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GETECH Group

  • BY: Andrew Hore |
  • POSTED: 09/08/2011 |

Oil exploration data services provider GETECH Group says that it will report record revenues and better than expected trading profit for the year to July 2011.

Sales of Iraq gravity and magnetic data and the completion of a major new proprietary interpretation project boosted the figures. House broker WH Ireland was forecasting a 2010-11 pre-tax profit of £400,000.

Former Dana Petroleum boss Stuart Paton was appointed chairman of GETECH during April.

At 20.5p a share, GETECH is valued at £6m.

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