Enteq Technologies Share Discussion Threads

[p1nkfish] 11/8/2023 11:02

The volume matters too, spike day had over 50x average volume of the last 3 months whereas it has been much lower on the fall back. There are a few critical levels for the weekly and monthly close price it needs to achieve and it will need to overcome the 12p resistance signalled on the wick of the high volume day.

Just have to wait to see if they can execute appropriately.

Whatever anyone thinks, oil and gas are not going away anytime soon. A while back, last month or two, there was a serious article projecting peak demand is some considerable way off depending on where you look and growth in emerging markets.

Some have published 2028 peak, others out towards 2035 -2040.

This is from the IEA, MEDIUM TERM, global increased supply capacity - "Oil producing countries outside the OPEC+ alliance dominate plans for increasing global supply capacity in the medium term, with an expected rise of 5.1 mb/d by 2028 led by the United States, Brazil and Guyana. Saudi Arabia, the United Arab Emirates and Iraq lead the plans for capacity building within OPEC+, while African and Asian members are set to struggle with continuing declines, and Russian production falls due to sanctions. This makes for a net capacity gain of 0.8 mb/d from the 23 members in OPEC+ overall over the report’s forecast period."

[p1nkfish] 11/8/2023 10:51

Spikes ikely to be order of the day until it gets some momentum in revenue. There will be many looking to bail-out on the way up in price when they reach breakeven having held throughout the worst times. Each sale knocking the price back. Normal sort of PI behaviour and new money will replace the old and stale.

PEB is another likely to exhibit similar when that turns.

Timelines, who knows but the Perry statement was more positive than I expected and if taken as his true thoughts, given he has inside knowledge and market experience, 2024 should be noticeably different.

[1gw] 11/8/2023 09:59

Disappointingly brief spike on that news then.

I would hope things will move fairly quickly now, given the amount of time they've had to line things up for this moment. i.e. a number of regional partners and initial end-customers pretty much ready to go.

That should allow for further announcements on selection of regional partners at least. I guess they may leave announcement of individual customers (even on an anonymised basis) until one has successfully drilled a well using SABER.

Then by the time of the FY23 results in September hopefully a bit of detail on the forward roll-out.

I've been disappointed in the past though on SABER timelines.

[valuehurts] 10/8/2023 06:56

Wish this was ramped to high heaven!

[1gw] 09/8/2023 16:12

Blog article now out, saying much the same thing as the RNS but adding a little:

'During an extensive drilling programme, the SABER system met the test objectives, successfully generating steering forces to change the trajectory of a well (generating dogleg) in typical reservoir rock conditions. An independent survey has been conducted to measure the well trajectory and an expert review was conducted, both confirming the ability of SABER to provide sufficient steering forces for the target commercial applications.

Reflecting on the results Andrew Law, CEO at Enteq, said, “Since acquiring the technology from Shell, we believed SABER could change the future of drilling. The goal has been to optimise and verify that the technology can outperform the solutions available today. I am proud to say that we have achieved this, with a next generation tool which could transform oil and gas RSS performance, and also play a significant role in the energy transition.”
...
As part of the company’s growth ambitions, Enteq is currently selecting strategic industry partners in key global locations to support and accelerate market penetration.'

[p1nkfish] 09/8/2023 14:21

I know what you mean EZ but this market exists already, doesn't need to be created, and the product is based on Shell IP. Its a new pick & shovel in an industry needing cheaper overall costs of using picks & shovels.

[p1nkfish] 09/8/2023 14:14

Methane capture........

There are wells where the Nat Gas can be considered an annoying by-product. Relatively lowly priced & sometimes stranded from the transport system that can be expensive to reach. Flaring it is no longer so acceptable. What do you do with it as it's such a greenhouse gas, worse than C02?

One way round can be to route it back into an old well as storage. Possible SABER can help and another potential cost reduction. Reservoirs of methane can be documented and accessed if the price rises and/or lower cost transport networks are built nearby in future.

[eezymunny] 09/8/2023 14:12

Sabre sounds a lot like the Corac story to me (new oilfield tech to get more from depleted reservoirs IIRC). Never got commercialised but was ramped to heaven by every clueless poster.

Microcap trying to develop new tools on a shoestring. Competition will have R&D budgets many many times bigger.

It may come good of course, but I wouldn't own a single share until the first commercial customer had paid for it. We could be half a dozen fund raises from that....

[p1nkfish] 09/8/2023 14:00

Once proven it will look ripe to be picked-off and I would have no surprise for it to be at £50M+.
Dyor etc.

Today's RNS has perked me up, was becoming very cynical.

[p1nkfish] 09/8/2023 13:58

Doubt Enteq would sell unless to someone offering it to a wide audience.
An existing encumbent.
Probably cheaper, quicker, less risky, than developing their own IP even if they have a customer base.

Mentioning targetted green applications helps. All the majors need to look that way for ESG so it helps greenwash NTQ, a future encumbent acquirer and offer some diversification for sales.

A PE acquirer could fit nicely too as its a potential low cost base agile business that will be able to spin-off cash and with some IP protection - less commoditised.

Just my ramblings, I may be wrong (often am), dyor etc.

[masurenguy] 09/8/2023 13:39

I've been invested here for over six years and my last purchase was @11.2p in 2020. Today I topped up for the first time since then. Timing, as always, is key but a little further down the track Enteq could get taken out by someone like KOPX in order to get there hands on SABER to give them an edge in acquiring run down fields and also to keep it from being used by other competitors.

[pugugly] 09/8/2023 13:28

p1nkfish - Agreed timing is probably the key - Currently holding but under water.

[p1nkfish] 09/8/2023 13:25

See post 1856.

[p1nkfish] 09/8/2023 13:24

Encumbents will react, no doubt. I don't expect they will drop prices sufficiently to compensate for down time vs what SABER will probably offer in up time benefit. Hours are very expensive on a rig.

There is a market for purchasing old fields and carefully placing as few rigs as possible each able to tap multiple traps with minimal downtime.

[p1nkfish] 09/8/2023 13:18

Pug, the market is tightly knit in the US and I'm pretty sure Enteq would have done their maths on cost savings for adoptees and have one or 2 in the wings for quick customer acquisition, well before year end. They promoted heavily in the ME too a while back.

The first 1 or 2 might be at reduced margin to Enteq to speed it up but give reference able cost savings as part of future sales collateral. Proven commercial proof of total costs. I have no idea how many run hours that would be. Hopefully not 1000's. 1000 being 42 days at 24hrs per.

In other words, before Christmas, expect a major change in complexion as far as the risk/reward is concerned.

If they don't drop the ball the growth could be rapid but therein lies the rub. Will they need funding and will patient PI's get a chance to take part if they do?

Past SABER promotions will have provided prospects too, probably just needing proof of reliability, capability, and expected savings. Growth could be quite rapid imho.

[1gw] 09/8/2023 12:02

FWIW covered by Zak Mir today, with an encouraging end-month target, which may account for some of the noise.

[1gw] 09/8/2023 11:44

What a lot of noise.

FinnCap note doesn't add much although its spin on commercial trials is perhaps encouraging:

"Enteq is expected to select its first regional industry partner shortly to start commercial trials."

I think that suggests they might have news by the time results are published.

[johnjames876] 09/8/2023 11:01

Donkey what happens to jay

[firestorm911] 09/8/2023 10:57

15p close?

Then we attack 19.11p tomorrow morning? Who knows.

Regards,
F911
RMC

[firestorm911] 09/8/2023 10:47

Back up again, we are buying a lot more now.

Enjoy.

Regards,
F911
RMC

[pugugly] 09/8/2023 10:23

Take care rampers trying to sell out by appearing over positive - IF future Sabre trials with commercial customers proves its value then possibly a bagger+ but if not then a retrace and further fall. But probably looking at timeline of many many months.

The proof or otherwise will be in the drill bit.

[johnjames876] 09/8/2023 10:15

Done and doneRia has called in his other lse alias Gordon Bennett to continue the pumpEarl of aim has already sold outAnd no one else is talking about it