POS has now global coverage for its POS-GRIP through the issue of 2 licence agreements. Yantain Jereh Oilfield Services Group for China, Asiam Brazil and the Middle East, and more recently Konar and Gusar for Russia and its now independent states. It will receive royalty payments from either sales or rental through both licences. With revenue at approx £30 million as confirmed in latest financials (up to June 2015) from just UK and Europe sector (license agreements signed post June 2015) i remain optimistic that the loss of revenues from a poor UK oil services section may be replaced by continued growth of exploration in other regions. MCAP of £54million - where's the risk!!
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