National Oil Company umbrella contract

RNS Number : 0438W

GETECH Group plc

04 November 2014

 



Getech Group plc

("Getech" or the "Company")

National Oil Company umbrella contract

Getech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, announces a three-year extension to an existing umbrella contract with a well-known National Oil Company.

This contract is with a long standing client and provides a three-year extension to the previous, annually renewable, contract. Under this extension the client may purchase Globe, Regional Reports, data and Commissions work.

Raymond Wolfson, Chief Executive of Getech Group plc, said: "This type of contract substantially reduces the administration required to place and receive orders for new products and services. The previous such contracts with this client have generated regular and substantial income for Getech. We regard this as substantial affirmation of the value of the continuing relationship with this client."

Enquiries:

Getech Group plc Raymond Wolfson, Chief Executive	Tel:  [phone]
WH Ireland Limited Katy Mitchell	Tel:  [phone]
Walbrook PR Helen Cresswell Paul Cornelius	Tel:  [phone] or [e-mail] Mob: [phone] Mob: [phone]

 

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