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/

Contract Win - BG Egypt

RNS


RNS Number : 5944Q

Plexus Holdings Plc

16 October 2013






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

16 October 2013

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

Further Contract Win with BG Egypt for POS-GRIP Wellhead Supply



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 a contract with BG International Egypt, a division of BG Group plc ('BG Group'), a leading oil and gas operator in the global energy market, for the supply of its POS-GRIP wellhead technology (10,000 psi) and services for oil drilling activities offshore Egypt. The contract is worth up to £350,000 with revenues expected to commence in the second quarter of Plexus' 2014 financial year.



This contract win extends Plexus' working relationship with BG Group, having previously worked together in Egypt and in the North Sea. Additionally, the Board believes this agreement further strengthens Plexus' presence and reputation in the region having worked with GDF SUEZ Egypt, and Shell Egypt in the country previously.



Plexus' CEO Ben Van Bilderbeek said, "This marks a significant win for Plexus as our POS-GRIP wellhead system was chosen for this work, highlighting firstly, the safety, reliability and performance of our POS-GRIP wellhead systems, which have been supplied to over 300 wells worldwide.



"This is a truly exciting time in our Company's development as we continue to win contracts for the supply of our niche POS-GRIP wellhead exploration rental systems for both low and high pressure oil and gas activities, and in turn increase our global reach and reputation. In addition, we are making great strides with our joint industry partner ('JIP') project where we are working alongside six major oil and gas companies to develop and commercialise a new 'HGSS' and safer subsea wellhead, utilising Plexus' patented POS-GRIP technology. The JIP is progressing well and has completed the design process and we are now in the process of building test fixtures. We believe our entry into the subsea market will be a major milestone for the Company as we position Plexus over the long term as the best in class wellhead supplier across oil and gas exploration, both for surface and subsea applications."



**ENDS**

golfinger, next earnings announcement 22 Oct 13 .

Yes the PE ratio is even more demanding as at today. For the year to 30 June 13 it was 59.7, much less than the current 87 odd. Cannot find a 2014/15 forward PE.



The continuing search for oil in ever more inaccessible parts of the ocean bed is presenting significant challenges and, aggravated by Deepwater Horizon, new regulatory requirements for underwater high-pressure high-temperature (HPHT) surface exploration drilling. Broker Cenkos calculates that the market value of the subsector is around $7.2 billion at present, rising to a value of circa $12bn by 2014. Of this, the addressable market for Plexus they estimate to be between one third and one half of the total: $2bn-$3.5bn in 2011 growing to $4bn-$6bn in 2014.

Cheers DC, appreciated.

Final Results

RNS


RNS Number : 1440R

Plexus Holdings Plc

23 October 2013






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

23 October 2013

Plexus Holdings plc ('Plexus' or 'the Group')

Preliminary Results for the year to 30 June 2013



Plexus Holdings plc, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® method of wellhead engineering, announces its preliminary results for the year ending 30 June 2013.



Results

· Record revenue, EBITDA, profit before tax and profit after tax

· 29.7% increase in revenue to £25.57m (2012: £19.71m)

· 38.3% increase in profit before tax to £4.27m (2012: £3.09m)

· 25.7% increase in profit after tax to £3.06m (2012: £2.43m)

· 21.8% increase in EBITDA to £7.60m (2012: £6.24m)

· 23.6% increase in basic earnings per share to 3.69p (2012: 2.99p)

Highlights

· Strong sales revenues as a result of POS-GRIP® friction-grip rental wellhead equipment continuing to gain market share following contract wins with a number of new international oil and gas operators, and existing customers

· Growing evidence of heightened awareness for the need to adopt the best available and safest technology ('BAST') driven by regulator and industry bodies leading to calls for initiatives to solve long term challenges such as subsea annulus monitoring and management

· Further industry support secured for on-going Joint Industry Project ('JIP') for the development of the new Plexus POS-GRIP HGSS™ subsea wellhead design, with Total E&P Recherche Developpement SAS ('Total') signing up as an additional consulting partner alongside existing partners Eni S.p.A. ('Eni'), Maersk Oil North Sea UK Ltd ('Maersk'), Shell International Exploration and Production B.V. ('Shell'), Tullow Oil plc ('Tullow'), and Wintershall Noordzee B.V. ('Wintershall')

· Secured initial High Pressure/High Temperature ('HP/HT') contracts from three new customers totalling £3.7m: Lotos Exploration and Production Norge AS ('Lotos') for £1.0m, Lundin Norway AS ('Lundin') for £2.0m, and Glencore Exploration Cameroon Ltd ('Glencore') for £0.7m

· HP/HT contract wins with existing customers included Talisman Energy Inc. ('Talisman') for £1.15m, Maersk for £1.5m, Gaz de France Suez E&P UK Ltd ('GDF') for £1.0m, and Det Norske Oljeselskap ASA ('DetNor') for £2.0m

· Additional 4 year multi-well contract secured with Brunei Shell Petroleum Sdn Bhd ('Shell Brunei') for the supply of standard pressure and HP/HT exploration wellhead equipment with an initial value of circa £2.0m

· Post period end secured a first time contract with new customer Eni Australia Limited ('Eni Aus') for the supply of standard pressure equipment, an HP/HT contract from Statoil Petroleum AS ('Statoil') for £2.5m, a standard pressure contract for Centrica Energy Norway ('Centrica') for £0.75m, and an additional standard pressure contract for BG International Egypt ('BG Egypt') for £0.35m

· Post period end acquisition of a 25% interest in a private manufacturer of specialist oil and gas equipment for a consideration of £0.73m

· Post period end, HP/HT Tie-Back has successfully completed the full 'internals' testing cycle and will be shortly completing the 'externals' testing requirements after which we will begin to engage through the sales team with the industry

· Initiatives underway to strengthen Plexus presence in the important Asian region, particularly Singapore, Malaysia, and Brunei with new subsidiaries incorporated in Singapore and Brunei

· Capital investment, primarily in additional wellhead rental inventory sets, increased by 76.2% to £8.14m (2012: £4.62m)

· Research and Development ('R&D') spend, excluding costs of building new test fixtures, increased by 22.0% to £1.46m (2012: £1.20m)

· Renewal of bank facilities in October 2013 of £5m credit facility on a three year revolving basis with an additional £1m overdraft on a yearly term

· The Board is today proposing a 10% increased final dividend of 0.55p per share (2012: 0.5p), which will be subject to shareholder approval at the Annual General Meeting ('AGM') to be held on 5th December 2013. That follows on from the 12.8% increase in the interim dividend (to 0.44p) making a total dividend for the financial year of 0.99p per share. If approved the final dividend will be paid on 13th December 2013 to all members appearing on the register of members on the record date 1st November 2013. The ex-dividend date for the shares is 30th October 2013

Plexus invests for further growth after record full year results

Wed, 23 October 2013


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Market demand for its Pos-Grip offshore oil drilling technology drove strong full-year revenue and profit growth ahead of forecasts at engineer Plexus.

Profits before tax gushed 38% to £4.3m from sales that spurted 30% higher to £25.6m in the year to end-June, leading to 24% earnings growth to 3.69p per share and a 10% increase in the dividend to 0.55p per share.

The AIM-listed company secured initial contracts for its safer deep-sea High Pressure/High Temperature (HP/HT) product from three new customers totalling £3.7m, as well as wins with existing customers including Shell, Maersk and Gaz de France Suez.

Chief Executive Ben van Bilderbeek said: "I believe our proprietary patented technology places us in a unique position to benefit from industry demands both in terms of safety and operational capability".

Plexus invested £5.7m in new units for its rental supply business, which has been validated post year end as wellhead rental exploration activity has remained “buoyant”.

Shares in Plexus were up 3.4% to 255.75p at 12:35 on Wednesday.

A buy in this weeks IC - The oil and gas services engineering group's propriety POS-GRIP method of well-head engineering is rapidly becoming an essential piece of kit as more complex and riskier drilling operations boost demand for better safety equipment. The POS-GRIP well-head connector sits on top of a well and provides protection against blow-outs and the effects of high temperatures. Crucially it allows components to be passed into the well without removing the blow-out protector.
Plexus is also developing ways of translating surface technology for subsea use and its Tie-Back product has now passed through its final testing phase. Broker Cenkos is likely to upgrade its forecasts on the back of recent figures.

MIDAS UPDATE: 380% gain for Plexus Holdings - the well technology firm that we tipped in Jan 2011


By Joanne Hart, Financial Mail On Sunday

PUBLISHED: 11:25, 27 October 2013 | UPDATED: 11:32, 27 October 2013


Plexus Holdings is a small British company with a ground-breaking technology that makes oil wells much safer than ever before.


Tipped by Midas in January 2011 at 55p, the stock is now 264p and brokers believe it has even further to go.


The firm has pioneered a way to seal wellheads, so they grip the pipes to which they are connected more securely. Wellheads come under enormous pressure when energy companies drill so it is critical that they are properly sealed.




Following the 2010 Gulf of Mexico disaster, oil firms and regulators are more aware than ever of the need for top quality equipment.


Plexus’s technology, known as Pos-Grip, is designed to offer a stronger seal, reducing the chance of leakage and the danger of blowouts, where oil bursts out of pipes.


Following the BP Gulf of Mexico disaster, oil firms and regulators are more aware than ever of the need for top quality equipment and Pos-Grip ticks all the right boxes.


The wellheads are already used by several large oil firms in difficult environments and chief executive Ben van Bilderbeek last week unveiled a 38 per cent rise in profits to £4.3 million for the year to June 30 and an 11 per cent increase in the dividend to 0.99p.


Now Plexus is working with major oil firms on designs that could be used for subsea exploration. It is also developing a wellhead that would enable some exploration wells to be converted to production wells, which could save companies hundreds of millions of pounds.

Midas verdict: Plexus is a small firm operating in a conservative industry. But van Bilderbeek is gaining support and the future looks bright. Investors might want to sell half their stock after a great run but keep the rest.

it certainly sounds a very interesting company, but volume is scarily low

(They are covered in the Midas report above and in the contents of the thread.) The P/E Ratio of 71.55 may make a few investors eyes water, but all in all could pan out very well.

Shares today - Look beyond Plexus rating.

While it may be trading on a rich rating investors should focus on the potential of Plexus joint industry projects. A progressive dividend policy adds to the attractions of the wellhead technology firm which generates quality earnings from its existing rental business. Based on house broker Cenkos forecast earnings per share for June 2014 financial year of 4.2p the £219m cap trades on a lofty price/earnings ratio of 61.6, while a predicted 1.2p dividend implies a modest prospective yield of 0.5%,
The equipment which Plexus rents out is based on its propriety POS-Grip technology and is principally used in conjunction with jack-up rigs on high pressure/high temperature wells. In response to growing demand here the group has added substantially to its rental inventory. As a result capital expenditure is up 76.2% year-on-year to £8.1m in the 12v months to 30 June. The investment drive has been largely funded out of net operating cash flow which totalled £7.8m for the period, so these costs will not repeat.
The eventual plan is to market the technology in the larger international production wellhead and subsea markets. A planned new class of system, offering a safer alternative to current subsea well heads, is being developed in partnership with the industry as part of a JIP. The new system has been given the moniker 'POS Grip HGSS' and the roster of the companies involved includes ENI, Royal Dutch Shell, Total and Tullow Oil. An initial prototype costing up to £2m is expected by the third quarter next year, Any intellectual property created through the JIP will be owned by Plexus and Cenkos puts the size of the addressable market here at $5 billion.
Another initiative , being pursued alongside Maersk, is the use of the firm's technology to convert exploration and pre-drilled production wells into either subsea or platform-producing wells. The company believes this could lead to savings for the exploration firm's of between £50m and £200m on each individual well.

Undoubtedly expensive, but the rating reflects the long-term growth prospects.

the problem with this stock is that it is totally illiquid and thus very very dangerous to try to trade

Centrica Production Well Contract Win

RNS


RNS Number : 3326T

Plexus Holdings Plc

19 November 2013






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

19 November 2013

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

Centrica Production Well 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 extended a contract with Centrica North Sea Gas Ltd ('Centrica') for the supply and sale of an additional POS-GRIP wellhead system (5,000 psi) and services for the GROVE 49/10a-4 (G1) production well in the southern North Sea. The contract is worth up to £850,000 with revenues expected to commence in the first quarter of Plexus' 2014 financial year.



This contract win is a significant milestone for Plexus as it continues to expand its wellhead offering from exploration drilling into the larger and more lucrative production market, where the Company sees considerable future growth potential. In addition it also highlights Plexus' strong working relationship with Centrica, with which Plexus has worked with over the past seven years in the North Sea region.



Plexus' CEO Ben Van Bilderbeek said, "We are delighted to have secured this production wellhead supply contract which not only underpins the strength of our POS-GRIP technology for its safety, reliability and performance but also our strategic expansion from exploration wellhead supply diversifying into larger markets.



"In line with this expansion strategy, we are also actively pursuing the subsea wellhead market where we believe significant commercial opportunities for Plexus exist. We are developing a new and safer subsea wellhead "HGSS", working alongside six major oil and gas companies and believe we are on track to deliver a transformational best in class subsea wellhead system for the future.



"As such this is a truly exciting time for Plexus as we continue to win contracts for the supply of our niche POS-GRIP wellhead jack-up rig rental systems, and continue to position ourselves as a significant wellhead supplier of choice across exploration, production and indeed subsea."



**ENDS**

In Ic this week covering all areas already covered in the thread. Game changer with 10 bagger innovations according to IC.

Additional Well Order from Glencore

RNS


RNS Number : 1935U

Plexus Holdings Plc

28 November 2013






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

28 November 2013

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

Additional 2 Wells with Glencore for Supply of POS-GRIP® HP/HT Wellhead Equipment with Combined Value of £1.6m



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 to Glencore Exploration Cameroon Ltd ('Glencore'), the leading integrated commodities producer and marketer, for drilling one exploration well known as Parrot, offshore Cameroon. In addition, a second call-off to supply wellhead equipment for an additional well, Malimbe, is currently being reviewed. The two call-offs will have a combined value of circa £1.6m.



These two new wells form part of Plexus' first contract entered into with Glencore, as announced on 15 January 2013, which was initially for one well with an option to increase this to three. The duration of the contract is two years and may be extended by both parties. Revenues have commenced and will continue into the 2014/15 financial year. As with the first well, the Parrot and Malimbe wells will utilise Plexus' POS-GRIP HP/HT 18-3/4" 15,000 psi wellhead equipment.



Plexus CEO Ben Van Bilderbeek said, "These additional contracts with Glencore are in line with Plexus' strategy to expand our core rental wellhead business globally into geographical areas such as Africa, Asia and Australia. This is our fourth contract in 2013 to supply leading operators, such as BG Group and ENI, with our proven POS-GRIP based wellheads outside our traditional area in the North Sea, where we have a dominant position in the HP/HT market. Having recently incorporated new subsidiaries in Asia to strengthen Plexus' presence in this region, we expect to secure more business outside Europe, as we look to build a leading global oil and gas wellhead company."



**ENDS**

Raised GBP6.83 Million

http://www.moneyam.com/action/news/showArticle?id=4717040

Newsletter.

New Product: The HP/HT Tie-Back Connector has successfully completed the
full ‘internals’ testing cycle and will be shortly completing the ‘externals’
testing requirements; aiming to secure a first sale by mid-2014. The HP/HT
tieback connector has been developed in partnership with Maersk and will
enable operators to convert exploration wells to production wells. This could
lead to savings of between £50 million to £200 million for each individual well.


http://www.plexusplc.com/uploads/pdf/news/December_Newsletter.pdf

Strong day knocking on £3.

Wintershall Contract Win

RNS


RNS Number : 6255Z

Plexus Holdings Plc

10 February 2014




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

10 February 2014

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

Wintershall 3 Year Contract Renewal for Supply of POS-GRIP 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, known for its safety, time and cost saving capabilities announces that it has subject to final contract details renewed for a further three years its supply contract with leading oil and gas company Wintershall Noordzee B.V for surface wellhead and mudline equipment services for exploration activities in the North Sea, offshore the Netherlands.



Under the terms of the contract, Plexus will initially supply its 10,000psi POS-GRIP wellhead systems for two wells that will be operating at pressures of up to 3,500 psi. The initial contract revenues are expected to commence fourth quarter financial year 2014.



Plexus CEO Ben Van Bilderbeek said, "We are delighted to have renewed this contract with Wintershall for the supply of our pioneering POS-GRIP wellhead systems known for safety, time and cost saving benefits. Having worked together since 2009, Wintershall is a long-standing and valued customer. We believe due to the increased level of activity in the Dutch North Sea region, this renewed contract will bring further wellhead supply opportunities for both our standard pressure, and potentially for the first time High Pressure / High Temperature wellhead rental supply. With this in mind, I look forward to providing updates on our progress in due course."



**ENDS**

onefreesharetip.com

Buy Plexus with a 3 month target of 315p says the Closet Chartist

Plexus Holdings (LON:POS)

Never a stock to let you down on the contracts front, Plexus has announced a three year renewal of its contract in the Dutch North Sea with Wintershall. A long time favourite services play I remain 100% convinced, even if the shares have been a bit pedestrian since the sharp rally last summer. To be fair that rally came after a period when a prolonged drift had put the rather exotic rating in some question, order has since been restored. The rating is high, mainly down to a significant lack of free float but I don’t expect big Ben to start selling now, he’s never offered me any shares in the past and if you can bear it you should look away from the multiple and lock away this high quality stock.




http://www.proactiveinvestors.co.uk/columns/the-pay-zone/15347/the-pay-zone-oil-price-statoil-asa-falklands-stocks-andes-energia-plexus-holdings-and-finally-15347.html