4018 days ago
I want to requisition an EGM for AIM listed management lifestyle, oops I meant oilfield services company Vialogy (VIY) to change its name to Yadda, yadda, yadda PLC to reflect more accurately what this is all about. Today we have more blockbusting non news from this firm, another “big name tie up” but naturally no financial information. Talking of which why was there no year end trading statement?
The news is that Vialogy has signed a co-operation agreement with another big name, with CGC a big French geoscience company which “provides ViaLogy with global sales and services locations, access to CGG customers, assistance in scaling ViaLogy's QuantumRD technology to large geographical areas, and specialized high tech data processing to prepare seismic datasets for QuantumRD. Support in the form of CGG personnel, facilities, past project experience, and assistance with tender submissions are also part of the arrangement. In exchange, CGG will receive reimbursement for services, and will be able to monitor and exploit the QuantumRD technology for its own business and technical purposes, and collaborate on an exclusive basis with ViaLogy technologists.”
Yadda yadda yadda. Another big name tie up but how much cash will this actually generate? Er….
