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NTQ Enteq Technologies Plc

9.75
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Technologies Plc LSE:NTQ London Ordinary Share GB00B41Q8Q68 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.75 9.00 10.00 - 0.00 07:34:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Machy, Equip 6.25M -2.8M -0.0397 -2.46 6.88M
Enteq Technologies Plc is listed in the Oil & Gas Field Machy, Equip sector of the London Stock Exchange with ticker NTQ. The last closing price for Enteq Technologies was 9.75p. Over the last year, Enteq Technologies shares have traded in a share price range of 8.00p to 12.00p.

Enteq Technologies currently has 70,614,140 shares in issue. The market capitalisation of Enteq Technologies is £6.88 million. Enteq Technologies has a price to earnings ratio (PE ratio) of -2.46.

Enteq Technologies Share Discussion Threads

Showing 2126 to 2150 of 2150 messages
Chat Pages: 86  85  84  83  82  81  80  79  78  77  76  75  Older
DateSubjectAuthorDiscuss
16/3/2024
17:46
Do a weekly scan for breakouts in the US and this week there is most definitely a tilt towards energy infrastructure. Something stirring.
p1nkfish
13/3/2024
14:07
Thank you ValueHurts.

I will amend my NTQ metric tracker to take the "salary in shares" point on board.

Fingers crossed for the up coming "customer technology demonstration".

optimist4now
13/3/2024
00:23
They are all getting a lot of their salary in shares. The cash they get is probably paying for their kids and the mortgage. This company is not without risk either.
valuehurts
12/3/2024
12:20
'The tool is expected to become commercially available this year, and Enteq said it is in talks with non-major operators to bring the tool to market.

“We’re close to this tool being used commercially in the field,” Mr Law said. “You need to have a customer that appreciates this tool as an end-stage product and not just something fresh out of the box. It will definitely work, and we want companies who want to work with us. Really, we’re selecting our customers as much as they’re selecting us.”'

Good discussion of SABER in this piece from Drilling Contractor. No reference to further Catoosa test that I can see.

1gw
06/3/2024
11:51
I cannot find any NTQ purchases from the not so new CFO.

Have I missed something?

optimist4now
27/2/2024
16:47
Bloody long lorry for those boxes.
mr doughnut1
27/2/2024
14:17
SABER kit on the way to Catoosa, so presumably the observed test is scheduled for fairly soon.
1gw
12/2/2024
13:28
Transition appears to be a reference to CCS and Methane Capture.
The Methane Capture side will likely be active given cop27 attitude etc.

"Methane capture from hydrocarbon wells was a prominent topic at COP27, with several key mentions and developments:

Increased momentum for the Global Methane Pledge:

This existing pledge, aiming to reduce global methane emissions by 30% by 2030, gained significant momentum at COP27. New countries, including Colombia, Nigeria, and Mexico, joined the pledge, bringing the total to over 120 signatories.

While not directly focused on hydrocarbon wells, this initiative signifies increased global understanding and action on methane reduction.

Specific discussions and initiatives:

US EPA proposed rule: The US Environmental Protection Agency (EPA) announced a proposal to reduce methane emissions from new and existing sources in the oil and gas sector. This includes stricter regulations on flaring and leak detection, ultimately promoting methane capture.

Focus on "super emitters": Biden administration also announced plans to tackle "super emitters", individual oil and gas facilities with disproportionately high methane emissions. This highlights the importance of targeted measures for high-impact methane reduction.

Industry initiatives: Many industry leaders like PETRONAS and Apache announced ambitious targets for methane reduction, including capture projects and technological advancements.

Financial initiatives: The World Bank launched a $1 billion trust fund to support methane emission reduction projects in developing countries, potentially facilitating investments in well-capture technologies.

Overall, COP27 saw a significant focus on methane capture from hydrocarbon wells, manifested in both international agreements, specific policy announcements, industry initiatives, and financial support mechanisms. These developments suggest continued growth in methane capture efforts, contributing to broader climate change mitigation goals."

p1nkfish
12/2/2024
12:09
I just posted this comment on the POS board. I have followed Paul Scott's cheerleading of POS with interest but there are too many red flags for me.

Talking my own book here but a better alternative to POS might be Enteq (NTQ). Half the market cap of POS at £7m and has a potentially massive new product (SABER). Same industry at POS (oil drilling). NTQ is cash rich and has decent institutional holders. Management have skin in the game and have taken shares as payment in recent years. I have held this for over 10 years and followed closely and have a large holding. There are some good comments on the NTQ board from the small band of followers and shareholders. It's a binary bet on the success of SABER (see today's update RNS) but the risk/potential return is positive.

sturmey
12/2/2024
08:12
What do they mean by this as "energy transition", sounds new and I thought Geothermal was energy transition? Is it Carbon capture?

"........in a drilling environment for oil, gas, geothermal and now also energy transition."

p1nkfish
12/2/2024
08:00
Cavendish note out, with forecasts still deferred.
somerset lad
12/2/2024
07:55
In the AGM statement of 29.9.23 NTQ said “A commercial contract is in place and customer-testing operations are planned later in the year as part of this contract.”

By the interims on 15.11.23, testing was planned for the new calendar year.

I'd been hoping that the next news would have been that the customer tests had been run and passed.

Today we're told that customer testing should "commence" by 31.3.24.

It looks from today's announcement as though the slippage is because the new Engineering Director has made further tweaks and NTQ have done a further round of testing at surface which has validated those tweaks.

NTQ now seem comfortable that they have a product that will work in the market as they've invited customers to a further set of downhole tests at Catoosa again by 31.3.24, and they'd presumably only do that if they're expecting the results to be good.

Overall, the direction of travel is positive and some patience to finesse the specification at this stage is likely to be repaid later.

somerset lad
12/2/2024
07:23
Slowly, slowly...
1gw
12/2/2024
07:21
All sounding very positive.
mr doughnut1
12/2/2024
07:20
Today's RNSNON looks good - an actual SABER purchase order!

Everything's progressing well in terms of build programmes, further testing, technology demonstrations etc.

And SABER's applications include "hydrocarbon production, geothermal energy, methane capture and CCS (carbon capture and storage)".

The CEO concludes with "This is another positive step along the road to full commercialisation of the SABER technology in a market that has a demand for this strong alternative method of steering while drilling."

rivaldo
16/1/2024
11:08
On the website refresh, it would be good to update the SABER FAQs where appropriate. In particular the answer on validation is looking rather dated:

Q: How has the SABER concept been validated?

A: All modelling and testing to date support that the approach will provide adequate sideforce for directional control in line with the existing system in the market. The final acceptance criteria will come during the scheduled downhole trials in Q4 2022.

1gw
16/1/2024
10:40
I was prepared to put the Miton sell down to redemption requirements, but it is disappointing to have 2 sellers. Do they really see NTQ as the best option to realise funds for redemption, if that is what is driving it?
1gw
16/1/2024
09:44
NTQ's website has been refreshed.

Funds experiencing outflows need to generate cash.

somerset lad
15/1/2024
09:45
Yes, this is disappointing especially as the feedback from the MelloLondon Conference at the end of last November seemed to be positive.
optimist4now
11/1/2024
09:29
The 2 biggest holders both trimming their positions. Not really what I want to see going into what feels like a pivotal year.
1gw
08/1/2024
15:09
As no RNS it would appear it was not.
optimist4now
04/1/2024
10:49
Let's hope that it was the new CFO now that he has had time to get to know the business.
optimist4now
03/1/2024
17:14
A couple of chunky trades of 565,875 went though a little after 3.30 pm.
mr doughnut1
01/1/2024
11:54
Is this the year it all comes good then? Fingers crossed.
1gw
21/12/2023
10:36
Apologies but the link gets corrupted when posted!
optimist4now
Chat Pages: 86  85  84  83  82  81  80  79  78  77  76  75  Older

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