ViaLogy confident of future oil & gas work

Shares of ViaLogy surged 33% after it said substantial progress has been made in consolidating relationships with major oil and gas exploration companies on three continents during the last quarter of 2011.

Shares of ViaLogy surged 33% after it said substantial progress has been made in consolidating relationships with major oil and gas exploration companies on three continents during the last quarter of 2011.

In Asia, a contract with a national oil company is waiting government approval to transfer seismic information before it is signed, it explained.

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