Getech Grp Regulatory News (GTC)

28 Apr 2009 07:00



GETECH Group plc 

("GETECH" or the "Company")

Trading contracts

GETECH, a leading oil services business specialising in the provision of data, studies and interpretation services to the oil and mining exploration sectors, announces new contracts relating to its geological studies.

The Company is pleased to announce that one of its major oil company clients has contracted to purchase five of its multi-client geological studies, for a total value of £290,000. One of these was recently completed and the other four are in the form of pre-commitment to new studies that will be completed in 2009 and 2010. These studies not only represent the application of a broad range of technical disciplines, but also cover a wide geographical area including India, South East Asia and South East China.

Raymond Wolfson, Chief Executive commented "We are very pleased with these purchases, which come at a time when oil company budgets are still being cut or frozen. This provides further recognition of the very positive way that the Company's skills and exploration studies are being viewed by our clients" 

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