Getech has won a major new contract with a total value of $2m.
As indicated in the trading update released on 10th June 2014, whilst several significant contracts were expected to be signed before the end of the current financial year, predicting the timing of these contracts remained difficult. The Company is therefore pleased to announce that it has signed a major contract with a leading US oil and gas independent valued at $2m. This contract includes:
◾ renewal of the Globe subscription which will cover the second period of Globe from July 2014 to July 2017
◾ a long term licence for regional high resolution gravity and magnetic data
◾ subscription to our global depth to basement project which started in April 2014 and is planned to complete in Q4 2015