TIDMPOS 
 
RNS Number : 2401G 
Plexus Holdings Plc 
28 January 2010 
 

Plexus Holdings PLC / Index: AIM / Epic: POS / Sector: Oil equipment & services 
28 January 2010 
Plexus Holdings PLC ('Plexus' or 'the Company') 
West Africa Contract Win - Bowleven plc 
 
 
Plexus Holdings PLC, the AIM quoted oil and gas engineering services business 
and owner of the proprietary POS-GRIP  method of wellhead engineering, has 
signed an agreement with a subsidiary of Bowleven plc ('Bowleven'), an 
African-focused oil and gas exploration company quoted on AIM (AIM: BLVN), to 
supply its POS-GRIP  wellhead systems and services for drilling offshore 
Cameroon. The new contract win will see Plexus expand its geographic reach to 
West Africa, a region with a large number of active oil and gas majors, which 
the Company hopes to build a position in going forward.  The potential value of 
the contract, which is subject to completion of relevant terms, is estimated at 
GBP300,000 with revenues expected to commence in May 2010. 
 
 
Bowleven will utilise Plexus' POS-GRIP wellhead equipment, which is known for 
its increased safety, time, and cost saving capabilities for two standard 10,000 
psi exploration/appraisal wells, with the option to add further wells to the 
contract if required.  Additionally the agreement marks a new working 
relationship between the two companies; one which the Directors are hopeful will 
be strengthened in the future. 
 
 
Plexus CEO Ben van Bilderbeek said: "This is an exciting time for Plexus as we 
continue to expand our geographic footprint and marketing initiatives.  West 
Africa is a key oil and gas market, and one which we are keen to build our 
position in. With this in mind, we look forward to working with Bowleven, a 
highly regarded oil and gas growth company in the region, with the aim of 
increasing our exposure in the region and becoming Bowleven's wellhead supplier 
of choice." 
 
 
* * ENDS * * 
 
 
For further information please visit www.posgrip.com or contact: 
+-------------------+-----------------------------+------------------------+ 
| Ben van           | Plexus Holdings PLC         | Tel: 020 7589 8555     | 
| Bilderbeek        |                             |                        | 
+-------------------+-----------------------------+------------------------+ 
| Graham Stevens    | Plexus Holdings PLC         | Tel: 020 7795 6890     | 
+-------------------+-----------------------------+------------------------+ 
| Alex Dewar        | Brewin Dolphin              | Tel: 0845 213 2076     | 
+-------------------+-----------------------------+------------------------+ 
| Felicity Edwards  | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
| Isabel Crossley   | St Brides Media & Finance   | Tel: 020 7236 1177     | 
|                   | Ltd                         |                        | 
+-------------------+-----------------------------+------------------------+ 
 
 
Notes to Editors: 
 
 
Plexus, which began trading on AIM in December 2005, is an established oil and 
gas engineering and services business which supplies wellhead and mudline 
suspension equipment for exploration and production applications based in 
Aberdeen, with an office in London, Cairo, Kuala Lumpur and a presence in 
Houston, Texas. It has developed and patented a method of engineering for oil 
and gas field wellheads and connectors, POS-GRIP, which involves deforming one 
tubular member against another to effect gripping and sealing. 
 
 
POS-GRIP wellhead systems have to date been used or selected to be used in over 
140 oil and gas wells by international companies including BHP Billiton, BG 
International, BP, Brunei Shell Petroleum, Centrica, ConocoPhillips, Dubai 
Petroleum, GDF SUEZ, Global Santa Fe, Maersk, Petro-Canada Trinidad & Tobago, 
Red Sea Petroleum Operating Company, Repsol, RWE, Shell Egypt, StatoilHydro, 
Silverstone Energy, Talisman Energy, Tullow Oil, and Wintershall. 
 
 
The Company plans to accelerate the roll out of POS-GRIP technology as a 
superior alternative to current wellhead technology.  It has particular 
advantages in HP/HT (High Pressure/High Temperature) and X-HP-HT (Extreme High 
Pressure/High Temperature) 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. 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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