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Rock Solid says it has made a good start to 2012

Rock Solid says it has made a good start to 2012
US firm Rock Solid Images (RSI), formerly Aberdeen-based Offshore Hydrocarbon Mapping, said today it had made a promising start to 2012.

US firm Rock Solid Images (RSI), formerly Aberdeen-based Offshore Hydrocarbon Mapping, said today it had made a promising start to 2012.

Project and contract awards in its current trading year totalled £2.9million, with revenues from these expected to materialise before August 31, it added.

RSI, which provides geophysical processing and interpretation consulting services to the oil and gas industry, also posted results for the year to August 31, 2011.

The Houston-headquartered company reported pre-tax losses of £2.82million on revenue of £3.99million.

This compared with losses of £4.27million on revenue of £3.63million in 2009/11.

Chairman Peter Reilly described the most recent financial year, when RSI got to work on a “major re-structuring and re-alignment of the business”, as a period of momentous change.

The strategic review, led by investment bank Simmons and Co, could see the company sold.

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