Enteq Technologies Share Discussion Threads

[firestorm911] 09/8/2023 09:40

Could go to 19.11p who knows.

Regards,
F911
RMC

[johnjames876] 09/8/2023 09:34

New short opened at 10pTake it to 5p just for Ria

[eezymunny] 09/8/2023 09:33

"Great to see the mention of the very trendy methane capture"

Entry to the fashion market? Do they sell methane capture on Boohoo now FFS?

What a load of drivel.

[1gw] 09/8/2023 09:04

This is where we need follow-up blogs/articles/interviews to build the momentum and make sure the appropriate spin is put into the investment (and customer) marketplace.

[p1nkfish] 09/8/2023 08:58

1gw, it maybe bad wording. Ideally "intending" would become "intended".

Anyway, a sense of some relief to read Perry's positive comments.

There is more than just hope here. 2) & 3) now matter. 4) will happen.

[p1nkfish] 09/8/2023 08:56

Geothermal, would like to know the maximum temperature and intended applications as Geothermal is not a single market. Higher temperatures the better. There are needs across the spectrum but at the highest temperatures there is real impact.

Overall a good read.

Would love to see this turn into an impactful company with a game changing product leading to profitability and higher share price

Cost structure suggests even moderate sales will show up in value.

TBD.

[1gw] 09/8/2023 08:53

Excellent. Only concern is they appear to be backing away slightly from the prospect of imminent customer trials.

"Enteq will continue working with strategic regional industry partners to operate the SABER system, intending to conduct customer trials in a commercial environment, whilst continuing to engineer further performance enhancements identified during testing."

But could have been much, much worse, so let's hope this gives the market sufficient confidence to re-rate the shares.

[p1nkfish] 09/8/2023 08:52

Only just saw your comment riv - yes!
Very good.

[p1nkfish] 09/8/2023 08:51

1) positive news in testing - TICK.

RNS reads well and........Martin Perry........"There are exciting times lying ahead for Enteq with the game-changing SABER Tool's commercialisation."

I think 4) is coming and beyond Enteqs' control so 2) & 3) next.

As for engineering further enhancements, to be expected as it evolves. What are these enhancements? May be to address more applications not yet covered........"steering forces to change the direction of the well at angles typically expected by the industry for many applications."

Many applications is good, more applications is better still.

[rivaldo] 09/8/2023 08:50

There you go p1nkfish, number 1 on your list is now ticked off :o))

NTQ are "delighted" with the results of SABER's drilling tests.

Great to see the mention of the very trendy methane capture alongside geothermal and the core O&G market.

I like this closing comment:

"There are exciting times lying ahead for Enteq with the game-changing SABER Tool's commercialisation"

[p1nkfish] 07/8/2023 16:10

With a bit of luck we get, all together:

1) positive news on testing
2) results that are not totally horrendous
3) news of positive adoption, some customer
4) a turn in the oil services sector sentiment - coming

It can double + + on the back of SABER if they don't screw-up or shaft the pi's with a dilution funding we are blocked out of.

If 3 of the 4 happen (if not all) they need to be out there shouting and promoting the company like mad after the results and news.

[1gw] 01/8/2023 10:51

Enteq communication strategy does seem bizarre.

FY23 results delayed twice, no word on the US SABER tests that its broker thought were due to start last month, but posting on linkedin about the fun they're having in their new offices!

Certainly doesn't look like a team worried for the future.

[p1nkfish] 31/7/2023 16:22

Might be a funding round depending on proof of Saber operation ?

Agreed makes sense to release results when they have Saber tests done.

Their market facing face is poor though.

[1gw] 31/7/2023 15:14

I agree it might be sensible to delay the results presentation and AGM until after the testing is finished, but the results could still have been published with appropriate commentary on the reason for delaying the presentation.

If they have delayed because they are waiting for SABER testing to finish then why not say so instead of blaming diary problems.

And whatever the reason for the delay in results, if they have started US testing, just tell shareholders that is the case. That would at least indicate that things are moving forward. The suspicion now, surely, is that the tests didn't get underway in July?

[somerset lad] 31/7/2023 15:06

FinnCap said in April that testing in the US was scheduled for July and August. Assuming that’s not changed, it seems sensible to announce financial results (which are really only of interest for the cash level if you think SABER is the major source of value) and US test results together, otherwise the financial results meetings descend into 101 ways to ask how the US tests are going, and whatever else they learnt from Norway, a drip feed / running commentary on ongoing trials is not good. I agree comms have been poor - today’s 9.30 am RNS should have been issued well before the expiry of the “July” deadline.

[p1nkfish] 31/7/2023 14:54

It's not as if they have a massive amount to manage now they have sold off the existing product lines. What am I missing?

[1gw] 31/7/2023 14:21

Bit of a shambles isn't it, at least on the communication side?

12th April: expect to release results on 20th June
1st June: expect to release results in July
31st July: expect to release results week commencing 18th September

This latest delay blamed on "auditor and company availability and bandwidth in the audit process."

The mid-morning RNS leaves at least a suspicion that by effectively hiding the 1st June announcement in an RNS on the issue of shares, they had forgotten about the commitment until reminded by a grumpy shareholder sometime after 7am this morning.

I find it incredible, having allowed finnCap to publish a report suggesting the US SABER testing would by now be underway, that they don't even take the opportunity of today's RNS to update investors on what the current plan is for this testing.

I hope there is a further RNS very soon with an update on SABER.

[p1nkfish] 31/7/2023 10:47

Luck is a fickle mistress.

[valuehurts] 31/7/2023 10:23

Another concern is a delisting. It would save them money not being a public company and would not effect the management shareholdings. I would probably just hang on to my shares, maybe even buy a few more as people dump into the market. There really is no benefit for them to be listed currently with complete apathy in the shares.

[valuehurts] 31/7/2023 10:09

Management buyout is the big concern at these prices. Hopefully they have not been cooking something up.

[mjneish] 31/7/2023 09:48

Luck is pretty much what you don't want to need to have when you are introducing game-changing technology while your tank is gradually running dry.

[p1nkfish] 31/7/2023 09:36

18th Sept.

[1gw] 31/7/2023 09:00

"David will remain with the Company until the end of July 2023 to ensure an orderly handover of responsibilities."

Did the results publication ball get dropped in the handover?

[p1nkfish] 31/7/2023 08:44

They don't have a lot of gas in the tank if they hit snags too.

Need some luck.