GETECH GROUP PLC — Regulatory Filings 2014

Jul 3, 2014

National Storage Mechanism | Additional information

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RNS Number : 2941L

GETECH Group plc

03 July 2014

Getech Group plc

("Getech" or the "Company")

New contract worth $500k

Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, announces it has won a new contract with a total value of $500k for immediate delivery.

The Company is pleased to announce that, as anticipated, it has signed a further contract for delivery of its US gravity dataset at a price of $500k, for immediate delivery. The income from this sale will therefore be recognised in the current financial year. This client had already purchased a substantial part of the dataset prior to the major upgrade by Getech in 2012 and 2013. Under the current sale the client will receive the upgraded onshore US dataset.

Raymond Wolfson, Chief Executive of Getech Group plc, said: "This sale is to an existing and technically knowledgeable client and is the third major sale we have reported out of this dataset. It is also of note that, while many clients work in both conventional and unconventional resources, we believe this client currently only operates in unconventionals."

Enquiries:

Getech Group plc Raymond Wolfson, Chief Executive	Tel:  0113 322 2200
WH Ireland Limited Katy Mitchell	Tel:  0161 832 2174
Walbrook PR Helen Cresswell Paul Cornelius	Tel:  020 7933 8780 or getech@walbrookpr.com Mob: 07841 917 679 Mob: 07866 384 707

This information is provided by RNS

The company news service from the London Stock Exchange

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