Plexus spurts upwards on two million pound contract win

Plexus, the Aim-listed oil and gas engineering services business, rose following news that it has secured a two million pound contract to supply its well-head equipment to Lundin Norway, a Norwegian oil and gas operator.

Plexus, the Aim-listed oil and gas engineering services business, rose following news that it has secured a two million pound contract to supply its well-head equipment to Lundin Norway, a Norwegian oil and gas operator.

The equipment supplied will be its high pressure high temperature (HPHT) pos-grip friction grip technology, for a two-well programme. Revenues are expected to commence in January 2013.

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