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/

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

GBP0.7million New Contract Win with Glencore
RNS
RNS Number : 5238V
Plexus Holdings Plc
15 January 2013



Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

15 January 2013

Plexus Holdings PLC ('Plexus' or 'the Company')

£700,000 New Contract Win with Glencore for Supply of POS-GRIP® HP/HT Wellhead Equipment



Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has agreed to supply its high pressure/high temperature ('HP/HT') POS-GRIP wellhead equipment, subject to finalisation of the contract, to Glencore Exploration Cameroon Ltd ('Glencore'), the leading integrated commodities producer and marketer, for drilling a gas exploration well offshore Cameroon. The contract will have an estimated initial value of circa £700,000.



The order is initially for one well with an option to increase this to three. This is the first contract Plexus will enter into with Glencore, and it is anticipated that revenues will commence in March 2013. The exploration drilling programme will utilise Plexus' POS-GRIP HP/HT 18-3/4" 15,000 psi wellhead equipment, and this contract further strengthens the Company's growing presence in West Africa, and Cameroon in particular.



Plexus CEO Ben Van Bilderbeek said, "This first contract to supply our POS-GRIP wellhead equipment to Glencore adds another blue chip operator to our broad customer base, and provides further evidence of Plexus' high standing in the oil and gas industry as a supplier of best in class equipment in terms of operational performance and safety. In the last few months, we have announced contract wins in three continents, Asia, Europe, and Africa, illustrating how our patented technology continues to gain traction worldwide. I look forward to providing further updates on our progress as we look to continue to grow Plexus' share in the multi-billion exploration and production market, both surface and subsea, and in the process generate added value for all our shareholders."

One of five company's picked this week by IC for further upside. Work is stacking up for this company for its surface wellhead technology as its 'best in class 'reputation grows. Growth will be transformed by its project to adapt its technology for subsea
wellheads. The company and oil majors as development partners (shell,Total) has fuelled the belief that there is significant commercial potential in the venture.

Winners of Entrepreneur of the Year 2013
RNS
RNS Number : 8694W
Plexus Holdings Plc
01 February 2013



Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

1 February 2013

Plexus Holdings PLC ('Plexus' or 'the Company')

Winners of 'Entrepreneur of the Year 2013' Award at Grant Thornton's Quoted Company Awards



Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that its CEO and founder, Ben Van Bilderbeek has been awarded the 'Entrepreneur of the Year 2013' award at the annual Grant Thornton Quoted Company Awards, presented on 30 January 2013 at the Natural History Museum in London.



Plexus is an AIM quoted UK oil and gas engineering company which has pioneered a safer, more cost effective, reliable and technically superior wellhead using its proprietary POS-GRIP® technology. Mr Van Bilderbeek invented the friction grip method of wellhead engineering, and its first patents date from 1997. He has more than forty years' experience in the industry in engineering and management roles and previously held senior positions with Vetco Offshore Industries (now owned by GE), Dril-Quip and Ingram Cactus. Ben went on to form his own oil and gas consultancy in 1982 and in 1986 he founded Plexus and went on to merge with Ingram Cactus Co. which was later acquired by Cameron. Ben subsequently invented, developed and commercialised POS-GRIP technology, and Plexus Holdings plc was admitted to the London Stock Exchange AIM market in December 2005.



Increasingly, major oil and gas companies are using Plexus' proprietary wellhead equipment as the best available and safest technology ('BAST') solution for HP/TH exploration applications. Plexus to date has supplied its POS-GRIP wellhead systems on more than 300 wells worldwide, operated by global blue chip companies including BG, BP, ConocoPhillips, Gaz de France, Maersk, Repsol, Shell, and Statoil, to name a few, which is a testament to the technical and safety benefits to be derived from the technology.



Importantly, Plexus has established a Joint Industry Project at the request of a number of major oil and gas operators to take its POS-GRIP technology from the surface to subsea, and to address a number of systemic design deficiencies, which came into focus post the Macondo incident in the Gulf of Mexico. The new 'HGSS' wellhead design will incorporate an 18 ¾-in. full-bore system, rated to 15,000 psi and 350°F and upgradeable to 20,000 psi and 450°F; 4 million lbs of instant casing hanger lockdown capacity; annulus monitoring and bleed-off capability to address sustained casing pressure, with diagnostic and remedial capability; and the ability to open and reseal the casing annulus to enable remedial cement jobs. Plexus believes that this design will in time be proven to be BAST for subsea wellhead applications.



Plexus believes that the industries awareness and acceptance of the friction-grip method of engineering over a range of applications will continue to ensure that its organic business will grow, whilst a range of exciting strategic opportunities will present themselves in the future.



The Entrepreneur of the Year 2013 award recognises the entrepreneur at the helm of a young growing company whose flair, professionalism, dedication and opportunism has radically improved the trading prospects and the status of the company.



CEO Ben van Bilderbeek said, "I am delighted to accept this award on behalf of my management team and staff who have helped to build Plexus to where it is today. We all look forward to focusing on delivering the many value creating opportunities that will present themselves in the future."



**ENDS**

GBP 1.5m Extension of Contract with Maersk Oil
RNS
RNS Number : 7473X
Plexus Holdings Plc
13 February 2013



Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

13 February 2013

Plexus Holdings PLC ('Plexus' or 'the Company')

£1.5 million Extension of Contract with Maersk Oil North Sea UK Limited



Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, is pleased to announce that Maersk Oil North Sea UK Limited ('Maersk Oil UK') has agreed to exercise two, one year extension options attached to an original contract awarded to Plexus to supply its High Pressure/ High Temperature ('HP/HT') POS-GRIP® wellhead technology, casing support and mudline suspension services for an exploration programme in the North Sea. The initial contract was announced on 15 December 2009 with an estimated value of £3 million for three wells over a period of three years. Following the exercise of the two extension options the contract has, subject to finalisation now been increased by a minimum of one well with an estimated value of £1.5 million, and will run to the end of 2014.



Under the original contract, Plexus supplied Maersk Oil UK with its POS-GRIP, HP/HT 18.75 inch single stack wellhead on a rig equipped with an 18-3/4" 15M blow out preventer for use on three wells. The extension of the contract is initially for one exploration well in the UK's central North Sea which will utilise Plexus' HP/HT 18-3/4" 15,000psi Thru' Rotary Surface Wellhead system. Revenues are anticipated to commence in August 2013.



Plexus CEO Ben van Bilderbeek said, "This contract extension further strengthens Plexus' market leading position in HP/HT jack-up rig wellhead equipment and service provision in the North Sea. Plexus has become a leading supplier of HP/HT wellhead equipment in the North Sea, thanks to the proven superiority of our POS-GRIP technology in terms of safety, performance, and cost which is increasingly being recognised by the industry. As a result we are highly confident that, as we continue to build our presence in other areas of operations such as Asia and Africa, Plexus' POS-GRIP technology will become the equipment of choice on an industry wide and global basis."



**ENDS**

Winners of Best Oil & Gas Plc Award
RNS
RNS Number : 1424Y
Plexus Holdings Plc
19 February 2013



Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services

19 February 2013

Plexus Holdings PLC ('Plexus' or 'the Company')

Winners of 'Best Oil and Gas Plc' Award at the Stock Market Awards 2013



Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, is pleased to announce that it has been awarded the 'Best Oil and Gas Plc' award at the annual Stock Market Wire Awards, presented on 18 February 2013 at the HAC, Armoury House in London.



The Best Oil and Gas Plc award recognises a publically listed oil and gas company which balances risk with reward to generate the earnings or dividend growth that in turn yield the optimal total shareholder return. The award is stated to have been judged on excellent financial performance and strategic and operational development and a robust total shareholder return during 2012.



Plexus has pioneered a safer, more cost effective, reliable and technically superior wellhead using its proprietary POS-GRIP® technology. Increasingly, major oil and gas companies are utilising Plexus' proprietary wellhead equipment as the best available and safest technology ('BAST') solution for High Pressure/High Temperature ('HP/HT') oil and gas exploration applications. Plexus to date has supplied its POS-GRIP wellhead systems on more than 300 wells worldwide, operated by global blue chip companies including BG, BP, ConocoPhillips, Gaz de France, Maersk, Repsol, Shell, and Statoil, which is a testament to the technical and safety benefits to be derived from the technology.



Plexus also has established a Joint Industry Project ('JIP') at the request of a number of major oil and gas operators to develop and commercialise a new and safer subsea wellhead, utilising Plexus' patented POS-GRIP technology. The JIP is focussed on developing a new subsea wellhead, HGSS, to address key technical issues and requirements highlighted by regulators following the Gulf of Mexico incident in April 2010. The new 'HGSS' wellhead design will incorporate an 18 ¾-in. full-bore system, rated to 15,000 psi and 350°F and upgradeable to 20,000 psi and 450°F; 4 million lbs of instant casing hanger lockdown capacity; annulus monitoring and bleed-off capability to address sustained casing pressure, with diagnostic and remedial capability; and the ability to open and reseal the casing annulus to enable remedial cement jobs. Plexus believes that this design will in time be proven to be BAST for subsea wellhead applications.



CEO Ben van Bilderbeek said, "This award is yet another endorsement of the great strides Plexus is making within the oil and gas services arena and evidence that Plexus' reputation within the oil and gas industry as a supplier of best in class wellhead equipment, in terms of operational performance and safety, is gaining traction. With this in mind, I am delighted to accept this award on behalf of the Company's management, fellow employees and stakeholders who have been incremental in building Plexus to where it is today."



**ENDS**

Interim Results

Highlights



Financial

· 21% increase in sales revenue to £11.3m (2011: £9.3m)

· 12% increase in EBITDA to £3.4m (2011: £3.0m)

· 18% increase in profit before tax to £1.7m (2011: £1.5m)

· 133% increase in capital investment of £3.9m (2011: £1.7m) - of which £3.1m (2011: £0.9m) was wellhead rental inventory

· 35% increase in Research and Development ('R&D') to £0.64m (2011: £0.47m)



Operating

· Strong forward order book for POS-GRIP rental wellhead equipment due to a number of new contracts from both existing and first time international oil and gas operators, particularly for high pressure high temperature ('HP/HT') applications

· Evidence of increased activity and investment levels in the North Sea, particularly in the Norwegian sector where new HP/HT customer wins with Lotos Exploration & Production Norge AS ('Lotos'), and Lundin Norway AS ('Lundin'), and additional purchase orders from Talisman Energy Inc. ('Talisman') for both HP/HT and standard pressure wells under an existing contract have been secured

· Four year multi-well follow-on contract with Brunei Shell Petroleum Sdn Bhd ('Shell Brunei') for the supply of HP/HT and standard pressure wellhead equipment in Brunei with an initial value of circa £2m

· Post period end:-

Ø Contract being finalised with new customer Glencore Exploration Cameroon Ltd ('Glencore') for the supply of HP/HT equipment

Ø Two year contract extension awarded by Maersk Oil North Sea UK Limited ('Maersk') for the supply of HP/HT equipment, initially for one well with a value of circa £1.5m

· Joint Industry Project ('JIP') to develop and commercialise a new and safer POS-GRIP subsea wellhead ('HGSS'™) continues to gain momentum and secures further industry recognition with Total E&P Recherche Developpement SAS ('Total') in December joining existing consulting partners ENI S.p.A, Maersk, Shell International Exploration and Production B.V. ('Shell'), Tullow Oil plc, Wintershall, and Oil States Industries Inc.

· Growing number of initiatives within the industry in relation to the need for new and superior technology, in many instances encouraged by various regulatory pressures and the importance of 'BAST' (use of the best and safest available technology), where exploration and production activities are moving to more complex and hostile environments, and in particular for 20,000 psi and subsea applications







http://www.moneyam.com/action/news/showArticle?id=4562613