Plexus Holdings Signs GBP0.5 Million Egypt Wellhead Deal With BG Group
24 May 2011 - 5:17PM
Dow Jones News
Plexus Holdings PLC (POS.LN), a provider of innovative wellheads
to the oil industry, said Tuesday it has signed a GBP550,000
wellhead contract with BG Group PLC (BG.LN) for exploration
activities offshore Egypt at its Notus well.
This contract follows an earlier one with BG to supply a
wellhead system for offshore Egypt exploration at the Zonda
well.
Shares closed Monday at 57.5 pence.
-By Iain Packham, Dow Jones Newswires; 44-20-7842-9269;
iain.packham@dowjones.com
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