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/

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

A speculative buy in this weeks IC

A buy in this weeks IC - The Plexus growth story has some way to run yet.

A buy in this weeks Shares mag as well, a double page feature

Additional GBP1million Well Order from GDF Suez

RNS


RNS Number : 3751F

Plexus Holdings Plc

23 May 2013






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

23 May 2013

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

Additional £1 million Well Order from Gaz de France Suez



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 it has received a purchase order worth circa £1 million from Gaz de France Suez E&P UK Ltd ('GDF'), a leading oil and gas company, to supply its POS-GRIP High Pressure High Temperature ('HP/HT') wellhead system for exploration activities in the UK North Sea. Revenue from this order has recently commenced.



The new purchase order forms part of an existing contract with GDF, as announced on 8 August 2011. The purchase order is for the supply of the Company's POS-GRIP Twin Stack 13-5/8" 15M Surface Wellhead System for the Taggart well where drilling has commenced. A second purchase order with a similar value is anticipated for a further well where drilling would be due to start in the last quarter of 2013. The Company has been supplying GDF with its wellhead equipment since 2007, initially in the North Sea and subsequently in the Egyptian region of the Mediterranean Sea.



Plexus CEO Ben van Bilderbeek said, "These new purchase orders further cement our dominant position in the provision of HP/HT wellhead equipment in the North Sea, an area enjoying a significant pick-up in investment levels and drilling activity. GDF is yet another blue chip customer that has awarded Plexus repeat business, an endorsement of the best in class qualities of our proprietary wellhead equipment in terms of performance, durability and safety. The exceptional track record of our technology has seen us increasingly win business in other areas of the world, notably West Africa and Asia. We are highly confident we can replicate our success in the North Sea and establish Plexus as the leading supplier of wellhead equipment on a global basis and, in the process, generate substantial value for shareholders."



**ENDS**

Plexus Holdings secures additional 1.0m-pound well order
Thu 23 May 2013

Plexus Holdings secures additional 1.0m-pound well order LONDON (SHARECAST) - Plexus Holdings, the AIM-listed oil and gas engineering services business, has received a purchase order worth approximately 1.0m pounds from oil and gas company Gaz de France Suez E&P UK (GDF) to supply its POS-GRIP High Pressure High Temperature wellhead system for exploration activities in the UK North Sea.

Plexus said that the new purchase order formed part of an existing contract with GDF, as announced on August 8th 2011. The purchase order is for the supply of the company's POS-GRIP Twin Stack 13-5/8" 15M Surface Wellhead System for the Taggart Well where it said drilling had commenced.

The company added that a second purchase order with a similar value is anticipated for a further well where drilling would be due to start in the last quarter of 2013.

The company has been supplying GDF with its wellhead equipment since 2007, initially in the North Sea and subsequently in the Egyptian region of the Mediterranean Sea.

Ben van Bilderbeek, Chief Executive Officer of Plexus, commented: "GDF is yet another blue chip customer that has awarded Plexus repeat business, an endorsement of the best in class qualities of our proprietary wellhead equipment in terms of performance, durability and safety."

He added: "The exceptional track record of our technology has seen us increasingly win business in other areas of the world, notably West Africa and Asia. We are highly confident we can replicate our success in the North Sea and establish Plexus as the leading supplier of wellhead equipment on a global basis and, in the process, generate substantial value for shareholders."

Plexus’ share price was up 1.94% to 210p at 15:03 on Thursday.

GBP 2M Contract Win Det Norske

RNS


RNS Number : 6001G

Plexus Holdings Plc

10 June 2013






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

10 June 2013

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

Additional £2 million Two Well Order from Det Norske Oljeselskap



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 it has signed a new contract for two wells from Det Norske Oljeselskap ASA ('DetNor'), a leading oil and gas company, to supply its POS-GRIP High Pressure High Temperature ('HP/HT') wellhead system for two exploration wells in the Norwegian Continental Shelf worth a total of approximately £2 million. Revenues are expected to commence in July 2013 and are estimated to extend over a 12-18 month period.



The contract is for the supply of the Company's POS-GRIP HP/HT 18-3/4" 15M Surface Wellhead System and Mudline Casing Support for two wells to be drilled from the Maersk Giant rig, the first of which is due to spud later this calendar year. The second DetNor well is expected to commence drilling within 16 months. Currently eight wells are scheduled to be drilled on the Maersk Giant rig, six of which will be using Plexus' equipment, including the Frode well operated by Talisman Energy Inc which is currently drilling.



DetNor has previously used the Company's POS-GRIP wellhead equipment during a separate drilling campaign off the Maersk Guardian rig, also in the Norwegian North Sea, in 2012 when it was a part of the consortium that included Centrica and Faroe Petroleum plc (AIM: FPM) which drilled three wells, as previously announced on 29 March 2011.



Plexus CEO Ben van Bilderbeek said, "In recent months, the accelerating level of oil and gas exploration and development activity in the North Sea has been well-documented. Thanks to a dominant position in the provision of HP/HT wellhead equipment in this region, Plexus is already seeing evidence of this increased investment in the form of contract wins including this award by Det Norske. As a result of our success to date, we are well placed to win further repeat and new business both in the North Sea and other parts of the world where our reputation within the industry as a supplier of wellhead equipment with the highest standards of safety, reliability, time saving capabilities and performance is growing. I look forward to providing further updates on our progress in due course."



**ENDS**

New POS-GRIP Customer eni Australia

RNS


RNS Number : 2795I

Plexus Holdings Plc

02 July 2013








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

2 July 2013

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

New Customer eni Australia POS-GRIP Rental Contract Win



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, known for its safety, time and cost saving capabilities, announces it has been awarded its first contract with eni Australia Limited ('eni Aus'), a subsidiary of eni S.p.A, a world leading energy company based in Italy. The contract is for the supply of 10,000psi POS-GRIP wellhead technology with mudline casing support and services, initially for one exploration well offshore Australia. The contract is estimated to be worth £280,000, with revenues commencing in September 2013, and includes an option for the continuing use of Plexus wellhead and mudline equipment which is anticipated to lead to a further three wells with an additional estimated value of £1 million.



This contract falls within the Plexus' licensing, manufacturing, distribution, and agency agreement with Breda Energia S.p.A ('Breda'), a provider of specialist products and services to the oil and gas sector worldwide (see press release 05.12.11). The agreement granted Breda with exclusive rights to manufacture, rent, sell and service POS-GRIP exploration and production wellheads and other related POS-GRIP products exclusively to eni S.p.A.



Not only is this Plexus' first contract with eni S.p.A, it is the first contract to be secured under its licencing and distribution agreement with Breda; and marks the Company' third contract to be awarded in Australia.



Plexus' CEO Ben Van Bilderbeek said, "This is a significant contract win for Plexus and we believe confirms the licencing and distribution agreement that we signed with Breda as being commercially enhancing for the Company. We hope to build on our relationship with both eni and Breda, building on Plexus' solid reputation for supplying wellhead equipment with increased safety and technical benefits, and hope this will open up a number of additional sales opportunities for Plexus that have not been previously available, particularly in Europe.



"Moreover, this marks another contract win for Plexus in Australia which is proving to be an important market for the company to grow its footprint in a region that is seeing an increasing level of activity in the oil and gas sector."

GBP 2.5M POS-GRIP Contract Win - Statoil

RNS


RNS Number : 7390J

Plexus Holdings Plc

22 July 2013








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

22 July 2013

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

Additional £2.5 million Order from Statoil Petroleum AS



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, known for its safety, time and cost saving capabilities, is pleased to announce it has been awarded a contract for the supply of surface exploration wellhead & mudline equipment services, worth approximately £2.5 million from Statoil Petroleum AS, ('Statoil'), a leading oil and gas company. Under the terms of the contract, Plexus will supply its POS-GRIP High Pressure High Temperature ('HP/HT') wellhead system for two exploration wells in the Norwegian Continental Shelf. Revenues are expected to commence in Q3 2014 and the contract period is estimated to extend over a two and a half year period.



The contract is for the supply of the Company's POS-GRIP HP/HT 18-3/4" 15K Wellhead System and Plexus TRT-S Casing Support Mudline System for the two wells. Both HP/HT wells will be drilled using a jackup installation and will require a mudline system to support the casing weight. By electing to use Plexus' wellhead system for these HP/HT wells there is no need for the operator to remove the Blow-out Preventer during operations, a key safety benefit. The contract initially includes two wells, and in addition there are two options for Statoil to extend the contract, with each option lasting for a two year period.



Plexus' CEO Ben Van Bilderbeek said, "Due to the technical nature and extreme operating environment, Plexus' equipment, with its proven track record in terms of safety, reliability and performance, was well placed to win this contract. Statoil are recognised as operating at the pinnacle of operational and equipment safety standards and requirements and as a result this contract win is particularly encouraging.



"So far this year, we have announced six contracts to supply our best in class wellhead systems to leading operators such as Statoil. These contracts clearly illustrate the momentum behind the Company and in turn the growing recognition by the industry of the superiority of our equipment, which we are confident will extend to POS-GRIP applications beyond our organic exploration rental business."



**ENDS**

25% interest in UK Private Engineering Co acquired

RNS


RNS Number : 8831J

Plexus Holdings Plc

23 July 2013






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

23 July 2013

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

Purchase of 25% Shareholding in UK Private Engineering Company



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, known for its safety, time and cost saving capabilities, announces that it has acquired the whole issued share capital of a private company which holds a 25% interest in a private UK engineering company which is a manufacturer of specialist oil and gas equipment. The consideration for the purchase is £725,000.



Plexus' CEO Ben Van Bilderbeek said, "Plexus has become a leading supplier of wellhead equipment in the niche high pressure/high temperature market, for which there is an increasing demand as oil and gas exploration and production becomes evermore technically challenging. With this in mind, we believe this acquisition complements our on-going growth strategy, as we continue to secure rental exploration contracts with global blue-chip clients for our leading POS-GRIP wellhead technology, and address the significant commercial opportunities in the surface production and subsea wellhead market sectors."



**ENDS**

A mention in SM today -We retain faith in the long -term potential of well-head technology play Plexus, Although a very full valuation may help to explain its 31.6%
year-to-date fall.

Pre-Close Trading Update

RNS


RNS Number : 4147K

Plexus Holdings Plc

30 July 2013






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

30 July 2013

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

Pre Close Trading Update



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, known for its safety, time and cost saving capabilities, announces that following the end of the Company's financial year on 30 June 2013, the Board anticipates that the full year results, which are subject to external audit, will be well ahead of current market expectations. The Company intends to announce its full year results in the second half of October 2013.



Plexus' Chief Executive Ben van Bilderbeek said, "I am delighted to report that this last financial year has seen strong year on year growth in revenues, margins, and profitability. The excellent performance reflects continued demand for our best in class POS-GRIP wellhead equipment that delivers proven safety, functionality and cost effectiveness benefits. The high level of new and repeat orders we have reported over the course of the year with blue chip oil and gas operators around the world for our rental POS-GRIP exploration wellheads, illustrates the momentum behind our business as more operators experience the multiple benefits and advantages that our equipment has to offer.



"Looking ahead, the Company is on course to bring its high pressure/high temperature ('HP/HT') tie back connector joint industry project ('JIP') to a conclusion in the coming months. In addition, the Company's exciting HGSS™ new subsea wellhead design JIP is also progressing well with the testing of the prototype due for completion in mid-2014, and will extend our product range into this multi-billion dollar market. Importantly this subsea project addresses a number of key safety and operational challenges such as annulus pressure management that conventional subsea wellhead equipment has to date not resolved, but which are gaining increasing prominence amongst industry leaders such as Oil and Gas UK, Scottish Enterprise, and ITF, a not for profit organisation owned by 30 global oil majors and oilfield service companies.



"With the above developments in mind, the Board is confident that the strong momentum behind the Company will continue into the current financial year and beyond, and we look forward to updating the market on our progress."





**ENDS**

Good recovery on the trading update.





Plexus sees FY results well ahead of market view

StockMarketWire.com

Plexus Holdings said it anticipates its full-year results for the period to end-June will be well ahead of current market expectations.

"Looking ahead, the Company is on course to bring its high pressure/high temperature ('HP/HT') tie back connector joint industry project ('JIP') to a conclusion in the coming months," said CEO Ben van Bilderbeek.

"In addition, the Company's exciting HGSS new subsea wellhead design JIP is also progressing well with the testing of the prototype due for completion in mid-2014, and will extend our product range into this multi-billion dollar market," he said.

"Importantly this subsea project addresses a number of key safety and operational challenges such as annulus pressure management that conventional subsea wellhead equipment has to date not resolved, but which are gaining increasing prominence amongst industry leaders such as Oil and Gas UK, Scottish Enterprise, and ITF, a not for profit organisation owned by 30 global oil majors and oilfield service companies."



Story provided by StockMarketWire.com

Good rise today, fast getting back to its highs.

A good day for Plexus up 9.67%