RNS Number : 2018V
Rock Solid Images plc
09 January 2012
9 January 2012
Rock Solid Images (AIM: RSI)
Sale of Seismic Attribute Software License for $0.5 million
RSI (AIM:RSI), announced today that it has provided a non-exclusive license of its seismic attribute interpretation technology to a major North American software vendor for a fee of $0.5 million.
Richard Cooper, CEO of RSI stated: "This license will allow the benefits of RSI's technology to be accessed by a wide range of E&P companies. RSI's seismic attribute technology allows geophysical interpreters to reduce drilling risk by transforming 3D seismic data into a variety of geologically meaningful volumes. "
CONTACT: Rock Solid Images plc
Richard Cooper - Chief Executive Officer +1 713 723 2566
Bob Auckland - Chief Financial Officer +44 (0) 7919 490911
Peter Reilly - Non Executive Chairman +44 (0) 7881 920542
FoxDavies Capital (Nominated Advisor and Broker) +44 (0) 203 463 5000
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