Recent Developments

Tuesday, Jul 14 2009 by MrT

Plexus Holdings PLC is an AIM listed oil and gas engineering services business which supplies wellhead and mudline suspension equipment for exploration and
production applications...

More to come later.

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Plexus Holdings plc a United Kingdom-based company. The Company, along with its subsidiaries, is engaged in marketing a method of engineering for oil and gas field wellheads and connectors, named POS-GRIP, which involves deforming one tubular member against another within the elastic range to effect gripping and sealing. The Company derives revenue from the sale of its POS-GRIP technology and associated products, the rental of wellheads utilizing the POS-GRIP technology. For the oil and gas market POS-GRIP has been developed to employ a method of elastically deflecting an outer wellhead body onto an inner casing hanger or tubing hanger, locking them in place to support tubular weight, and activate seals. The Company’s subsidiaries include Plexus Ocean Systems Limited, Plexus HoldingsUSA, Inc., Plexus Ocean Systems US, LLC, Plexus Deepwater Technologies Limited, Plexus Ocean Systems International Limited and Plexus Ocean Systems (Malaysia) Sdn Bhd. more »

Share Price (AIM)

212.5p

Change

4.0 1.9%

P/E (fwd)

n/a

Yield (fwd)

n/a

Mkt Cap (£m)

170.5

Analyze LON:POS's Stock Report »


1d	1w	1m	6m	1y	5y

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3 Posts on this Thread show/hide all

	MrT	14th Jul '09	1 of 3	1
RNS out today: GBP1.5 Million New Two Year Talisman Energy Contract - http://www.stockopedia.co.uk/news/announcement/POS/090714pos000273.htm Plexus awarded a contract with Talisman Energy Inc. (TSX:TLM;NYSE:TLM) ('Talisman'), an independent upstream oil and gas operator,to supply its proprietary POS-GRIP High Pressure/High Temperature ('HP/HT') and standard pressure POS-GRIP wellhead and mudline suspension equipment to its exploration platforms in the Norwegian North Sea. The two-year contract, which also has a further two-year option, will be for a series of exploration wells and has an initial value of approximately GBP1.5 million, generating revenue from the fourth quarter of 2009. "As this contract with Talisman demonstrates, Plexus' technology continues to gain industry recognition, particularly for HP/HT oil and gas environments where particular technical challenges exist and for which POS-GRIP is able to deliver unique advantages and solutions". Plexus CEO Ben van Bilderbeek said: "As the fourth such contract signed during 2009, this agreement is a further testament to the innovation and quality of our proprietary POS-GRIP technology. Talisman joins our ever-growing blue-chip client list, reinforcing our position as a leading oil and gas engineering services business internationally."
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14th Jul '09

1 of 3

RNS out today: GBP1.5 Million New Two Year Talisman Energy Contract - http://www.stockopedia.co.uk/news/announcement/POS/090714pos000273.htm

Plexus awarded a contract with Talisman Energy Inc. (TSX:TLM;NYSE:TLM) ('Talisman'), an independent upstream oil and gas operator,to supply its proprietary POS-GRIP High Pressure/High Temperature ('HP/HT') and standard pressure POS-GRIP wellhead and mudline suspension equipment to its exploration platforms in the Norwegian North Sea.
The two-year contract, which also has a further two-year option, will be for a series of exploration wells and has an initial value of approximately GBP1.5 million, generating revenue from the fourth quarter of 2009.
"As this contract with Talisman demonstrates, Plexus' technology continues to gain industry recognition, particularly for HP/HT oil and gas environments where particular technical challenges exist and for which POS-GRIP is able to deliver unique advantages and solutions".
Plexus CEO Ben van Bilderbeek said: "As the fourth such contract signed during 2009, this agreement is a further testament to the innovation and quality of our proprietary POS-GRIP technology. Talisman joins our ever-growing blue-chip client list, reinforcing our position as a leading oil and gas engineering services business internationally."

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	ohisay	14th Jul '09	2 of 3	1
In spite of the cloud over Oil service companies at he moment I like this stock particularly since it's come down to a more reasonable level under 40p. The technology seems compelling and I could see a larger company taking an interest which seems to be the long term strategy http://www.smallcapnews.co.uk/article/Got_a_grip_interview_with_Graham_Stevens_Finance_Director_of_Plexus_Holdings/7233.aspx Spread off putting, largish PE and big shareholders to take account of but I can see it making further progress judging by this years contract wins.
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14th Jul '09

2 of 3

In spite of the cloud over Oil service companies at he moment I like this stock particularly since it's come down to a more reasonable level under 40p.

The technology seems compelling and I could see a larger company taking an interest which seems to be the long term strategy

http://www.smallcapnews.co.uk/article/Got_a_grip_interview_with_Graham_Stevens_Finance_Director_of_Plexus_Holdings/7233.aspx

Spread off putting, largish PE and big shareholders to take account of but I can see it making further progress judging by this years contract wins.

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	investorschampion	26th Mar '10	3 of 3	1
Plexus has signed an agreement with Sonangol Pesquisa e Produção ('Sonangol'),to supply its POS-GRIP® wellhead systems and services for drilling activities offshore Angola. The potential value of the contract, is estimated at £700,000 with revenues expected to commence in June 2010. Total revenue for the year ending June 2009 was £15.1m so it’s a decent sized contract. Yet another new customer for Plexus is clearly very encouraging! http://www.investorschampion.com/research/company/plexus/
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