Last month, Dr. Robert Benson was quoted in a Press Release that VOIL has enhanced the quality of the seismic data that they purchased. They applied "Prestack Time Migration" and got a much superior product with better resolution of the data. This shows that Dr. Benson has been working on the material they bought. See below:
HOUSTON, Sept. 2, 2014 /PRNewswire/ -- Virtus Oil and Gas Corporation (OTCBB: VOIL) ("Virtus" or the "Company") today announced that its recently purchased 47 miles of 2D seismic data in the Parowan Project has been received and is currently being reprocessed with advanced processing software.
Dr. Robert (Bob) Benson, Exploration Director at Virtus, comments: "The seismic data quality is excellent, and reprocessing has already yielded a much superior product than was previously available. In particular, by applying Prestack Time Migration, we have been able to increase the resolution of the data while also improving the imaging of the prospects.
Benson continues: "While the reprocessing of the seismic data is being finalized, interpretation utilizing the preliminary products has confirmed several potential prospect locations. This new data consists of three seismic lines that provide a much clearer image of the structurally complex geology of the area. Once the final processed seismic data is received, a revised interpretation will be completed. This will allow us to determine the need for additional seismic data in the area."
Dr. Benson has nearly forty years of exploration, development and management experience in the energyindustry. He obtained his BSc in Geophysical Engineering and his MSc and PhD in Geophysics from theColorado School of Mines in 1976, 1984 and 1997, respectively.
The last quote I saw was at 3:59 PM. VOIL was up 5 cents today. Looks like the naysayers didn't win today!
