Plexus Wins Contract with BG Egypt for POS-GRIP Wellhead Supply
October 16 2013 - 2:14AM
Dow Jones News
LONDON--Plexus Holdings PLC (POS.LN), an AIM-quoted oil and gas
engineering services business said Wednesday that it has been
awarded a contract with BG International Egypt, for the supply of
its POS-GRIP wellhead technology and services for oil drilling
activities offshore Egypt.
The contract is worth up to 350,000 pounds with revenue expected
to commence in the second quarter of Plexus' 2014 financial
year.
Plexus shares closed Tuesday at 252.0 pence, valuing the company
at GBP208.3 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
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