Plexus Gets GBP800,000 Contract From Santos In Australia
December 08 2011 - 3:55AM
Dow Jones News
Plexus Holdings PLC (POS.LN) said Thursday it has received a
GBP800,000 contract from Australian oil and gas explorer Santos
Ltd. (STO.AU) for wellheads and related equipment.
Plexus expects to start receiving revenue from the contract in
August 2012.
Chief Executive Ben Van Bilderbeek said, "We are delighted to be
working with one of Australia's leading gas producers, Santos Ltd.,
which will undoubtedly strengthen our profile in the country and
region, and hopefully open up further opportunities in this
expanding market."
Bilderbeek said he believes that word of mouth played a large
part in Plexus being awarded the contract.
Wellheads are essential components in oil and gas drilling and
are the surface structures that contain pressure and attach to
drilling and production equipment.
Shares at 0820 GMT were flat at 88.5 pence, in a slightly higher
Alternative Investment Market--up 0.02%.
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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