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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Plexus Holdings PLC    POS   GB00B0MDF233

PLEXUS HOLDINGS PLC (POS)
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Delayed Quote. Delayed  - 07/16 12:38:29 pm
46.2 GBp   -3.75%
02/14PLEXUS : Sale of Wellhead Equipment to Russian Partner
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02/13PLEXUS : Board Change
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02/01PLEXUS : Completes Sale of Jack-Up Business to TechnipFMC
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Plexus : Well technology firm shares surge after contract success

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09/26/2017 | 11:15am CEST

SHARES in oil well technology specialist Plexus Holdings surged 14 per cent after the company said it had won an order from Centrica'sNorth Sea business which provided a strategic boost for the firm, writes Mark Williamson.

Aberdeen-based Plexus will supply a wellhead that the oil and gas firm will use to help boost production from the Chiswick platform in the Southern North Sea.

The value of the contract has not been disclosed. However, chief executive Ben van Bilderbeek noted Plexus had focused on supplying equipment used by firms including Centrica for exploration work before moving into the bigger market for production systems. Exploration wells are temporary but production wells are required for the life of the field involved.

Aim-listed Plexus has been hit hard by the slowdown in exploration activity in the North Sea amid the crude price plunge and has tried to extend its sector and geographic reach in response.

The company last week announced it had won its first contract from Russia's Rosneft, to supply a rental wellhead for use on an exploration well off Vietnam.

It sees Asia, the Middle East, and Gulf of Mexico as strategically important regions.

Plexus Holdings shares closed up 9.5p at 80.5p.

Credit: Mark Williamson

(Copyright (c) 2017 Newsquest Media Group), source Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
CENTRICA -1.47% 157.9 Delayed Quote.16.64%
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Latest news on PLEXUS HOLDINGS PLC
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Plexus Holdings PLC Technical Analysis Chart | POS | GB00B0MDF233 | 4-Traders
Technical analysis trends PLEXUS HOLDINGS PLC
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Income Statement Evolution
Managers
NameTitle
Bernard Herman van Bilderbeek Chief Executive Officer & Executive Director
Jerome Jeffrey Thrall Non-Executive Chairman
Graham Paul Stevens Finance Director & Executive Director
Craig Francis Bryce Hendrie Executive Director & Technical Director
Charles Edward Jones Independent Non-Executive Director
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