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Vialogy – will Chevron really be the pay daddy?

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Supporters of AIM listed director lifestyle (oops sorry I meant oil exploration services) company Vialogy (LSE:VIY) always pin big hopes on the idea that Chevron will announce mega contracts. Vialogy has never actually announced what its two contracts with Chevron were worth but we know that the first was c£40,000 ( or less than Chevron spends each year on toilet rolls for all of its offices). I have no idea  how much Chevron will commit to Vialogy’s product but I bet that it will not be much.

My confidence in that bearish assumption is heightened by this page that a kind reader has sent me from Chevron’s website. I suggest that Vialogy supporters read it and consider if Chevron really needs Vialogy at all?

The Chevron page is here

Vialogy is, at 1.625p, a sell down to 0.1p as I explain here

Tom Winnifrith writes for 10 UK and US websites. Links to all of his articles plus stacks of unique content can be found on his own website www.TomWinnifrith.com

You can follow Tom on twitter at @tomwinnifrith

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Comments

  1. jimb2 says:

    What 50% success rate, Vialogy must be in great demand, thanks for the link, I found the figures support the take up of QuantumRD:

    You view is very misleading,another dreadful example of poor research.

    After our teams have done their work, then it’s time to drill the exploration well. A success rate of 50 percent in finding oil or natural gas in that well is actually really good in our industry. Because, after all, the data is just a representation of what’s beneath the surface. But we don’t know what’s really down there until we drill that well. Well, that’s an overview of how we search for oil and natural gas.

    Now multiple 3D (4D) gives 69%, but I wonder how expensive that is, it’s also very likley that if QRD was applied to the 4D then thay would achieve success above 69%.

    And you have people paying for your research/advice!

  2. mike says:

    yes Jimb2,

    Tom’s grasp is almost child-like.

    QRD takes the seismic (3D/4D) and enhances via a method of injecting artificial noise to interact, looking for known reactions of a target component (i.e. Oil) in small parcels called Voxwells. Crucially not disgarding what other methods call noise at either end of the bandwidth, but being able to use these to add value and hence increase available data for analysis. The point being Chevron’s seismics will still benefit from QRD analysis because of the methodology and the better the source seismic the better Vialogy’s results. Tom appears to have no understanding and just as we have raised funds, which Tom expected would be the catalyst for his share price capitulation – it didn’t happen – I believe Vialogy will be yet another call he gets wrong.

  3. jimb2 says:

    Give him a break,

    it’s not his research after all, it’s one of his readers!!!!

    My confidence in that bearish assumption is heightened by this page that a ***kind*** reader has sent me from Chevron’s website.

    is this as the old saying goes:

    ‘the kind leading the blind’

    And ironically the best advice you get from TW@ is absolutely free:

    ***I suggest that Vialogy supporters read it and consider if Chevron really needs Vialogy at all?***

    I did and they do,

    Thanks TW@

    £300 saved.

    Nice man,

  4. mike says:

    It’s simple. Vialogy offer a way in which by incorporating hitherto disgarded outer spectrum data – both high and low – more information can be obtained for analysis from WHATEVER seismic is provided. That 50% or 69% or any standard typical success rate for that matter will be improved upon in general when more data is useable.
    Not least that Vialogy can provide porosity readings which is a very important addition not to lose sight of. The drilling positioning, channel route, porosity and permeability are probably all things of which Tom is completely unaware and very important.
    It’s like a child learning to walk in front of our eyes! Currently it appears Tom is at the crawling stage. LOL

  5. Remind me – I first said sell at 2.25p. Muppets like you abused me and bought stock & then as predicted by me there is a rescue placing at 1.25p. I may be crawling but I think so far I have been right and you ( with your great understanding) , er…wrong.

    Best wishes

    Tom

  6. you would have saved even more by sell at 2.25p as I advised you to do.

    If this was a tweet it would go out #tosser

    Best wishes

    Tom

  7. well so far I have been spot on in my calls you guys ( I note the we raised) 100% wrong

    Best wishes

    Tom

  8. jimb2 says:

    I’m a little confused with the last three responses, the thread relates to your suggestion that Chevron don’t need improved success from their exploration. There was no doubt that Vialogy needed further funding.

    This is like the Monty Pythons sketch:

    ‘What have the Romans ever done for do for us’

    http://www.youtube.com/watch?v=ExWfh6sGyso

    Remember the question about whether Chevron needed the tech, here’s the sentence:

    I suggest that Vialogy supporters read it and consider if Chevron really needs Vialogy at all?

    Answer: well they are using it for some strange reason, and happy to stand side by side with Vialogy in confirming it’s value to the industry.

    September 20, 2012. At a major Singapore energy industry conference, ViaLogy presented results of work performed for Chevron showing how QuantumRD, its proprietary seismic analysis technology, could significantly increase primary recovery of oil over currently achieved yields in tight carbonate formations. The Chevron-approved presentation to the American Association of Petroleum Geologists in Singapore also provided more details about ViaLogy’s current analysis work for the energy supermajor.

    Your success has been noted with past claims on other companies and is pretty poor.

    Having said that I will take my hat off to you being able to part fools with their money, what a talent!

    Agree with you mike,

  9. Jimb

    You are dim. The point is how much does Chevron spenmd on its own technology/has it spent and how much has it spent with Vialogy. That is the simple question for you. The answeer is that Chevron spends more each year on loo rolls than it does with Vialogy.

    My success rate is clear . My calls on VIY, RRL, CEY< SER on the bear tack have fools like you attacking me ( without declaring they own shsraes as they obviously do) but I have been right on all 4. You the fools wrong.

    My tip record ( 42.7% over 241 tips over 12 years) is in the public domain.

    As I noted you clearly have shit for brains.

    Best wishes

    Tom

  10. mike says:

    Yes, TW@ and although you keep deleting posts that point it out, you STILL ignore the fact. The fact is you also (along with the correct 42.7%) stated that winners outnumbered losers by more than 2.5 to one. Didn’t you, you little LIAR! Yes you, who has the nerve to call other people liars, are a complete hypocrite!

    This false claim was also in the public domain until you had to remove it because it wasn’t true.
    Once again you have clearly avoided the actual (statement in) question and spoken about the accompanying claim. All the usual misdirection one does when guilty. LOL

    So, here’s another post with the unsavoury truth which will need deleting.

    TW@ it is you who are a proven LIAR!

    Have you been contacted yet by the FSA?

  11. mike says:

    You miss the point TW@,

    Firstly your VIY call for sub 1p and down to 0.1p remains ridiculous, let’s say still to be seen and I predict you will have it wrong. So, it fell on the expected Placing and news/further contracts will see it rise – investors sticking with it will make a handsome return.

    Secondly, No sizeable Oil co is going to throw large sums/acreage until they do DD and test it with small areas. Then, just as we have seen an expansion and so the story/revenue grows. Do you really think Chevron are going to start out with a multi-million $ contract. It is proceeding as any sensible commentator would foresee and I suspect you may be surprised at the size of the expansion. Your original (readers) claim about adding value to the success rates is as has been advised to you. Weakly thought through and light-weight because it fundamentally has no conception (misunderstands) the nature of Vialogy’s add-on-value.

    Need I remind you Porosity, Permeability – to a degree otherwise unobtainable and drill positioning through channels of a factor double what’s normal. Please do some research – even just a modicum – and come back muppet!

  12. mike says:

    It is mainly you who misses the point TW@,

    Firstly your VIY call was for sub 1p and down to 0.1p, which remains ridiculous, but let’s say still to be seen and I predict you will have it wrong. So, it fell on the expected Placing and news/further contracts will see it rise – investors sticking with it will make a handsome return.

    Secondly, No sizeable Oil co is going to throw large sums/acreage until they do DD and test it with small areas. Then, just as we have seen an expansion and so the story/revenue grows. Do you really think Chevron are going to start out with a multi-million $ contract. It is proceeding as any sensible commentator would foresee and I suspect you may be surprised at the size of the expansion. Your original (readers) claim about adding value to the success rates is as has been advised to you. Weakly thought through and light-weight because it fundamentally has no conception (misunderstands) the nature of Vialogy’s add-on-value.

    Need I remind you Porosity, Permeability – to a degree otherwise unobtainable and drill positioning through channels of a factor double what’s normal. Please do some research – even just a modicum – and come back muppet!

  13. mike says:

    oh dear a duplicate post, but as they don’t mention how you are a proven LIAR, maybe you can leave them. LOL – unlike the others you’ve since had removed.

    So, pathetic and a LIAR

    Now what was that again Winners outnumbered losers by more than 2.5 to one that morphs into an answer stating “My tip record ( 42.7% over 241 tips over 12 years) is in the public domain”

    You couldn’t make it up.
    Ooops I mean YOU could. rotflmao

  14. mike says:

    knock knock
    who’s there
    The FSA
    is that 42.7% of the FSA?
    No sir, but it’s more than 2.5 of us.
    Oh, just the one then. (I go out the back door).

  15. jimb2 says:

    intentionally left blank

  16. putszy says:

    funny dialogue. the vitriol from both sides is hilarious.

    As a neutral observer –
    so far given the share price and recent placing TW is more correct than incorrect. Of course over time this may change but how long?

    I attend most EAGE, SEG and AAPG events globally, unfortunately missed the 2011 Singapore but digging out the papers I notice that the one presented by VIY has no co authors from Chevron, in fact Chevron is not even mentioned in the paper. Easy for Chevron to give approval when they don’t put their name to it. Also where is the other research? 1 single paper from all these years of research? I have never seen a presence from VIY at these shows. In a scientific industry that is just not how you release disruptive technology. Maybe VIY will pull a rabbit out of a hat but the record so far doesn’t look convincing.

    TW I have no idea on your investing tips record, but if they are as amateur as your counter argument to the attacks in the comments section then i may avoid.

    Jury still out on VIY, they seem tenacious having lasted 10yrs and various incarnations so betting them to reach 0.1 might be a big call. But at the same time, their attempts so far to commercialise QRD are laughable.

  17. mike says:

    A perfectly reasonable overall view putszy,

    Re Tom.
    Not sure how any other conclusion could be drawn. Rank Amateur with a matching record.
    Anyone who tries to hook in customers to a GBP 299 subscription for his Nifty Fifty service by, in large part, telling one big whopper about his past t1ps performance and removing that particular claim only when forced to, should not be calling other people liars, let alone when we are told his real t1ps performance was about 1.3 to one AND that’s before costs!!

    Re Vialogy.
    Regarding the AAPG presentation. Please note the following extract from the link below.
    “The Chevron-approved presentation to the American Association of Petroleum Geologists (AAPG) in Singapore also provided more details about ViaLogy’s current analysis work for the energy supermajor”

    I think if Chevron approve what Vialogy are saying about Vialogy’s work for them, then it’s as good as putting their name to what’s said. Additionally I believe the AAPG stand was staffed by both Vialogy and Chevron jointly.

    http://announce.ft.com/Detail/?DocKey=1323-11335616-4NSS4PQBH5D8HCVROLSDFJ2F87

    Additionally below you will find clearly stated 4 names at the top of the paper. You will see Sandeep Gulati is Vialogy and the other 3 are all Chevron employees and all noted as such. That should settle it ;-)

    http://www.searchanddiscovery.com/abstracts/html/2012/90155ice/abstracts/gu.htm

    Re research papers – I have seen some over the years on QRI – from which QRD is a derivative, but its not something I follow closely. There are papers around and this recent one gives some in-depth detail. It is a patent filing, but most informative, if beyond most people’s grasp.

    http://www.google.co.uk/patents/EP2542918A2?cl=en&dq=vialogy&hl=en&sa=X&ei=VmIhUdboEMeQswbK7YHoAw&ved=0CDsQ6AEwADgK

  18. Dave says:

    Its impressive that anyone publishes TW with some of the comments he has made

    My 16 year old child is more polite, and thats saying something in this day and age

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