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GTC Getech Group Plc

8.50
0.00 (0.00%)
Last Updated: 08:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Getech Group Plc LSE:GTC London Ordinary Share GB00B0HZVP95 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.50 8.00 9.00 8.50 8.50 8.50 4,264 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 5.07M -2.83M -0.0419 -2.03 5.74M

GETECH Group plc Getech Extends Support to the OGA

02/05/2017 7:02am

RNS Non-Regulatory


TIDMGTC

GETECH Group plc

02 May 2017

Getech Group plc

("Getech" or the "Company")

Getech Extends Support to the OGA

As part of their ongoing commitment to encourage further activity in under explored areas of the UK Continental Shelf (UKCS), the Oil and Gas Authority (OGA) has announced the purchase of a comprehensive suite of subsurface datasets and other information sources.

Getech, an existing OGA supplier and providers of data and information expertise to the natural resources sector, was awarded a further contract; for the supply of satellite derived gravity data covering the entire UKCS.

The package of data sold is a subset of an innovative global dataset developed by Getech through the combination of newly available satellite altimetry with advances in our proprietary processing methods. This has enabled Getech to create a spectacular new gravity data set with comparable resolution to conventional regional 2D ship borne surveys.

Jonathan Copus, CEO of Getech commented: "Through this data sale, our work for the OGA in the Western Approaches Area and our contract to define and execute the OGA's spatial data strategy, we are very pleased to continue our collaborative relationship. We fully support and share the goal of the OGA to encourage organisations to further investigate previously under-explored areas of the UKCS."

For more information on this investment in the future of the British oil and gas industry visit www.ogauthority.co.uk and to explore the Getech Group's exploration data and services visit www.getech.com

Getech Group plc Tel: 0113 322 2200

Jonathan Copus, Chief Executive

WH Ireland Limited Tel: 0161 832 2174

Katy Mitchell

Notes to Editors:

Getech is a leading AIM-listed supplier of consultancy services to companies and governments working with natural resources. Our customers work within the oil and gas, mining, atomic energy and water industries. We provide knowledge, expertise and insight that allows our customers to make better business decisions.

For more information, please visit our website at www.getech.com.

This update refers to a contract in the ordinary course of business for Getech.

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRAEANSFEANXEFF

(END) Dow Jones Newswires

May 02, 2017 02:01 ET (06:01 GMT)

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