Plexus Gets Additional GBP0.6 Million Well Order from Centrica
July 21 2014 - 2:54AM
Dow Jones News
LONDON--Plexus Holdings PLC (POS.LN) said Monday it has received
an additional purchase order from Centrica Energy Exploration and
Production to supply surface wellhead and mudline equipment
services for an exploration well in the Southern North Sea,
Offshore U.K., worth 600,000 pounds ($1.03 million), with revenue
expected to start shortly.
The AIM quoted oil and gas engineering services business and
owner of the proprietary POS-GRIP friction-grip method of wellhead
engineering said the contract is expected to last 60 days.
Shares at 0720 GMT unchanged at 271 pence valuing the company at
GBP230 million.
-Write to Ian Walker at ian.walker@wsj.com
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