Enteq Technologies Share Discussion Threads

[1gw] 10/9/2022 08:15

'The new UK government is suddenly mad for fracking and Liz Truss appears to have something of a "drill baby drill" mindset (no bad thing at the moment).'

Merryn Somerset Webb in her opinion piece in the FT.

[rivaldo] 07/9/2022 12:08

For me the core business can be the catalyst even before any further news re SABER.

If NTQ can state in 14 days' time that they're trading very positively - in line with that 1.5p EPS forecast - then on a current year P/E of only 9.7 that should be enough to trigger decent interest here.

Any SABER news should then be the icing on the cake.

[p1nkfish] 07/9/2022 11:15

Yes, something to wake this up.
There comes a time when even the patient will question the reality if there is little proof.
That time is approaching.

[masurenguy] 07/9/2022 10:52

While the information flow has been very positive over the past few months, and the need to increase new global oil production is crystal clear, we really need a catalyst to stir the shareprice out of its deep slumber over the past 9 months.

[1gw] 07/9/2022 09:54

The MWD stuff feels like a bit of a sideshow these days. I really hope they can tell us in the AGM statement that they've been able to start the SABER live directional drilling tests.

[rivaldo] 07/9/2022 09:15

The AGM trading statement is on 21st September, so not long to wait.

Much to look forward to:

- the core business is surely doing better and better in the current environment in the energy sector and with the US drill count having increased so much in the last year
- hopefully we'll get an update on SABER and its continuing commercialisation this year

It's worth reiterating that the forecast for this year is 1.7c EPS, i.e around 1.5p EPS, with a closing cash pile of $3m against the £10m m/cap.

[1gw] 06/9/2022 12:21

On the NTQ site as well. Can't immediately see the key difference between this "launch" and the earlier "launch" in July. Unless the July launch was more internally/shareholder focused and today's is external "announced the launch"?

8th July:
"Enteq Technologies has launched its latest innovation in downhole drilling technology: the XXT-Hop series."


Today:
"Enteq Technologies (Enteq), the energy services technology and equipment supplier, has announced the launch of its latest innovation in downhole drilling technology: the XXT-Hop series."

[rivaldo] 06/9/2022 12:08

Another product launch just announced - encouraging that it can also be used in geothermal and in methane abatement:



"Enteq launches XXT-Hop series realtime communications solution for drilling
Created: Monday, 05 September 2022 10:00

Enteq, the energy services technology and equipment supplier, has announced the launch of the XXT-Hop series, a real time communications solution for RSS and MWD operations

The system will allow drilling contractors to access real time data during live operations and offers a more efficient solution for operating equipment, which can significantly improve drilling performance, efficiency and return on investment.

The communications device can be used in conjunction with Enteq’s innovative rotary steerable system (RSS), The SABER Tool, or configured to work with existing RSS and measurement while drilling (MWD) systems. It utilises drop-in modules, consisting of a transmitter fitted above the RSS, which connects with a receiver in the MWD string to offer seamless integration and send real-time drilling data to the surface.

The XXT-Hop series removes the need for physical connectors, dedicated collar lengths and enables logging while drilling (LWD) to be run below MWD equipment rather than above, taking it much closer to the bit.

A version of the XXT-Hop series is currently in development with a range of 25 metres, which would allow MWD to run above the motor, leading to notable improvements in tool life.

While the primary function of the XXT-Hop series is to support operators and drilling contractors in the oil and gas industry, but it has also been designed for the wider energy transition sectors which Enteq supports, such as geothermal drilling and methane abatement.

Neil Bird, VP Advanced Drilling Systems at Enteq Technologies, said, “The XXT-Hop series uses existing concepts and trusted technology to provide operators assurances on the reliability of the equipment, the value of the data being received and peace of mind that they have the right tools in place. Its implementation also negates the need to delay decision-making following analysis of data or downhole testing and will lead to significant reductions in downtime caused by unnecessary wear to equipment.

“This system’s readiness to be used with other RSS and MWD systems on the market, and integrate with existing fleets seamlessly, offers enhanced performance without the need for significant turnover of equipment. The XXT-Hop series is also ready for renewable or environmental applications, such as geothermal drilling and methane abatement, adding to its flexibility and versatility - a key consideration for operators in a new market landscape.”

The XXT-Hop series has been developed to meet market demand with an initial range of 5m / 16ft for standard equipment set up, and Enteq is currently developing a future version that will be suitable for ranges up to 25m / 80ft."

[p1nkfish] 01/9/2022 12:45

As there is an attempt to re-awaken old fields more directional drilling will probably be needed to access traps using existing rigs? A frustrating wait.

[rivaldo] 30/8/2022 08:39

The weekly rig count rose by 3 last week to 765, and is essentially stable at the moment and some 257 rigs higher than the rig count this time in 2021:

[p1nkfish] 30/8/2022 06:43

A Houston foothold makes sense to me for development or otherwise.

Need a close > 15.1p on volume & then we move imho.
Daily volume say 5x 3 month average = 150K+ approx might do it.
The 15p resistance appears quite strong.

[valuehurts] 30/8/2022 00:09

On the announcement of Neil Bird last year they said he would be based in Houston to develop SABER. Then they open the Cheltenham facility to allow "further development of the tool."

[valuehurts] 30/8/2022 00:02

Anyone else find it odd that they are keeping a large $2m freehold property in Houston when they seem to have only about 8 employees there?

[mjneish] 25/8/2022 22:59

China offshore rig count seems to be on the turn now. Not sure how this affects NTQ, but China is mentioned in their results.

[rivaldo] 18/8/2022 10:25

Thanks re the Oil Review article in post 1620 ValueHurts.

[valuehurts] 17/8/2022 23:21

If they didn't think they would deliver they wouldn't have been able to attract such good people to work for them for less than peanuts. They are all incentivised by their ownership. If the business fails, which is unlikely imho, they will get hurt more than us. They can also get very rich if they succeed, richer than us. But I'm glad they are not rushing they need the launch to be perfect, reputation will be everything going forward.

[valuehurts] 17/8/2022 21:17

Enteq an absolute steal at these prices but nobody has patience. Everyone wants the excitement. Management aren't incentivised to get the price moving while they can get paid in shares before the big move...

[valuehurts] 17/8/2022 21:14

Nice article from Suki Gill of Enteq in Oil review middle latest issue p.32-33 on MWD. Doesn't reference sabre specifically. https://www.oilreviewmiddleeast.com/current-issue

[rivaldo] 15/8/2022 08:16

The US rig count has drifted a tad for the last couple of weeks, but is still up 53% on a year ago:

[p1nkfish] 10/8/2022 23:08

Worth a read, lots of moving parts at play:

[p1nkfish] 10/8/2022 22:30

May come back to the table given the current mess.

[p1nkfish] 05/8/2022 22:47

SPR = Strategic Petroleum Reserve

SPR contract to purchase changes in US can support Oil in US by refilling the SPR at a pre-negotiated price. It can give producers confidence to invest knowing they have a customer waiting at a pre-known price. The SPR has been run down recently to help immediate supply. It is a useful change. Currently it's like a spot price with the producer taking more risk investing in new supply not knowing what price they will supply it to the SPR at when the SPR takes it.

“Under current regulations, the Department can enter into contracts for future delivery, but the price paid reflects prices at the time that product is delivered. By instead allowing for the price to be fixed at the time the transaction is executed between the parties, this regulatory change would provide greater certainty to producers regarding the revenues they could expect to generate if they produce more crude oil in the short-term, knowing that the Department has contracted to purchase these barrels at a previously agreed-upon price to replenish reserves.”

[p1nkfish] 04/8/2022 15:36

More of a platform company model?
Helping keep cap-ex and fixed costs down.