href="http://www.posgrip.com/main/about.htm">http://www.posgrip.com/main/about.htm

The Plexus Group is an established oil and gas engineering, and service business based in Aberdeen, with an office in London and a presence in Houston, Texas through PDT. Plexus began trading on AIM in December 2005. The Plexus Group has developed and patented a method of engineering for oil and gas field wellheads and connectors, named POS GRIP™, which involves deforming one tubular member against another to effect gripping and sealing.

POS-GRIP technology was invented by the Plexus Group's founder, Ben van Bilderbeek, an accomplished engineer and successful entrepreneur with over 30 years' industry experience, and a track record of developing and commercialising specialised wellhead and drilling equipment.

The Directors believe that by using POS-GRIP technology in wellhead systems a number of significant advantages over existing 'slip and seal' and 'mandrel hanger' wellhead technologies may be offered which can include, depending on application:

Enhanced safety
Larger metal to metal seal areas
Virtual elimination of movement between the sealing parts
Fewer components
Simplified design and assembly
Enhanced corrosion resistance
Simpler to manufacture
Reduced installation cost
Lower unit cost
Increased reliability

As oil and gas exploration and production shifts to more extreme operational environments in response to increasing demand, the Directors recognise that there is a significant marketing opportunity in unconventional fields. They believe that the POS GRIP wellhead technology is ideally suited to enable some of the more extreme fields to be commercially viable.

Notwithstanding what the Directors perceive as the clear advantages of POS-GRIP technology in niche markets, which can generate high operating margins, the Directors consider that the greatest commercial potential for POS-GRIP technology is in the mainstream production wellhead market. In order to exploit this market, the Company recently introduced a further proprietary POS-GRIP product line known as the HG wellhead (the patent application for which is at the publication stage). The current worldwide market for wellheads and x-mas trees is estimated by the Directors to be in excess of US$2 billion per annum.

POS-GRIP wellhead systems have been used in more than 100 oil and gas wells to date by international customers and end users including, BP, Brunei Shell Petroleum, Maersk, Petro-Canada Trinidad and Tobago, ConocoPhillips, BHP Billiton, Talisman Energy, Tullow Oil, Global Santa Fe, Gaz de France and Wintershall. In February 2004, BP contracted to purchase POS-GRIP gas platform production wellhead systems for the US$4.1 billion Shah Deniz development, one of the major gas fields in the Caspian Sea. Between 2005 and the end of 2008, the Directors estimate that this relationship has and will generate revenues in excess of £6.5 million for the Group.

The Directors believe that its admission to AIM and the resulting raised profile, combined with access to additional working capital facilities, will accelerate the roll out of POS-GRIP technology as a superior alternative to current wellhead technology. It has particular advantages in High Pressure / High Temperature (HP/HT) oil and gas environments for which there is increasing demand throughout the world. The Company's long term goal is to develop POS-GRIP technology as the future industry standard for wellhead design. This objective includes the distribution of POS-GRIP technology through licensees to maximise market penetration. The Directors believe that over time the Plexus Group can become a member of the ‘first tier' of global wellhead systems suppliers.

http://www.plexusplc.com/

Good to see the directors purchasing stock. Sends out good vibes.

Looking like investors have seen the huge potential of this company.

A buy in this weeks shares mag. £6.2 m worth of new contracts won since 28 Sept 2012. Enjoying a virtuous circle of contract wins delivering higher earnings which in turn supports investment in new capacity and therefore even more new work.
Demand currently 'outpacing capacity to deliver' according to chief executive officer Ben Van Bilderbeek. In response Plexus has outlined plans to increase its rental well-head inventory.
The company should be able to fund the majority of the expansion out of cash flow but also has a largely undrawn £6m lending facility on hand.

I see they are advertising for staff on the company web site .

Still ticking up, buys 3/1 sell

Very close to £3 now, strong purchasing again today.

;-))

This share has climbed from 90p in January to 290p this week. Sp dropped in the last couple of days. The company looks a great growth company for the future. Will sit this one out. AUDYOR.

Recovering well.

MMs perhaps running low on shares and so the sp dropped . MVO. There being only 83 million shares

Some big buys late today.

dreamcatcher

nice to see you are making money,
now are you aware of the PE this company is?

Historic EPS of 2.99p of over 90 times at 273.50p yes 91.47

margins of 70.90%

on my eyes I can not see continuing with such a good record before competitors take some business away.

I certainly do not like to invest on such a high rating even if we look forward to halving the PE for next year

but good luck

Appreciate your comments Majicjoe.At 30/6/10 They had a P/E of 69.89. This is the only company with such a high P/E in my portfolio (to risky for more)Big rewards if it comes right and a loss if it does not. I do not tend to sit in a company long . I stand to be corrected, as you can see I have invested
in a large number of company's over the last few months and cannot read heavy into every company. . They are working on a huge project with oil companies behind the scenes . If they can keep up with the orders this company could be huge or even be taken out.



QUESTION 8: Are POS-GRIP wellheads only available from
Plexus?
ANSWER: No. Plexus has offered to license the method of POS
-GRIP engineering to all wellhead manufacturers.
POS-GRIP technology is proprietary and therefore only currently available
from Plexus. We however recognize the critical nature of the technology
as operators venture into unconventional territory. Plexus has offered nonexclusive
licenses to all wellhead manufacturers. Our assessment of the
manufacturing savings available from the technology suggests that our
license fees are cost neutral.

Some facts off their own site -

http://www.posgrip.com/pdfs/FAQ_Nov2012.pdf

Still huge news to come / if this comes off it saves 100s of millions of dollars-SUMMARY


The POS-GRIP friction grip method of engineering has numerous applications
beyond wellhead applications such as riser connections, intervention systems
and tanker mooring systems. Plexus are currently working on a number of
R&D projects such as;
POS-GRIP HP/HT Tie Back Connector -This project is currently in the testing
phase and when available will allow operators to pre-drill HP/HT production
wells and tie-back to a platform. Conservative savings to be realised by
operator iin the region of $120m USD per well.
POS-GRIP M2S HP/HT Subsea Tie Back Wellhead -This project offers dual
barrier protection
POS-SET Conductor Tie-back Connector - Testing on-going for North Sea
Operator to enable tie-back from rough-cut conductor stump at seabed.
POS-GRIP HGSS Deepwater Subsea Wellhead-Supported by Operators
within the Joint Industry Project, formed in Q4 2011 with expected trial well in
Q4 2013.

Fully understand -

Companies can and should be expected to improve upon their profits (that’s called company growth) and that’s why investors will pay a premium for a company (expectations for future earnings). But buying stock in a company with a high P/E ratio can often back-fire on the investor. High P/E indicates that the market has already taken notice of the company and that you are buying in at a high-price (a premium). There is not much room for error: if the company slips up even a little bit, then there’s a lot of room for you to lose money.

Majicjoe thanks for your comments they are much appreciated.

Total Joins Plexus' Subsea Wellhead Project
RNS
RNS Number : 9171T
Plexus Holdings Plc
20 December 2012


http://www.moneyam.com/action/news/showArticle?id=4507629


This follows previous news releases dated 19 June 2012, 6 January 2012 and 21 November 2011 announcing that Maersk Oil North Sea UK Ltd, Shell International Exploration and Production B.V., Wintershall Noordzee B.V., Tullow Oil, Eni S.p.A, Oil States Industries Inc., and the UK entity of the world's largest offshore drilling company, have all signed up as consulting partners to the JIP.


the installation time savings alone could be greater than the capital value of the equipment.

up 4%

Plexus has been put forward in the Shares mag UK stock market awards 2013.

The company is in the Best oil and gas plc along with Afren, Amerisur reources,BP,iofina.

The awards will also seek to answer who is truly creating shareholder value ?
The winners in each sector will be judged on their ability to allocate capital in the most effective manor possible. They will be scored on how well they balance risk with reward and ranked by their track record at generating the earnings or dividend growth that inturn yields the optimal total shareholder return.
Awards presented 18 Feb 2013.

May fall further, I hope its reached the bottom.

7% up