LONDON--Plexus Holdings PLC (POS.LN), an oil and gas wellhead
engineer, Thursday said it has received a purchase order worth
about GBP1 million from GDF Suez S.A. (GSZ.FR) to supply its
proprietary High Pressure, High Temperature wellhead system for
exploration activities in the U.K. North Sea.
MAIN FACTS:
-Revenue from this order has recently commenced.
-The new purchase order forms part of an existing contract with
GDF, as announced on Aug. 8, 2011.
-A second purchase order with a similar value is anticipated for
a further well where drilling would be due to start in the last
quarter of 2013.
-The Company has been supplying GDF with its wellhead equipment
since 2007, initially in the North Sea and subsequently in the
Egyptian region of the Mediterranean Sea.
-Shares closed Wednesday at 206.0 pence.
-Write to Iain Packham at iain.packham@dowjones.com
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