Sale of Russian Products

RNS Number : 7391P

GETECH Group plc

07 October 2011

 



GETECH Group plc

("GETECH", "Company" or "Group")

SALE OF RUSSIAN PRODUCTS

GETECH, the oil services business specialising in the provision of exploration data and petroleum systems studies and evaluations, is pleased to announce a further sale of its Russian potential field (gravity and magnetic) products.

The Company announced in June 2011 resumption of Russian potential field data sales, with the first sale in 2011 of its aeromagnetic products.  GETECH is now pleased to report a further order. The gross value of this new contract is more than $550,000 and delivery is anticipated to be completed in 2011.

Raymond Wolfson, Chief Executive of GETECH, commented "We are very pleased with the continuing level of global interest in our data products and particularly in relation to Russia and Iraq. This provides additional confirmation that oil and gas company exploration is very active in general, and that there is a continuing need for gravity and magnetic data products in particular."

Enquiries

GETECH Group plc Raymond Wolfson, Chief Executive	Tel:  [phone]
WH Ireland Limited Katy Mitchell	Tel:  [phone]
Walbrook PR Helen Westaway	Tel:  [phone] [e-mail]

 

END

 

 

DISMFBFTMBTMBMB