POS Plexus Holdings Plc

12.75

0.00 (0.00%)

Last Updated: 07:42:09

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Plexus Holdings Plc	LSE:POS	London	Ordinary Share	GB00B0MDF233	ORD 1P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%	12.75	12.00	13.50	12.75	12.75	12.75	0.00	07:42:09

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Oil & Gas Field Machy, Equip	1.49M	-4.02M	-0.0381	-3.35	13.44M

Plexus Secures GBP3.3M Offshore Norway Wellheads Contract

29/03/2011 7:46am

Dow Jones News

Plexus (LSE:POS)
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From Jul 2019 to Jul 2024

Plexus PLC (POS.LN), a provider of wellheads to the oil industry said Tuesday it has been awarded a GBP3.3 million contract by a consortium led by Centrica Energi Norway for wellheads and mudline suspension systems for exploration activities offshore Norway.

Revenue is expected to start in June and is estimated to extend over a 12 to 18 month period, the company said.

Plexus will supply Centrica with both its high pressure, high temperature 15,000 per square inch and standard 10,000 psi wellheads for five exploration wells in the Norwegian North Sea with the option for Centrica to add a further three wells to the contact for around GBP2 million.

In addition to Centrica (CNA.LN), the consortium includes Norwegian focused Det norske oljeselskap ASA (AKEXF) and Faroe Petroleum PLC (FPM.LN).

Shares closed Monday at 60 pence.

-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com