 An official launch for SABER....
"Enteq announces launch of SABER Vertical drilling solution
Published by Alfred Hamer, Editorial Assistant
Oilfield Technology, Tuesday, 18 March 2025 10:15
Enteq Technologies, an energy services engineering and technology company, has launched SABER Vertical, a drilling solution designed to enhance efficiency and reduce operational complexity for vertical and top-hole drilling.
Enteq announces launch of SABER Vertical drilling solution
SABER Vertical extends the existing advantages of Enteq’s directional drilling rotary steerable system (RSS), The SABER Tool, to vertical drilling, offering a low-service requirement and modular design that minimises both equipment needs and overall costs.
In regions such as the Middle East and Africa, vertical wells are often drilled in remote and demanding environments, making traditional methods expensive and logistically complex. Engineered in response to market demand and industry challenges, this innovative solution provides operators with greater accuracy, control and wellbore stability, helping to deliver a lower total cost of ownership than other systems available today.
The modular design enables adaptability to multiple hole sizes, reducing equipment requirements and enhancing operational flexibility. Its optimised wellbore stability improves drilling accuracy and control, ensuring greater precision throughout the process. The solution is also low-risk and can be deployed globally in a variety of environments, making it a practical and scalable option for operators worldwide.
Andrew Law, CEO at Enteq, said: "SABER Vertical is the result of listening to our customers and understanding the unique challenges of the market. It is inevitable that incumbent solutions for these applications are expensive due to the required large tool size, limiting commercially suitable options available to the market. With its compact design and cost-effective nature, SABER Vertical delivers a much-needed alternative, helping operators improve efficiency without compromising on performance." |
Slightly odd piece to put out 6 weeks into the formal sale process, but perhaps keen to impress on potential partners that it is business as far as possible as usual? |
There may well be, but I think the rules allow them quite a while.
Ten working days for a standard holding declaration I believe.
Don't know about a trade of >1%. |
surely there will be an RNS today for the buy trade yesterday of 1.75 million shares
or what are the rules for that ? |
The HEX scammers are out in force today |
HEX leak at montana site |
Hopefully this movement is also not somebody knowing something. |
7p would not be a shock to me and not a stretch if SABER "wrinkles" are known to be relatively minor. I dont look at LSE. |
No idea until a firm offer arises. Interesting management have such a large holding as well as the company working on behalf of the company having a holding too. Alignment.
If SABER works its worth quite a few bob in the hands of a group with market reach.
I liked the target business model. |
Amusing contrast between the calm here and the frenzy of posts and speculation about 10p a-coming on the LSE bulletin board.
Hopefully there's something concrete behind all this and not just a ramper's plaything. |
?
Just ignore. |
Fonzi has sold 57181 shares Off he runs |
Old fonzi making out its nt to buy when u can buy at 2.7p |
Might we be pleasantly surprised by the final sale price?
7p+ ? |
If they can convince interested parties SABER will get through final testing then we should see some decent upside. The business model makes total sense with an easy to ship rental model and a product offering improved cost-effectiveness to the mid-market. |
Certainly looks like somebody knows something? |
No idea but if part of remuneration say at 1.2p they are pretty cheap unless they get a much better return than 1.2p, £18K.
1.5M shares. |
Do we know if they bought them? Or if that is all, or part of their fee? |
Interesting, GNEISS Energy are working on behalf of NTQ for the sale and are now a holder at 1.4%.
Good to have them on the register as they align well now to maximise return - if there is any. |
Unlikely. The wording was open honest and transparent. Risks were spelt out. |
Register for streaming realtime charts, analysis tools, and prices.
Hot Features
Premium
