units but are often less sensitive to fluid changes within these units. Given high-quality seismic and well data and sophisticated seismic inversion and rock physics tools, we can sometimes relate seismic changes to saturation effects. Nevertheless, the change in resistivity caused by variations in saturation should be much easier to detect.

However, despite the sensitivity of resistivity data for determination of saturation, there are two inherent challenges to interpreting CSEM data. First, the structural resolution of CSEM data is poor. Second, the cause of resistivity anomalies (particularly high-resistivity features) cannot be uniquely linked to the presence of hydrocarbons in the subsurface when taken in isolation. In many situations, these are equally likely to be caused by other high-resistivity material (for example, tight carbonates, salt, or volcanics). These limitations can be mitigated using an integrated approach to geophysical interpretation. Seismic information can outline the reservoir structure (but potentially not its content or extent), and we have independent constraints on the surrounding strata within which it is embedded. This is therefore a constrained interpretation problem and one that the CSEM data are in a much better position to answer.

About RSI:

RSI is fully independent of any CSEM acquisition company and are uniquely positioned to offer you a truly independent view each of the key issues involved in successfully acquiring, processing and integrating results of an EM survey. Our expertise in conventional well and seismic reservoir characterization studies enables RSI to maximize the impact of CSEM by developing a robust rock physics framework in which to plan and interpret CSEM surveys. RSI can provide you with a full integration workflow or just components of it, including:

Pre-survey feasibility modeling - based on input from detailed rock physics modeling studies
Survey design
Survey data QC
Data Processing (and re-processing of legacy data)
Electromagnetic data inversion incorporating constraints from well and seismic data
Integrated interpretation of the EM, seismic and well data to better understand potential reservoir charge

RSI has extensive experience in the region conducting rock physics studies, traditional seismic reservoir characterization studies, and Well driven Integration of Seismic and EM (WISE™) projects. Contact us to see how RSI can help you get more from your data.

[multibagger] 25/7/2012 22:11

PRESS RELEASE
25 July 2012
HOUSTON, TX
Rock Solid Images plc
Barents Sea and Mid-Norway Regional Rock Physics Atlases.
RSI recently completed several late sales of its 79-well Barents Sea Rock Physics Study and Atlas of Seismic Expression; in total 17 companies have now licensed this product. The Company also delivered the first edition of its companion 61-well Mid-Norway Rock Physics Study to the underwriters. The total value of the Barents Sea late sales and Mid-Norway exceeds $900,000.
RSI CEO Richard Cooper stated, "It is clear that the recent high impact discoveries made by Statoil and partners at Skrugard and Havis have reinvigorated interest in the Barents Sea. With more than 70 blocks available as part of the 22nd licensing round in the Barents Sea, we are delighted that many E&P companies view our comprehensive rock physics study as a key tool for assessing the prospectivity of the region. In addition, significant interest has been shown in our recent proposal to launch a research project that investigates the causes and effects of electrical anisotropy and its impact on controlled source electromagnetic (CSEM) data. "
Gareth Taylor, RSI President, further commented: "We have concluded our 61-well Mid-Norway Study on schedule. This study focused, in the first phase, on the relatively new play types being explored in the Cretaceous Springar, Nise, Lysing and Lange formations. Given similar levels of support we expect to launch a second phase that will be targeted toward an understanding of the seismic signature of reservoir properties in the more conventional plays in the Jurassic section."

[rbonnier] 03/7/2012 13:00

345654 3 Jul'12 - 11:24 - 1177 of 1177
"what they did with this basket case stock was disgusting."

And you are actively buying stock in THAL that are a 4.1% shareholder in RSI and are actively increasing their holding when they can.

LOL

[mr macgregor] 08/6/2012 17:41

Robert Ian Auckland, Chief Financial Officer RSI

Bob has extensive experience in financial and general management with a proven track record of integrating acquisitions, balance sheet management and building value for shareholders.

[rbonnier] 28/5/2012 12:55

Now that the THAL offer is dead in the water so is everyone elses money whos left in by the looks of it, complete disaster stock .

[christianf12] 24/5/2012 12:41

They spent that money already?

[ianbrewster] 24/5/2012 12:38

from BritDAQ

The board of RSI notes today's announcement that the Partial Offer by Thalassa Holdings Limited has lapsed and reminds shareholders who had accepted Thalassa'a offer and who still wish to dispose of their shares in RSI, that the Company has appointed BritDAQ to provide a share matching facility.

The board of RSI also notes that further to its announcement on 5 April 2012 it has increased its Credit Facility from $1.0 million to $1.2 million. The Credit Facility, which is secured, is provided by affiliates of its two largest shareholders, East Hill Venture Fund LLP ('East Hill') and Euro Trans Skips AS ("EuroTrans").

[multibagger] 10/5/2012 06:38

RSI Board response to Thalassa offer to share holders:

[multibagger] 19/4/2012 06:24

From the BritDAQ website:

PRESS RELEASE

18th April 2012

Houston

RSI (Rock Solid Images plc)

Board changes
On 13th April 2012 the Company announced that the listing of its ordinary shares on AIM had been cancelled. RSI is moving forward as an unlisted entity and as such a new Board structure is being put in place to oversee the Company's development and corporate governance obligations.

Peter Reilly will step down as non-executive Chairman and Richard Cooper, will succeed Peter and will assume the role of executive Chairman along with his existing role of Chief Executive Officer with immediate effect. Peter, who resigns as a director immediately, will remain available to the Company for a period of time to provide advice should it be required.

At the same time Alan Faichney will step down as a non-executive director.

Richard Cooper, Chief Executive Officer of RSI commented:

"We'd like to thank Peter for his support and advice over the last 18 months, as Chairman of the Company since November 2010. We'd also like to thank Alan for his contribution as a non-executive director over the three years since his appointment in April 2009. The Board and management have benefitted from the great experience and wise counsel of both Peter and Alan. On behalf of the Board I would like to express my thanks to them both for their valuable contributions and wish them well in the future."

CONTACT:

Richard Cooper – Chief Executive Officer [phone]

Bob Auckland – Chief Financial Officer [phone]
www.rocksolidimages.com

[tara7] 13/4/2012 18:14

Now the other side of that coin is the investor who sold that stock. No doubt it gave him an exit [that without the buy he would not have.!!].

You would be better off staying at home with mummy.!!

[hatetrader2] 13/4/2012 17:35

Great answer tara !

As always you have not a clue and always avoid answering questions about fundamentals.

Should we thank those that paid 1.5p last week who have lost a lot of
money because of none stop ramping from pump and dumpers like you and topinfo ?

[tara7] 13/4/2012 16:41

Some of us made money buying cheap here, thus it proves my point.!!

Like i said thanks for scaring others away.!!

[hatetrader2] 13/4/2012 16:36

Tara

Are you for real, how do you find out what debt or cash a company has then, just ignore it and pump away then ?

Accounts tell you in Rsi case the administration costs were substantially higher
than the operating profits hence they were burning cash fast hence they were going
bust hence the price would collapse, and it did, at what point do you get it through your arrogant thick skull ?????

[tara7] 13/4/2012 16:33

Nor can you learn that after a company is down 99% from its high buyers come in based on what it might do NOT what it has done.!!

In one way its good you do post cos you just might help bring the price down of stocks so i and others can buy even cheaper.!!

[hatetrader2] 13/4/2012 16:14

"old accounts"

Well i cannot read accounts from the future can i tara you berk !

[mr macgregor] 13/4/2012 16:13

RSI. You were brought to market as Offshore Hydrocarbon Mapping by a company called IP2IPO (Intellectual Property to Initial Public Offering). Sounded very grand but you only licenced your intellectual property from the University of Southampton. Oh dear, it turned out it wasn't theirs to licence. The patent was removed from them and given to the Norwegians. It was decided the original idea for using CSEM in the discovery of hydrocarbons was theirs. Your leading lights had been using electromagnetics to study plate tectonics in the mid-Atlantic ridge. Fascinating.
Perhaps the standout farcical moment among many was your work on the Ernest prospect for your ex-chairman's company. A beautiful egg shaped thing. More duck than faberge, but it looked nice. Sealion did the business without your assistance.
Adios as you slope off after a very good kicking.

[tara7] 13/4/2012 12:39

Hatetrader2, we should also bring in a law to stop fools like you trading tiny low cap AIM stocks and trying to prevent others from making enough money from say 10k to retire on.!!

You keep looking at old accounts.!!!!

LOL.!!!!

[rbonnier] 13/4/2012 12:27

Howl Outloud !

[hatetrader2] 13/4/2012 10:43

It is indeed laughable, there should be laws brought in stopping idiots like
tara and topinfo posting pretending they have a clue about accounts.

[tara7] 12/4/2012 15:31

Hatetrader2 unlike you i wish you the very best with your winners.!!

Might like to find a stock that i also bought at 2p went on to hit a quid 40p.!!

Or another that did 4p to £9.50p.!!

Thats why looking at old accounts of bombed out companies is for fools.!!