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  6. Enteq Technologies Plc (NTQ)

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NTQ

Enteq Technologies Plc

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Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Technologies Plc LSE:NTQ London Ordinary Share GB00B41Q8Q68 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
Upgrade Icon
  0.00 0.0% 10.00 11 08:00:00
Bid Price Offer Price High Price Low Price Open Price
9.50 10.50 10.00 9.90 10.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Field Machy, Equip 7.31 -0.79 -1.10 - 6.78
Last Trade Time Trade Type Trade Size Trade Price Currency
12:54:22 O 11 10.50 GBX
Related Shares
Bp (BP.), Harbour Energy (HBR), Curzon Energy (CZN), Echo Energy (ECHO)

Enteq Technologies (NTQ) Latest News

Enteq Technologies News

Date Time Source Headline
01/6/202314:30UKREGEnteq Technologies PLC Issue of Shares and Director/PDMR Shareholdings
01/6/202309:25ALNCNewsIN BRIEF: Enteq appoints Richard Irvin's Mark Ritchie as CFO
01/6/202307:00UKREGEnteq Technologies PLC Appointment of new CFO
12/4/202314:34ALNCNewsEnteq sells XXT intellectual property; expects annual swing to loss
12/4/202307:00UKREGEnteq Technologies PLC Sale of XXT and Year-end Trading Update
29/3/202312:39ALNCNewsEnteq Technologies sells property to support Sabel tool product
29/3/202307:08UKREGEnteq Technologies PLC Sale of Property
15/2/202311:32ALNCNewsEnteq completes preliminary live drilling testing for tool Saber
15/2/202307:00RNSNONEnteq Technologies PLC SABER Tool Update
16/11/202213:25UKREGEnteq Technologies PLC Director/PDMR Shareholding

Enteq Technologies (NTQ) Discussions and Chat

Enteq Technologies Forums and Chat

Date Time Title Posts
02/6/202300:42Enteq Upstream plc1,908
15/9/201507:14*** Enteq Upstream ***2

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Enteq Technologies (NTQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
11:54:2210.50111.16O

Enteq Technologies (NTQ) Top Chat Posts

Top Posts
Posted at 01/6/2023 09:36 by p1nkfish
If they need to raise it's likely via PE as the public markets don't have much appetite currently.

The longer delays to commercialisation the weaker NTQ bargaining hand against PE sharks no doubt more commercial than NTQ management.

Get a move on. Even forcing it to go bust can be in PE favour as they pick over the bones on the cheap.

No time to waste, get some orders to strengthen bargaining hand.
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Posted at 18/4/2023 22:51 by p1nkfish
Whatever green initiatives are pushed there's no getting away from oil and gas for years and the Capex spent isn't enough as it has been dissuaded. Output is likely to roll-off faster than demand and price volatility likely the result with an uptrend.

The quick way to new supply is exploiting existing infrastructure and going lateral to previously unexploited oil traps in older fields.

I don't know how far a lateral drill may have to travel but did hear 2Km is possible.
Why dies that matter? RELIABILITY.
Try pulling back a drill head 1Km+, replace and re-position. T quick operation.
A more reliable directional head capable of lateral = $$$'s saved.
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Posted at 12/4/2023 09:32 by p1nkfish
SP is in "show me now". Risky and this market doesn't give a toss about IP or new tech. More realism than for quite a while.

Posted a while back.

Interesting model in the US shown by King Operating and certainly should be a target customer. They buy rights in old fields, usually vertically drilled, improve well access with directional drilling and extract value. Up-time critical for payback and cost efficiency overall.

SABER is a natural for this.

"Mauldin Economics - "Bottom line: One potentially significant upside in oil and gas investing is not just the actual price of oil and gas (which is important!), but the increase in the value of proven and probable reserves in the field. Think of it as buying an older apartment complex in a good neighborhood, doing a complete renovation, increasing the price of the rent and then selling the complex at the new increased value. Essentially, what my partners at King Operating do is buy the rights to drill in an older but proven field in a “great neighborhood.” Typically, the older fields were all vertical wells, but you can improve the value of that old field by doing horizontal drilling and fracking. (Oil and gas is a risky business and past performance is not indicative of future results.) It's more complex than that, but that is the essence."

Https://www.kingoperating.com/

SABER needs to be out quickly, the competitive landscape is moving."
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Posted at 12/4/2023 08:17 by p1nkfish
I see it as a sensible move as the whole MWD area has commoditised massively.
A downward spiral in price and profit potential that could crush a small listed company like NTQ.

SABER offers a potential upward spiral in opportunity & profit. Now all hands on deck for a successful launch.

Anyone remind me who the partners are?

"........complementary technologies, which are being developed in-house and with partner-agreements."
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Posted at 12/4/2023 07:36 by rivaldo
NTQ have received $3.16m for a division which was losing $2.24m per annum. Which strikes me as a perfectly good decision with other priorities in hand.

NTQ now have a $8.5m cash pile in hand against the $7.7m m/cap, which should be more than enough to finance the final commercialisation of SABER through this year.
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Posted at 02/3/2023 20:18 by somerset lad
1gw, I asked about change of control provisions in a webinar a while ago. My notes say: "20.8.20: no change of control clause in the Shell contract, so NTQ could be taken over and buyer would access that technology."
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Posted at 30/1/2023 11:18 by 1gw
Xrig posted (3 days ago) that they are now drilling. Could NTQ be the client, or one of the clients, for this well? If not, will NTQ have to wait for this test to finish before the SABER test can begin? (All assuming that they are using Xrig.)

"We are extending one of our wells from 466 meters to almost 1000 meters. This is performed testing new directional drilling equipment for our valued clients."

hTtps://www.linkedin.com/feed/update/urn:li:activity:7024374471511683072/
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Posted at 12/1/2023 00:59 by valuehurts
As long as they don't come out and say that the drill needs more work. Better to just fix it and get it working. I dont fancy the share price going down 50 60 percent again unless v necessary.
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Posted at 23/11/2022 08:52 by somerset lad
The scenario in which there is an equity capital raise is:

(i) SABER passes its downhole testing in Norway and testing with the two initial customers; and

(ii) NTQ has invested the following cash in the SABER fleet: (A) its $2.5m cash; (B) the proceeds from selling the Houston freehold (say $2.2m); (C) the proceeds from the unwinding of (most of) its MWD receivables; (D) the $1m HSBC facility ; and (E) cash payments received from initial renters of SABER kit; and

(iii) NTQ still can't keep up with demand for SABER.

If we get to that point, there will be very positive forecasts in the market (since SABER is set to be a high margin product), the share price will have re-rated considerably, and NTQ will presumably have the option of raising debt off the back of demonstrated demand and cash returns on existing SABER kit.

Management has quite large equity stakes (including shares acquired in lieu of salary) and has every incentive to be wary of dilution.

Andrew Law said that needing more money to ramp up the SABER fleet would be a nice problem to have and I agree.
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Posted at 27/10/2022 13:32 by sturmey
As a holder since 2013 (first purchase 10,000 shares@52p - ouch), NTQ has been one of my worst investments. Almost as bad as some of my forays into oil E&P (eg Aminex - ouch).

Over the past 9 years, I have probably read every single RNS and perpetually looked for "light at the end of the tunnel". Good example of "jam tomorrow"?

But I have kept faith with the management and have not given up yet.

I recently re-read 1gw's notes of the AGM and also watched the recent video (available on youtube) of a couple of months ago, where Andrew Law sums up the SABER situation.

1gw draws the analogy (IIRC) with biotech companies where success is a binary bet on one product. But a difference with NTQ is that NTQ is cash rich and has no debt.

Whichever way you look at it, NTQ has elements of a binary bet on the success of SABER. But with the stock trading at just over half tangible book value, I would argue that the upside is considerably greater than the downside.

Add the possibilty of a management buy out or a takeover, and I think there is a compelling case to buy at the current price of 8p

I have put my money where my mouth is and increased my own shareholding considerably over the past few days. There appears to be more stock on offer at 8p despite ADVFN showing a spread of 7.50 to 8.50.
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