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Resource Round-up: ViaLogy, Berkeley Mineral Resources, Nostra Terra

Mon, 16th Apr 2012 08:48

Shares in oil exploration technology firm ViaLogy leapt in early trading on Monday after the firm said one of the early adopters of its technology, Atascosa Exploration had successfully drilled another oil well in Texas using analysis provided by ViaLogy products. The latest success is the third commercially successful well Atascosa has drilled in the area using the new technology's recommended co-ordinates. Under its contract with Atascosa, ViaLogy will receive a 5 per cent Back-In-After-Payout (BIAPO) working interest. This means that the royalty will be paid on the net amount after drilling and production expenses have been covered. "We have made good progress in our discussions on new commercial services contracts for QuantumRD with [oil and gas] majors and should be able soon to comment publicly," said Robert Dean, the Chief Executive Officer of ViaLogy. It was also a good day for investors in Berkeley Mineral Resources, the Zambia-focused minerals company. Shares rose in the aftermath of the publication of initial results of metallurgical processing tests at its Kabwe Mine. The estimates of 708,229 tonnes of contained lead and zinc metal, before processing, would have a value at today's LME spot market prices of approximately $1.4bn, the firm said.News of accelerated drilling plans buoyed Nostra Terra Oil and Gas on Monday morning. The firm said a new back-to-back well drilling programme at its 30%-owned Bale Creek Prospect in Oklahoma would save money and should facilitate much quicker production. North River Resources said it would soon begin engineering design work at its Namib Lead Zinc Mine in Namibia after pumping 14.3m litres of water out of the site. This achievement would give it access to the lower levels of the mine, it said. As the water receded a number of samples were retrieved from newly exposed mining areas. The results from indicative testing on these had been "outstanding with high recoveries, fast float times and achieving a 56% zinc concentrate", the company said. Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, announced that tests on its Uytas Field had confirmed that it the field is larger than previously thought. It also said it had made a significant conventional discovery in both the Cretaceous and Jurassic sections of the site that could add meaningful short-term production and cash flow. Max now estimates overall oil in place of 184m barrels. Its shares rose 3.2% on the news.Shares in Chaarat Gold Holdings, the gold exploration company operating in the Kyrgyz Republic, plunged on Monday after it announced it was in negotiations with the government. The firm said the fiscal regime governing mining companies in the country was under review by the newly formed government and, in its opinion, was likely to change. Chaarat said that pending negotiations with the government, further capital investment activities - other than the infrastructure projects relating to power and roads which have already commenced - at its Tulkubash Project would be suspended until agreement was reached. MM

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30 Sep 2013 07:54

ViaLogy Seeks New Funds Again, Even Though Losses Narrowed

15 Jul 2013 14:58

Sector movers: Sage, AVEVA drag software sector lower

Software stocks were in the red on Monday with steep falls from heavyweights Sage and AVEVA weighing on the sector as it pulled back from strong gains on Friday. Equities in the software sector rose at the end of last week after M&A activity prompted some bullish moves. Technology group Invensys co

8 May 2013 11:14

STOCKS NEWS EUROPE-UK small caps up 0.4 pct, outpace blue-chips

The FTSE Small Caps Index is up 0.4 percent in mid-session trade, outpacing a 0.2 percent gain on the blue-chip FTSE 100 index, while the FTSE 250 mid-cap index is also up by 0.4 percent. Charles Taylor rises 5.9 percent after the insurance services company encourages with a trading update

8 May 2013 10:50

Gente Oil Global subsidiary contracts ViaLogy for seismic interpretation work

AIM-listed geophysical imaging services provider ViaLogy has signed a contract with a subsidiary of Singapore-based upstream oil and gas company Gente Oil Global to apply its seismic interpretation technology, QuantumRD, to Ecuadorian properties in the Oriente Basin. The company said it would foc

29 Apr 2013 08:33

ViaLogy to collaborate with CGG in 'win-win' deal

ViaLogy, an oil and gas services provider, has announced a collaboration with CGG, a geosciences company based in France. The agreement will provide ViaLogy with global sales and services locations, access to CGG customers, assistance in scaling it's QuantumRD technology to large geographical area

12 Apr 2013 08:34

ViaLogy jumps on contract to provide subsurface mapping for Chevron

Chevron has expanded ViaLogy's work in the US Delaware Basin, tasking the Pasadena-based energy technology company with mapping subsurface reservoirs for horizontal drilling that are well below the resolution of 3D seismic. Over the years, Delaware Basin operators have typically developed field mod

12 Apr 2013 07:56

STOCKS NEWS EUROPE-UK small caps dip 0.2 percent early on

The UK small caps index is 0.2 percent lower in early deals, faring better than the FTSE 100 and FTSE 250, which both fall 0.4 percent. Marshalls sheds 0.4 perent after selling it quarries and associated aggregates business for a consideration of up to 19 million pounds ($29.25 million) to

20 Feb 2013 07:04

Wednesday broker round-up UPDATE

Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate

7 Jan 2013 09:13

Vialogy moves to protect IP

Vialogy rose strongly after completing patent filings for its seismic data technology in nine key energy markets. The firm said the filings for QuantumRD , which interprets core seismic data for the oil and gas industry, would protect its intellectual property ahead of expanded use in countries lik

2 Jan 2013 13:27

Vialogy jumps on news of Chevron contract

Shares in Vialogy rose strongly after it said US oil giant Chevron was expanding its use of the firm's specialist seismic data analysis technology. The company's QuamtumRD technology will be used over a larger area of the Delaware Basin, which spans parts of west Texas and southeast New Mexico. Ch

31 Dec 2012 07:25

Vialogy losses widen, on track for year

ViaLogy, a service provider to global oil and gas exploration and production companies, said half year pre-tax losses widened while revenue more than doubled. The group, which reported a £2.98m loss for the six months ended September 30th 2012, said the figure included a non-cash loss of £1.6m for

21 Nov 2012 08:42

ViaLogy expands into shale oil exploration

ViaLogy is using its seismic technology to help an unnamed global oil major locate shale oil deposits. The technology minnow, with a market cap of barely £18m, will use its patented QuantumRD processing technology to analyse 3-D seismic data and locate unconventional oil deposits in "tight" shale f

21 May 2012 17:21

Small caps round-up: Emblaze, Vialogy, Motive Television

Technology group Emblaze saw shares surge on Monday after announcing that its UK subsidiary, Emblaze Mobility Solutions, has recovered 1.5m pounds which was part of the VAT repayments claimed withheld by HM Revenue & Customs (HMRC) since March 2006. HMRC has been withholding VAT repayments but was

2 May 2012 11:59

Resources round-up: Vialogy, Sefton, Berkeley Mineral ...

ViaLogy, a service provider to global oil and gas exploration and production companies, hit a 52-week high after it announced an unnamed major oil and gas company had deployed the AIM-listed tiddler's patented QuantumRD processing technology. Not only is the identity of the customer secret, so is th

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Resource Round-up: ViaLogy, Berkeley Mineral Resources, Nostra Terra

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