Business
New contract worth $500k
New contract worth $500k.
About this update from Getech Group Plc
[{"type":"text","content":"\n \nRNS Number : 2941L GETECH Group plc 03 July 2014 \n \n\n \nGetech Group plc\n(\"Getech\" or the \"Company\")\n \nNew contract worth $500k\n \nGetech (AIM; GTC), the geoscience business specialising in the provision of data, studies and services to the oil, gas and mining exploration sectors, announces it has won a new contract with a total value of $500k for immediate delivery.\n \nThe Company is pleased to announce that, as anticipated, it has signed a further contract for delivery of its US gravity dataset at a price of $500k, for immediate delivery. The income from this sale will therefore be recognised in the current financial year. This client had already purchased a substantial part of the dataset prior to the major upgrade by Getech in 2012 and 2013. Under the current sale the client will receive the upgraded onshore US dataset.\n \nRaymond Wolfson, Chief Executive of Getech Group plc, said: \"This sale is to an existing and technically knowledgeable client and is the third major sale we have reported out of this dataset. It is also of note that, while many clients work in both conventional and unconventional resources, we believe this client currently only operates in unconventionals.\"\n \nEnquiries:\n \n\n\n\n\nGetech Group plc\nRaymond Wolfson, Chief Executive\n \n\n\nTel: 0113 322 2200\n\n\n\n\nWH Ireland Limited\nKaty Mitchell\n\n\nTel: 0161 832 2174\n \n \n\n\n\n\nWalbrook PR\nHelen Cresswell\nPaul Cornelius\n\n\nTel: 020 7933 8780 or [email protected]\nMob: 07841 917 679\nMob: 07866 384 707\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END CNTRTMMTMBBMTMI\n ","length":3110,"tagName":"div"}]