VIY.L Share News (VIY)

Robert Dean, the chief executive of network based real-time signal processing platform developer ViaLogy said the company's QuantumRD technology proved itself in 2009. "We have successfully completed a significant number of QuantumRD wells, and, very significantly, our retrospective analysis showed why previous drilling efforts had produced dry holes for over 20 wells," Dean said. In the company's latest project its client, Atascosa, is determining whether to do a deviated drilling completion of its Escondido well or to drill at another nearby ViaLogy designated location. Initial results indicate that the drilling process may have failed to achieve the placement accuracies set by ViaLogy, but has confirmed that QuantumRD analysis accurately located a pay zone and determined porosity.