Enteq Technologies Share Discussion Threads

[riddlerone] 02/3/2021 07:18

Good Morning guys,sfter reading the interesting Rns this morning thought I might do a little research and find familiar faces here in abundance.This looks really interesting right sector lots of cash and a new innovative product.

[rivaldo] 02/3/2021 07:11

And here is that news re the RSS project - great to see it progress smoothly into next stage field trials. As the CEO says, a "game changer" for NTQ no less.....



"Launch of a new Directional Drilling System - the SABER Tool

Enteq, the energy technology company, is pleased to announce the launch of its disruptive alternative to traditional rotary steerable systems (RSS) ; the SABER Tool (Steer-At-Bit Enteq Rotary Tool). The SABER tool, an evolution of the concept proven and tested by Shell and then licensed to Enteq, is now ready for next stage field trials.

The SABER tool uses internally directed pressure differentials to steer from the drill bit face, delivering true "at-bit" geosteering. This mechanically simple design also removes the need for traditional pistons and pads that are susceptible to reliability issues - an approach which can create a smoother and more precise wellbore with easy to manage directional control. SABER will offer a robust, reliable, simple and cost effective directional drilling alternative to current RSS options.

Enteq licensed the designs and intellectual property from Shell in September 2019, following successful initial trials, before assembling a technical team with more than 150 years combined RSS and directional drilling design experience, mostly based in the UK.

The global RSS market is estimated at $1.8 bn for 2021 and the initial version of the SABER tool will be able to compete in approximately 40% of this market. Source: The Insight Partners Analysis.

Further information can be obtained from

Andrew Law, Enteq's Commercial Director, commented:

"Enteq's independent status, established engineering expertise and history as a trusted company with reliable downhole products, make us the ideal candidate to enter and disrupt the RSS space. With our expert engineering team and access to market, I am confident that the SABER Tool will be a great success."

Martin Perry, Enteq's CEO, commented:

" The directional drilling market today is dominated by RSS designs supplied by a small group of companies which have been largely unchallenged. However, efficiency of directional drilling is becoming increasingly imperative. It is essential to control costs, minimise downtime and maximise reliability and drilling speeds in order to remain competitive and reduce the impact of drilling. The SABER tool will prove to be a more accurate, agile and cost-effective alternative to existing RSS offerings. This product introduction should be a game changer for Enteq in terms of the market size which will be addressed and through the disruptive nature of the technology."

[p1nkfish] 01/3/2021 09:40

Geothermal could surprise.

[1gw] 01/3/2021 08:56

Good to see someone else taking an interest and talking about it. What he says about liquidity is very real, but it can work both ways of course - if we do get encouraging news (e.g. progress with the RSS project, a more material rebound in US rig count, further contracts in China or Saudi or with geothermal) then the move up could be swift and not need much volume.

[mr doughnut1] 28/2/2021 10:05

Posted by Contrariwise over on LSEhttps://www.youtube.com/watch?v=TEVDqChzfUg

[1gw] 25/2/2021 14:42

Looks like someone has decided to buy some more from the trade activity.

[mr doughnut1] 25/2/2021 14:24

Riv, just wondered if you were thinking of increasing your holding here?

[rivaldo] 25/2/2021 12:28

Excellent news. Miton now own 11.73m shares here, so a big vote of confidence in an £11m m/cap company.

[1gw] 25/2/2021 12:05

So Miton have 17% of this now. Good for them. I imagine that includes the 9% held in Miton UK Microcap, although it is not clear from either individual notification.

Today's notification is as of 19th Feb, the same date as the Miton UK Microcap notification. Still waiting to see who the seller was.

[1gw] 22/2/2021 13:53

Miton UK Microcap buying then. By my calculations, they've added around 2.2m shares since 20th November, or 2.7m from 17th November.

Presumably another holdings notice due from the seller.

[1gw] 22/2/2021 09:15

Missed the excitement on Friday. Look forward to seeing an RNS.

In the meantime, good to see 17p paid today.

[p1nkfish] 19/2/2021 17:46

Someone sees a reason to buy big at 15p.

[mr doughnut1] 19/2/2021 17:24

Exactly 16 percent of all available stock traded today. Should get some RNS updates to confirm who the lucky new holders are in due course.

[p1nkfish] 17/2/2021 08:45

The bebacle with wind turbines freezing in US and power outages will help geothermal uptake over there.

[p1nkfish] 16/2/2021 09:16

I suspect not so very far off.

[1gw] 16/2/2021 08:42

Indeed. If they could get geothermal into the mainstream that could transform the market for geothermal drilling. Sounds like we're a way off that yet, but it clearly has potential.

[p1nkfish] 16/2/2021 07:29

Interesting news out of Eavor today and just the sort of future customer to target. bp ventures and Chevron funding.

[p1nkfish] 15/2/2021 08:30

Heading to 65 in all likelihood.
Can't be too long before NTQ new product release and associated press and billings. What about software? Anything there for control and data logging.

[1gw] 15/2/2021 08:03

And now over $60/bbl for WTI.

[rivaldo] 10/2/2021 08:29

A powerful appointment, and some exciting comments as below.

Are there any oilies here who have any idea on what these things might sell for and the potential market size if NTQ even gain a 1%-2% foothold?

"Neil commenting on his appointment, said:

"When I first began talking to Enteq about this role, I was sceptical. Here was a company not currently active in the RSS market, and with a concept that takes a fundamentally different approach to traditional RSS and directional drilling tools. However, on closer examination, it became clear this is an incredibly exciting project to be part of.

"Not only was I convinced by the management team that this was a company with ambition and momentum, I was also encouraged by Enteq's operational and engineering track record for downhole solutions, and reputation as a trusted independent supplier. What's more, looking at the concept in detail, it was clear that every technology in here is field-proven. It simply took that stroke of inspiration to combine it for a new, elegant alternative to existing RSS design. I've been in this industry a long time now, and it's rare to see such effective innovation."

[p1nkfish] 10/2/2021 08:04

Give it time, heading much higher imho. Dyor etc.

[1gw] 10/2/2021 07:58

"I've been in this industry a long time now, and it's rare to see such effective innovation."

Nice quote from the new guy. Let's hope he, and the product, can deliver.

[1gw] 02/2/2021 14:01

WTI now at $55/bbl.

[p1nkfish] 30/1/2021 13:51

Worth a read and NTQ, with Shell capabilities, could benefit from this even if shale takes a big hit.

[1gw] 05/1/2021 19:28

With WTI back at $50/bbl and the prospect of a return to something like normal life (travel/work) in the next few months, you would have thought we might be due a rerating here. Clearly US rig numbers have still got a long way to go to get back to the 1000 level of not so long ago, but watch the number continue to climb if oil can steady at or above this sort of level.

I guess republicans keeping control of the senate would be another positive step.