IP : Getech Group plc - Sierra Leone fourth licensing round

Sierra Leone Fourth Licensing Round

Extension of Bid Deadline

Following an extended election period, resulting from the run-off between the two main political parties, the Government of Sierra Leone has decided to extend the close date of the country's Fourth Licensing Round to the 27^th September 2018.

This License Round is being exclusively supported by the Getech Group (AIM; GTC), through its wholly owned subsidiary ERCL.

Jonathan Copus, CEO of the Getech Group commented:

'The offshore waters of Sierra Leone contain proven petroleum systems, the understanding of which are supported by an inventory of extremely high quality geological and geophysical data. With much of this data being made available for the first time, the country's Fourth Licensing Round has generated significant levels of interest from the international oil and gas industry.

Following the Round's London launch in January, which was attended by more than 30 companies, activity has moved on to a busy programme of technical and commercial review - staff of the Petroleum Directorate and Getech welcoming a broad spectrum of International Oil Majors and large Independents to Data Rooms held in Freetown (Sierra Leone), London (UK) and Houston (USA).

In partnership with the Republic of Sierra Leone, Getech's goal is to attract international investment via a strong and transparent licensing process, through which the country's people will gain both near-term and long-term national benefit. With levels of exploration activity beginning to rise across the oil and gas industry we look forward to concluding Sierra Leone's Fourth Licencing Round.'

For further information

https://getech.com/sierra-leone-oil-gas-exploration/www.pd-sl.com

The Getech Group provides the expertise, support and knowledge that companies and governments need to better discover, develop and manage natural resources. Our data-rich products, geospatial solutions and government advisory services help our customers to achieve their business goals of risk-management, cost control, operational excellence, regulatory compliance and environmental responsibility.

The Group has a long history of assisting Governments and National Oil Companies with License Rounds, Data Management, Capacity Building and Advisory services to develop their nation's natural resources. Our work in Sierra Leone joins similar Getech Group projects in Africa, the Americas and Middle East.

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 - details of which were previously announced on 25^th January 2018.