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/

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

1.1M GBP Maersk Contract Win

RNS


RNS Number : 8450Z

Plexus Holdings Plc

12 February 2014




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

12 February 2014

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

£1.1m Well Order Signed With Maersk Oil Denmark



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 a first time contract with Maersk Oil's Danish business unit to supply surface wellhead and mudline equipment services for an exploration well in the Danish North Sea. The initial value of the contract is estimated at approximately £1.1 million with revenues expected to commence in June 2014.



Under the terms of the contract, Plexus will supply its 18-3/4" POS-GRIP surface wellhead and mudline systems for use on a standard pressure exploration well*. The contract grants Maersk Oil the option to secure Plexus' wellhead equipment for an additional well.



Plexus CEO Ben Van Bilderbeek said, "We are pleased to be able to have the opportunity to supply for the first time exploration surface wellhead equipment to Maersk Oil's Danish business unit. As evidenced by the continued flow of new orders we are receiving, operators are increasingly recognising the virtues of using our wellhead equipment not just in terms of the performance, reliability and safety features, but also the time and cost savings our technology offers. In addition to winning new orders in our core rental exploration wellhead business, we are also working alongside a number of leading operators to extend the family of Plexus' POS-GRIP based equipment into the multi-billion dollar subsea exploration and production market with our new HGSS™ subsea wellhead design initiative, and I look forward to providing further updates in due course."



*The well is pending usual authority approvals.



**ENDS**

1.5M GBP Contract with GDF-SUEZ

RNS


RNS Number : 9543Z

Plexus Holdings Plc

13 February 2014




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

13 February 2014

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

Additional £1.5 million Well Order from - GDF SUEZ E&P UK Ltd



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 an estimated £1.5 million from GDF SUEZ E&P UK Ltd ('GDF'), a leading oil and gas company, to supply its POS-GRIP wellhead system for exploration activities in the UK Central North Sea. Operations are due to commence shortly.



The new purchase order is for the second of two wells as announced on 23 May 2013 which formed part of an original ongoing contract with GDF, the details of which were provided to the market on 8 August 2011. This second purchase order is for the supply of Plexus' POS-GRIP 18-3/4" Surface Wellhead System for a low pressure well.



Plexus CEO Ben van Bilderbeek said, "Having proved the superiority of our wellhead equipment in HP/HT conditions, as evidenced by Plexus' dominant share in this segment of the North Sea market, we are also receiving orders for wells operating in less extreme/low pressure environments, as this latest GDF order shows. In addition to supplying operators with best in class wellhead equipment in terms of performance, reliability and safety, our POS-GRIP technology also offers considerable time and cost saving benefits, as well as safety features in line with ALARP (as low as reasonably practical) HSE principles. We believe the compelling combination of superior performance and cost savings will drive further orders to supply wells operating in less challenging conditions, as we look to position Plexus as the go-to provider in the multi-billion dollar wellhead equipment market, both on the surface and in due course subsea."



**ENDS**

Whilst on the subject of favourite stocks I am going to have another go at getting you to buy a few of these, helped by another order yesterday, this time a first timer for Maersk in the Danish North Sea. Just like a metronome, the orders come through to Plexus with almost monotonous regularity and build the order book and I’m sure that there is more to come. I always say that this is a service company that you cant judge on traditional valuation metrics otherwise you would never have bought a share but those who have taken the plunge have made out like bandits. Long term readers will know that I am a big chart watcher and you will share my sadness that so far, this new website is unable to put charts into the format, I am determined to make it work one way or another but in the meantime go find a chart, it will show that the price is knocking on the 294p all time high and should it go through that, then the world is, as they say, your lobster…



http://www.proactiveinvestors.co.uk/columns/the-pay-zone/15387/the-pay-zone-oil-price-petroceltic-international-san-leon-energy-amec-petrofac-plexus-holdings-new-guinea-energy-and-finally-15387.html

Senergy Becomes Eighth Major to Join Subsea JIP

http://www.moneyam.com/action/news/showArticle?id=4761330

3Yr Contract with Leading Oil Services Company AGR

RNS


RNS Number : 1559B

Plexus Holdings Plc

28 February 2014






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

28 February 2014

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

New 3Yr Contract with Leading Oil Services Company AGR for POS-GRIP Wellhead Technology with an Initial Order in West Africa



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 agreed a new three year contact ('the Contract') with leading drilling and engineering company AGR Well Management Limited ('AGR'). Under the Contract, Plexus will supply both its standard pressure and High Temperature/ High Pressure ('HPHT') POS-GRIP® wellhead technology and mudline services to AGR for oil and gas exploration activities which it carries out on behalf of its customer base of blue chip oil and gas companies.



Plexus is further pleased to announce that it has already received a first order under the new Contract worth an estimated £400,000 to supply its 10,000psi POS-GRIP equipment for an exploration well in Guinea Bissau, West Africa which AGR will drill on behalf of private Swedish operator Svenska Petroleum Exploration AB ('Svenska'). This will be the first time that a POS-GRIP High Temperature ('HT') annular seal, which is generally used in HPHT systems, is utilised in a standard pressure system, and the selection of Plexus' POS-GRIP technology demonstrates how operators are increasingly electing to use best in class equipment in standard operating environments. Revenues from this well order are expected to commence calendar Q1 2014.



Plexus CEO Ben van Bilderbeek said, "We are delighted to be working with AGR again. As AGR undertakes drilling activity for blue chip oil and gas operators, a number of which have to date not used Plexus' wellhead equipment, we view this Contract as an excellent opportunity to introduce the significant performance, safety and cost benefits of our best in class POS-GRIP wellhead equipment to a wider customer base. The Svenska well order, the first under the Contract with AGR provides a readymade example. Not only is Svenska a new end user of Plexus' equipment, this well also provides a foothold in a new country for us, Guinea Bissau, and in the process further strengthens our position in West Africa, where we have previously worked in Cameroon.



"We are therefore hopeful that the new Contract with AGR will lead to other opportunities, namely the potential requirement for additional equipment and the introduction to other operators in the region. Our focus remains on building Plexus' reputation within the oil and gas industry as a supplier of best in class equipment, in terms of operational performance and safety. In this respect we continue to gain traction both with new customers and in new territories."

GBP900,000 Well Order - Centrica Plc

RNS


RNS Number : 0531D

Plexus Holdings Plc

25 March 2014




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

25 March 2014

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

£0.9m Well Order Signed With Centrica Plc



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 received an additional purchase order ('PO') from Centrica Plc ('Centrica') to supply surface wellhead and mudline equipment services for a gas appraisal well in the Southern North Sea. The value of the order is estimated at approximately £900,000 with revenues expected to commence in April 2014.



Under the terms of the PO, which is expected to have a duration of 100 days, Plexus will supply its 18-3/4" adjustable surface wellhead and mudline systems for use on the Pegasus West appraisal well. Plexus' wellhead equipment was selected for Pegasus West as it provides a metal to metal annular seal which was a key requirement of Centrica. Plexus has a long standing relationship with Centrica having provided the operator with equipment for use on its first well drilled offshore Norway.



Plexus CEO Ben Van Bilderbeek said, "Today's latest order from Centrica brings the total number of orders we have announced with leading blue chip operators, including GDF Suez, Maersk and Wintershall, so far in 2014 to five. We view this excellent start to the current calendar year as further evidence that our best in class wellhead equipment in terms of performance, safety and reliability is increasingly gaining traction among leading operators. With POS-GRIP technology delivering significant time and operational cost savings to operators, and with new initiatives such as the establishment of a sales and service hub in Singapore to support our expansion into Asian markets, we believe we will continue to win business from both new and existing customers, as we look to build market share and generate shareholder value."



**ENDS**

Interim Results

Highlights



Financial

· 12% increase in sales revenue to £12.64m (2012: £11.31m)

· 8%increase in EBITDA to £3.66m (2012: £3.38m)

· 13% increase in profit after tax to £1.54m (2012: £1.36m)

· 21% increase in Research and Development ('R&D') to £0.71m (2012: £0.59m)



Operating

· Strong sales performance for POS-GRIP rental wellhead equipment - number of new supply contracts from both existing and first time international oil and gas operators, particularly for high pressure high temperature ('HP/HT') applications

· Norwegian sector of the North Sea generated contract wins for two HP/HT rental wellhead systems from Statoil Petroleum AS ('Statoil') with a value of circa £2.5m, and an additional HP/HT wellhead system for an appraisal well for Centrica Energi Norway

· Securing of third Australian customer with new customer Eni Australia Limited ('Eni Aus') (adding to existing customers Apache Energy Australia and Santos Ltd) contracting for the supply of standard pressure rental equipment for an exploration well offshore Australia

· Post period end a further new customer Maersk Oil Denmark contracted for an exploration well in the Danish North Sea, and AGR Well Management Limited ('AGR') agreed a new three year contract which generated a first contract for a new user Svenska Petroleum Exploration AB ('Svenska') in a new territory Guinea Bissau, our second in West Africa

· Wintershall Noordzee B.V. post period end renewed for a further three years a contract to supply surface wellhead and mudline equipment services for exploration activities in the North Sea offshore Netherlands

· Further diversification away from the UK Continental Shelf ('UKCS') was demonstrated by an additional two wells for Glencore Exploration Cameroon Ltd ('Glencore') which we hope together with the Svenska new user win will help underpin additional opportunities in the West African region

· HP/HT Tie-Back product saw the full 'internals' testing cycle successfully completed, and the 'externals' testing requirements will be completed over the next few months after which time sales initiatives will commence to run alongside the installation of a to be identified prototype opportunity

· Joint Industry Project ('JIP') to develop and commercialise a new and safer POS-GRIP subsea wellhead ('HGSS®') is progressing well, and post period end secured further industry recognition with Senergy Holdings Limited ('Senergy') in February joining existing JIP consulting partners Eni S.p.A., Maersk, Shell International Exploration and Production B.V. ('Shell'), Total E&P Recherche Developpement SAS ('Total'), Tullow Oil plc, Wintershall, and Oil States Industries Inc.





http://www.moneyam.com/action/news/showArticle?id=4780288

Contract Win in Morocco with Galp

RNS


RNS Number : 2550F

Plexus Holdings Plc

23 April 2014






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

23 April 2014

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

Well Order Signed With New Customer Galp Energia



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 a contract with new customer Galp Energia Tarfya, B.V. ('Galp') to supply surface wellhead and mudline equipment services for an exploration well offshore Morocco. The value of the contract, which sees Plexus secure a new territory and further strengthens its position in North Africa, is estimated at approximately £600,000 with revenues expected to commence in April 2014.



Under the terms of the contract, Plexus will supply its 18-3/4" POS-GRIP surface wellhead and mudline systems for use on a standard pressure 6,000 PSI exploration well.



Plexus CEO Ben Van Bilderbeek said, "Today's contract with Galp for an exploration well offshore Morocco demonstrates our core wellhead equipment and services rental business continues to win new orders with new customers and in new territories. Having proved our POS-GRIP wellhead equipment is best in class in terms of performance, safety and cost, and having established a dominant position supplying HP/HT wellhead equipment in the North Sea, we are successfully expanding our geographical reach into Asia and Africa. As stated in our recent interim results, approximately 50% of our first half sales were for wells in the Rest of the World compared to 28% the previous year. We are confident that the compelling combination of superior performance and cost savings that our equipment offers will see Plexus continue to build market share outside our North Sea stronghold."



**ENDS**

9% increase in interim dividend to 0.48p per share approved for payment on 25 April 2014 to all shareholders appearing on the register of members on the record date 4 April 2014

GBP900,000 Well Order Signed With Centrica

RNS


RNS Number : 7073F

Plexus Holdings Plc

29 April 2014






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

29 April 2014

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

£0.9m Well Order Signed With Centrica Energy Norway



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 secured a new well order to supply its POS-GRIP surface exploration wellhead equipment and services under an existing contract with leading oil and gas company Centrica Energy Norway ('Centrica'). The value of the order is estimated at approximately £900,000 with revenues expected to commence in April 2014.



Plexus is supplying its POS-GRIP 18-3/4" Surface Wellhead System for a low pressure (5,000 psi) exploration well and mudline suspension system. The new well order, for oil exploration activities offshore Norway, is the Company's third project with Centrica under its existing contract as announced on 7 October 2013. This contract was recently extended to 28 February 2015, and today's well order is the first under the extension.



Plexus CEO Ben Van Bilderbeek said, "We are delighted to have secured another new wellhead order in the Norwegian North Sea with Centrica with whom we have a solid working relationship. The latest win further highlights the support that our POS-GRIP technology has with leading oil and gas majors for its safety, time and cost saving capabilities as the wider industry increasingly demands best in class equipment for all drilling activities.



"As we continue to maintain a dominant market presence in the North Sea with contracts in place such as ours with Centrica, recent recommendations made in Sir Ian Wood's 'UKCS Maximising Recovery Review' in February of this year in relation to the UKCS come as welcome news. The report emphasised the importance of making more of the UK's HP/HT resource potential by deploying the best and most cost effective technology and leveraging the capabilities of the UK's own oil and gas supply chain. It was even more welcome to see incentives such as the proposed HP/HT allowance included in the recent UK Budget which means that Plexus will be well placed to take advantage of any increase in activity in the UKCS as a result of these Government initiatives.



"In addition, we are also committed to extending our global footprint. With new initiatives underway such as establishing a sales and service hub in Singapore to support our expansion into Asian markets, we believe we are well placed to deliver on our objectives and continue to win business for the rental of our POS-GRIP wellhead technology from both existing and new customers in the North Sea and further afield."



**ENDS**
----------------------------------------------------------------------------------------------


Payzone - Plexus Holdings (LON:POS)

The good thing about being a holder of Plexus is that there is an unremitting flow of orders, albeit of a modest size, to maintain confidence in the company. Today it is another order from Centrica (LON:CNA) in the Norwegian North Sea under an existing contract but they all count. At 276p the rating is still high and as ever the free float is small but this is too good a stock to ignore and one day will break through big time.

New Customer SCEPCO POS-GRIP Rental Contract Win

RNS


RNS Number : 6242H

Plexus Holdings Plc

21 May 2014








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

21 May 2014

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

New Customer SCEPCO 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 received a Letter of Award for its first contract with Shell China Exploration and Production Company Limited (SCEPCO), a subsidiary of Royal Dutch Shell plc ('Shell'). The contract, which is subject to finalisation of terms, is for the supply of 15,000psi high pressure high temperature ('HP/HT') POS-GRIP wellhead technology with mudline casing support and associated services, initially for one well exploring for gas offshore Hainan Island, China. Revenues from this contract are expected to commence during the next financial year.



This is Plexus' first contract with SCEPCO which was secured through Plexus' Singapore subsidiary, and also the first to be awarded in the region which marks a significant step for the Company as it continues to expand its global reach. In the past Plexus has secured contracts with other subsidiaries of Shell, and therefore the addition of SCEPCO to its client base, particularly in Asia, is welcomed.



Plexus' CEO Ben Van Bilderbeek said, "This is a breakthrough contract for Plexus Singapore, one which will see us supply our proven wellhead equipment for the first time to an established international operator in this important new country. Though we haven't previously worked with SCEPCO, we have secured and fulfilled contracts with other Shell subsidiaries in other parts of the world. This contract is particularly exciting to us as it supports our strategic decision to establish and support an Asian sales and service hub following the recent establishment of Plexus subsidiaries in Malaysia and Singapore. This initiative is in line with our strategy to expand beyond the North Sea where we have a dominant market share supplying HP/HT equipment, as we continue to pursue our goal of establishing Plexus as a leading global supplier to the oil and gas industry."



**ENDS**

The pay zone - Finally, Plexus Holdings (LON:POS) has announced yet another contract this time in a new area, offshore China which is very exciting. The client is Shell whom they have worked for before but not out of the Singapore office. You all know what I think of Plexus and the share price has crept back to nearly 300p after drifting lower earlier in the year. Plexus remains reassuringly expensive which deters all but the canniest of investors who are already reaping rewards and will reap many more I’m sure.

Sp over £3 with todays rise.

Contract Win with Maersk Oil for GBP1.4M

RNS


RNS Number : 6422I

Plexus Holdings Plc

03 June 2014








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

3 June 2014

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

Secured Second Well Contract with Maersk Oil for £1.4M



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 further to the Company's first time contract win with Maersk Oil Danish Business Unit totalling £1.1million announced on 12 February 2014, the option granted under the contract has now been converted to a firm order to supply Maersk Oil Danish Business Unit its POS-GRIP wellhead system and mudline services for an additional well. The value of the additional order is estimated at approximately £1.4 million with revenues expected to commence in October 2014.



Under the terms of the option, Plexus will supply its 18-3/4" POS-GRIP 15,000psi surface wellhead and mudline systems for use on a standard pressure well for exploration activities in the central Danish North Sea.



Plexus' CEO Ben Van Bilderbeek said, "We are delighted to have secured this second well order with Maersk Oil's Danish Business Unit which I believe further highlights the commercial strength of our POS-GRIP wellhead best in class technology for both standard and more challenging high pressure/high temperature exploration activities.



"As we continue to strengthen our foothold in the North Sea market with contract wins such as these, we are also highly committed to expanding both our geographic and application reach. This is evidenced by a number of high profile contracts this year which has seen us win new business in China, utilising our new Singapore and Malaysian hubs, Northern Africa and West Africa. In addition, our expansion into subsea is progressing well. Our pioneering joint industry project aimed at developing a new and safer subsea wellhead to address key technical issues and requirements highlighted by the Gulf of Mexico incident in 2010, recently gained its eighth major oil and gas company member. The final design stage is nearing completion and manufacturing of test fixtures is underway with full system testing expected to be completed in Q3 2014. From here the JIP will move to building the prototype and then a first time installation. We look forward to updating shareholders on our progress as we build Plexus into the wellhead provider of choice and necessity across exploration, production and subsea applications."



**ENDS**

12 Jun Numis 364.00 Add

Shares- big hopes for plexus.

Numis Securities reckons specialist well head provider could be worth£11.45 versus its present 319p trading level. That's assuming the juniors technology is licenced to a big player.

Additional GBP0.6million Well Order from Centrica

RNS


RNS Number : 7877M

Plexus Holdings Plc

21 July 2014






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

21 July 2014

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

Additional £0.6m Well Order Signed With Centrica Plc



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 received an additional purchase order ('PO') from Centrica Energy Exploration and Production ('Centrica') to supply surface wellhead and mudline equipment services for an exploration well in the Southern North Sea, Offshore UK. The value of the order is estimated at approximately £600,000 with revenues expected to commence shortly.



Under the terms of the contract, which is expected to have a duration of 60 days, Plexus will supply its 20" x 12-3/8" adjustable surface wellhead and mudline systems for use on the Grove Deep 49/10a-GD. Plexus has a long standing relationship with Centrica having provided the operator with equipment for use on a number of exploration and appraisal wells in the North Sea including the recent Grove Infill and Pegasus West wells.



Plexus CEO Ben Van Bilderbeek said, "It has always been our belief that once an operator places an initial order for our best in class wellhead equipment, the superior qualities of our POS-GRIP® technology in terms of performance, reliability and safety would lead to follow-up work, as today's contract with Centrica shows. Over the years we have now supplied Centrica with our wellhead equipment for a range of wells operating in conditions ranging from standard pressure to high pressure/ high temperature environments.



"At a time when operators are exploring for hydrocarbons in increasingly difficult conditions, while having to meet higher regulatory safety parameters on the one hand, and the need to control costs on the other, we strongly believe Plexus' equipment resonates with the times as we can deliver on both these objectives. We are therefore highly confident that the momentum behind our core wellhead rental business will be maintained, as more and more operators experience for themselves the unique operational and cost benefits Plexus' wellhead equipment offers."



**ENDS**