GETECH Group plc Sierra Leone 4th Licensing Round Pre-Announcement
October 27 2017 - 1:00AM
RNS Non-Regulatory
TIDMGTC
GETECH Group plc
27 October 2017
Getech Group plc
("the Getech Group" or the "Company")
Sierra Leone Fourth Licensing Round Pre-Announcement
The Director General of the Petroleum Directorate of Sierra
Leone (PDSL), Raymond Kargbo, announced at this week's Africa Oil
Week Conference in Cape Town, South Africa, that his country's
Fourth Offshore Petroleum Licensing Round will take place between
mid-January and the end-May 2018.
This License Round will be exclusively supported by the Getech
Group (AIM; GTC), through its wholly owned subsidiary ERCL.
ERCL and the Petroleum Directorate have worked together since
2016 to provide the data that investors will require to review
Sierra Leone's proven prospectivity. Through Data Rooms in Freetown
and London, investors can access a huge range of technically-rich
information, including:
-- 15,000 line km of 2D seismic
-- >10,000km2 of 3D seismic (including PSDM volumes)
-- all wells from the 2009-2013 drilling campaigns, which produced four discoveries
The 3D seismic data and wells are available to license from the
PDSL and will be delivered by ERCL.
Also available to licence are a number of value-added products,
built by the Getech Group using the Government's released 3D
seismic and well database. These include the Sierra Leone Digital
(GIS) Atlas and Sierra Leone Petroleum Geology Report. In addition,
the Getech Group's large potential fields database and regional
reports are also available to assist in evaluating the Sierra Leone
margin.
Jonathan Copus, CEO of the Getech Group commented:
"The Getech Group is proud to be working in partnership with the
Petroleum Directorate of Sierra Leone during this exciting new
phase for the country's petroleum sector. Located on a margin that
is bookended by major discoveries in Senegal/Mauritania and Ghana,
Sierra Leone's offshore waters contain proven petroleum systems
that we believe to be conjugate to major discoveries in South
America. As exploration interest steps up in the neighbouring
waters of Guinea, potential investors are able to access an
extremely high quality technical database to assist in their
evaluation of the undoubted potential of the Sierra Leone margin.
We look forward to the Fourth Licensing Round and assisting the
Directorate in attracting investment in the upstream petroleum
sector of Sierra Leone"
Interested parties should contact Raymond Kargbo Director
General of the PDSL (raymond.kargbo@pd.gov.sl) or John Clark at
ERCL (info@ercl.com)
For further information, please contact:
Getech Group plc Tel: 0113 322
Jonathan Copus, Chief Executive 2200
WH Ireland Limited Tel: 0161 832
Katy Mitchell 2174
Notes to Editors:
The Getech Group is a leading AIM-listed supplier of products
and services to companies and governments working with natural
resources. We provide knowledge, expertise and insight that allows
our growing customer base in the oil and gas, mining, nuclear and
water industries to make better 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
NRAQQLFLDBFLFBL
(END) Dow Jones Newswires
October 27, 2017 02:00 ET (06:00 GMT)
Getech (LSE:GTC)
Historical Stock Chart
From Apr 2024 to May 2024
Getech (LSE:GTC)
Historical Stock Chart
From May 2023 to May 2024