Plexus Holdings Gets Centrica Production Well Contract Extension
November 19 2013 - 5:07AM
Dow Jones News
LONDON--Plexus Holdings PLC (POS.LN), an AIM quoted oil and gas
engineering services business and owner of the proprietary
POS-GRIP(R) friction-grip method of wellhead engineering, said
Tuesday it has extended a contract with Centrica North Sea Gas Ltd.
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.
MAIN FACTS:
-Contract is worth up to 850,000 pounds with revenues expected
to start in the first quarter of Plexus' 2014 financial year.
-Shares unchanged at 262 pence valuing the company at GBP216.95
million.
-Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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