The management of the news flow over the last 18 months has been particularly poor.
Just letting the shareholders know when the March 2024 results will be announced would be a start! |
 Even 3%-5% of USA heating is massive business, directionality can help reduce the pad sizes needed and surface area near urban areas as well as help rejuvenate old wells and help with hazard avoidance. Should the worse happen here SABER has substantial value in the hands of the right group.
"A nationwide study by the National Renewable Energy Laboratory (NREL) estimated that geothermal direct-use applications, including district heating, could technically meet around 20-30% of the U.S. residential and commercial heating demand if fully developed. This estimate assumes optimal conditions, including widespread adoption and infrastructure investment."
"The overall contribution (currently) of geothermal energy to heating in the U.S. is quite small, likely less than 0.5% of the total heating demand when considering all forms of geothermal heating (both direct-use and geothermal heat pumps). This small percentage reflects the early stage of geothermal heating adoption in the U.S., despite its significant potential in certain regions."
I believe 5% is a realistic potential, massive. Cost of SABER would be noise over the lifetime of the asset.
"The typical lifetime of a geothermal well is about 20 to 30 years, but with proper management, some wells can last up to 50 years or more. The longevity depends on factors like reservoir management, well integrity, and the quality of the geothermal resource. Proper reinjection practices, maintenance, and technological advances can all help to maximize the life of a geothermal well." |
Directional drilling is useful in geothermal projects for optimizing well placement, improving productivity, and managing risks - avoiding hazards. Not just limited to special cases but can enhance the efficiency and viability of many geothermal projects.
District heating geothermal is entering early stages of growth but on further investigating SABER it looks like a sweet spot especially as the kit is so easily transported.
I was sceptical of usage in geothermal but am coming round to it now after some "digging", pardon the pun. |
Time we had some news. I'm looking on the brightside that silence will lead to sudden announcements of something positive on the customer capture front.
District heating market from US Geothermal is an open target to address if they can handle the temperatures. |
Must be (at least) 100 days since they started the multi-well test, seeing as how they said they started in April. Surely can't be long until they feel able to report some news, can it?
Silence feels ominous, but it is at least possible they're negotiating some transformative deal and want to get that finalised before updating the market. I guess given the relative lack of share trading, most long-term holders are crossing their fingers and hoping there is more to come than announcement of a distress sale of the technology, or worse. |
They dilute us, take private etc. But I would wait till we get some financials, they are usually very good with keeping costs down. |
There are probably a lot of issues that they work through that they don't tell us about. Resolving them then giving us the positive news. We are very light on news flow and and further deals so it does seem that they are working on something required before it can be commercialised. |
The most likely scenario here in my opinion is that the technology is good but NTQ runs out of cash.
Are there ways for dealing with this? |
Are the recent re-hashes of old posts on NTQ's LinkedIn page a sign that the "multi-well" testing announced earlier this year is not going to plan? |
A gamble. Tech looks good. Lots of lateral & directionsl opps to address. |
MC £5.3 MILLION Cash of $3 million 10th April (Cavendish note - not sure of cash burn though) If any value purchase would only amount to a rounding error for many potential purchasers.
Thoughts - Take over target or going bust as technology of little value? |
He was only there long enough to realize that he needed to change job!
We desperately need an update from Law as to where SABER stands vis-a-vis full, cash generative, commercialisation. |
Mark Ritchie now CFO of Glacier Energy Solutions. Looks to be successful private business. It looks like he probably had the job lined up. |
There is zero impact on the share price whenever Law attends one of these investor events.
Maybe he should spend more time informing the current shareholders on whether SABER is going to be fully commercialised before the cash runs out!
I also note there has still been no news on when the March 24 results will be announced.
This was a glaring omission from the 10 April Trading Update. |
It is almost as if they want to keep the share price depressed so they can pick up a lot of the company on the cheap. |
Interesting overall for Energy demand but last 15 mins probably of most interest. Tend to agree there could be an NG squeeze in 2025 as some waiting for higher prices and demand is set to increase still further. Mentions lateral towards the end. |
Andrew Law at an Investorhub session. Perhaps looking for ways to engage more effectively with (and perhaps raise new money from) investors and get the shareprice off the floor? |
1gw,
I think the two are connected. The 1 May announcement said that SABER would be tested across a series of wells in Australia. As a potential customer, I'd want to see the "real world" drilling data in a range of different rock conditions before committing, rather than pressing ahead from the downhole testing data. An update to investors wouldn't go amiss. We might see the Annual Report soon as well, since the numbers are straightforward. |
“Really, we’re selecting our customers as much as they’re selecting us.”
Remember that from the article back in March (link below)? Surely it's time for an update on the selection process and the announcement of some "winners"? We have just the one announced as far as I can see, and that customer must be more than 7 weeks in to the multi-well testing campaign (given Enteq told us testing commenced in April). So is it also about time for an update on how that is going? Are the 2 perhaps linked - new customers waiting for some news of the testing campaign before committing? |
Re ValueHurts posting No 2177.
Looks like you were spot on - the Aberdeen office is no longer listed on Enteq's website.
The registered office has also been changed to the new outsourced Head of Finance firm's London address. |
p1nkfish30 May '24 - 21:57 - 2178 of 2183
Point taken. |
Not the least bit worried about the cfo change here. Wish him well but wasn't blown away by the video interview last year. I hope he finds a decent salary and job elsewhere. |
Wont take a major holder to trash the price if there are no buyers. |
It would be hard to lose everything here, you really are just going to get diluted as they don't have creditors. The technology is also probably quite valuable, I think Baker Hughes would snap it up if they could. Either to bury it, stop a competitor using it or by using it themselves. It's definitely a risk to an incumbents business model. What gives me some comfort is that they are building out a fleet in preparation for orders and that the rest of key personal are staying while receiving shares for their efforts. They obviously don't want to raise here or their holdings will get nuked. That's why I veer to the side of cost savings for Marks departure. |
The oil services business is also picking up. I can imagine if he was married his wife would rather have him getting a decent salary now working at a bigger firm than the inevitable millions later from his holding in enteq. So many possibilities really. |
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