Getech Grp Regulatory News (GTC)

GETECH Group plc

("GETECH")

$0.6m licence sales of global gravity and magnetic data products

GETECH, the oil services business specialising in the provision of exploration data and geological exploration studies, is pleased to announce that it has issued two licences for its global continental margins gravity and magnetic datasets with an aggregate value in excess of $600,000.

The global continental margin datasets are a part of the library of gravity and magnetic data to which GETECH has acquired access over the past 25 years. These data (collectively "potential field data") are used by oil, gas and mining companies to assist in their exploration programmes.

GETECH's Chief Executive Raymond Wolfson, commented, "What we are currently seeing is an increased emphasis by our clients on global exploration. Our approach has for some time been to develop exploration data and studies at global and regional scales. This culminated in our recent announcement about the growing sponsorship of our Global Programmes, which are in part underpinned by the global potential field data. We are extremely pleased with the licences of these datasets and regard this as strong evidence that our global approach is both well-timed and of major interest to our clients."

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