The replacement Interims have had to be replaced! |
Somewhat embarrassing that they had to replace the original Interim figures.
Maybe the "Business Class" level of finance support that Law mentioned in the March 2024 presentation is more Ryanair than Emirates. |
So about a year's worth of cash left at the end of September. The blindingly obvious question is whether revenue will ramp up fast enough so that no further fundraising is needed. |
Product ready, marketing in place, sales next.
The base case is now in, sales to follow and a build up of pipeline (pardon the pun).
12 months from now and there is a good chance we look back at this as maximum darkness before dawn.
It's all risk but it works and there is demand.
Dyor etc, only take part if the risk doesn't cause you excess stress.
GLA. |
Yet more "jam tomorrow" messaging from NTQ.
$m
Net cash outflow in 6 months to 30 Sept: (1.9)
Cash raise (after expenses) post 30 Sept: 1.8
Assuming the same rate of investment in both developing the tool and increasing the tool fleet, the $1.1m Sept cash balance will not last long without significant trading cash inflow before 31 March next year. |
Crikey it's slow progress here. Some revenue for preparation, but "commercial operations" and associated revenue seem to have slipped into next calendar year now, still waiting on "active trial drilling" leading to the customer drilling 3 wells. |
Interims now overdue by approx. a week when compared to both 2022 and 2023.
Let's hope the delay is due to being close to signing some commercial contracts in order to announce at the same time! |
Shame we had to sell the family silver (MWD) in the US.
With 'drill baby drill' being the new MO it would have been a good earner for us.
That said, I agree it should be positive for SABER. But this company moves at a snail's pace. |
Overdriliing may occur in US under Trump. Can be bad for oil price but few can afford not to join in.
What happens when you have to dance with everyone else but the price of your output falls?
You have to become more efficient at dancing. Might be positive for NTQ? |
Can't be too far off first orders confirmed. |
He had 5yrs at Weatherford and about 7.5 yrs at Haliburton prior to that.
If he hasn't already, it would be a vote of confidence if he bought a few sub tge placing price. |
A new Commercial Director!
hxxps://www.enteq.com/news-media/2024/11/enteq-exhibiting-at-adipec-with-new-commercial-director-stephen-kellett/
This increase in overheads was not mentioned in any of the information produced during the recent fund raise.
With my "glass half full" view maybe the Board can see SABER's commercialisation coming sooner than previously thought. |
Plus ça change.
All we get is how great the market is going to be for SABER and that it is a "natural fit" for the future!
I echo ValueHurts comment - at least update us as to when the $100k relating to the Australia testing, which started in May (?), has been earned.
The only thing that NTQ has actually achieved this year is the halving of the share price. |
Gawd.. when are we going to get contract news.., |
 AI in drilling workflows makes sense and every increase in efficiency drives break-even prices lower and the total cost of the drilling hardware (reliability, shipping etc) a bigger % burden. Those costs will come under the spot light with SABER ready to address.
The big boys already utilise, the smaller-mid tier (NTQ targets) are begining to adopt.
"As AI enhances drilling precision and lowers downtime, operators will focus on cost savings across the entire drilling workflow. High-precision, reliable drilling heads become critical, as they need to work seamlessly with AI systems to maintain efficiency gains. This trend could drive demand for advanced, cost-effective drilling heads, with operators increasingly scrutinizing the value that each component brings. Manufacturers might face pressure to innovate and lower costs while still ensuring high-quality products compatible with AI-driven workflows.
Enteq’s SABER system, designed for cost-efficient, robust directional drilling, stands to benefit from this shift. SABER combines a solid-state system that reduces mechanical complexity with an efficient modular design. This makes it a natural fit for AI-driven environments, where reliability and low-maintenance tools align with operators' cost-efficiency goals. As AI adoption grows, systems like SABER that offer durability and compatibility with real-time data processing could gain an edge, especially if they demonstrate lower total cost of ownership and alignment with AI-driven optimizations." |
Sentiment will change and I do agree that SABER will help in adoption of various software capabilities to enhance efficiency. Look back to today at the end of October 2025. A different picture all together with demand, sales, cash and an enviable future in directional drilling work flows. |
Rath Dhu?
Never heard of them.
Taking part in the placing probably the only way to join at that size without displacing the price upwards.
Directors now in for 11.84%. |
PE would be interested. |
SABER looks interesting.
Typically, particularly in oil, if something like this has the potential to create a competitive edge then one of the bigger players would snap it up.
{ even if only to stop anybody else getting it. }
But does anybody know if Shell still have an interest and could block? |
I didn't know how to subscribe, so instead topped up on the open market. Got a better price anyway. |
Retail took up £100K of the £500K on offer. 70K investors approx.
No one should complain of dilution if they didn't act against it by taking up even a small allocation to compensate. |
Will they get their £500K from pi's and if so how much longer to wait to announce and close the gate? |
Good to see the directors taking part or all of their recent salary in shares. I can almost see that as soon as the directors have filled their boots with cheap shares we will have some positive news flow. |
1gw, NTQ is so miniscule and so dependent on one product line that has zero revenue I doubt funding outside of the recent offer or future debt/partnerships has any impact whatsoever. AIM in general, yes.
This goes bust or out in a trade sale at a good multiple of 5p imho and AIM cost of equity is of little influence to NTQ.
Just mho and I'm often wrong. |
By reducing the pool of funding available to AIM in general it will mean there is more competition for what funding is left. i.e. if Octopus (and others) stop funding certain AIM companies for IHT mitigation purposes then the pool of funding to AIM shrinks and the cost of equity is likely to go up for all AIM companies, isn't it? |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
