Enteq Technologies Share Discussion Threads

[rivaldo] 23/3/2021 12:27

NTQ last week posted this video about the new RSS product - a useful introduction, and amusing to see the difference in presenting style between Neil Bird and the American host....

[p1nkfish] 14/3/2021 12:15

The end game is out in the open. Emphasis mine, below.

"Enteq is managed by a team that successfully grew, by a buy and build as well as organic growth strategy, a similar technology based business FROM AN EQUIVALENT SCALE TO ENTEQ TODAY through to an ULTIMATE SALE to GE for $600m."

"As set out in a separate announcement, the Board has today announced its orderly succession plan that will enable and support the delivery of a focused strategy for technology innovation and earnings growth in a CONSOLIDATING sector."

[p1nkfish] 14/3/2021 11:07

Do some basic maths on the below.
Every 1% captured of the 40% is $7.2M revenue.
3%-5% capture is not an unreasonable expectation.

"Enteq highlighted the global RSS market is estimated to be worth some US$1.8bn in 2021, and, that SABER will be able to compete in approximately 40% of that market."

[1gw] 10/3/2021 09:25

Chart seems to be responding, slowly and with a lag, to the oil price move.

[p1nkfish] 07/3/2021 21:59

Houthi attack on Saudi oil tank. Chance oil price will pop-up.
Big boost would come if Biden winds back some changes to maintain energy independence if oil rises by much for a while. US would be in a right mess if oil spikes for long enough.

[1gw] 05/3/2021 11:15

No apparent interest in NTQ trading before 11am despite the oil price spike, then a whole lot of trades put through in 2 or 3 minutes. [Edit: although from the London South East listing it looks like quite a few of the trades shown on advfn are actually deletions from an earlier day.]

On a 5-year WTI chart, current price looks pretty good.

[1gw] 05/3/2021 10:47

WTI back above $65/bbl at the moment. Article below covers various analysts' updated forecasts.

[1gw] 05/3/2021 06:39

Bloomberg reporting this morning that Goldman Sachs have moved up their (Brent) oil price forecast to $75/bbl in 2Q and $80/bbl in 3Q following the OPEC+ meeting.

CNBC had an analyst on suggesting the forward curve was strong enough for US shale producers to lock in profitable prices, so enabling them to commit to drilling with low pricing risk.

[1gw] 04/3/2021 13:55

A fair few (apparent) buys going through today without moving the (quoted) bid. Perhaps a seller feeding them?

[rivaldo] 02/3/2021 14:05

NTQ have put today's news on their web site, with a couple of interesting little additions....



Firstly, "Enteq expects the SABER Tool to be commercial during 2021"

And a further quote from the new Product Director:

"For directional drilling, it’s like what Dyson did for the vacuum cleaner, or the step change from tricone to PDC drill bits.”

I see Octopus have been selling some - hopefully Miton are continuing to take up the slack.

[riddlerone] 02/3/2021 12:21

Yes its quite therapeutic,been looking through their history and more importantly recent developments and shareholdings.The latest Investors Meet was quite informative and management seem very capable of pushing this new venture forward.I assume that todays RNS ties in with the Miton increase which in itself also looks promising.

[1gw] 02/3/2021 11:49

Good morning riddlerone. Good to see you looking in over here. A bit quieter even than the byotrol board, this one.

[p1nkfish] 02/3/2021 08:45

I dont know.
I do think Geothermal will be bigger than expected in next 5 years.

[p@] 02/3/2021 08:36

Why only oil and gas, what about mining?

[p1nkfish] 02/3/2021 08:30

You don't put WILL PROVE in an RNS unless you can prove it. Encumbents will have worthy, aggressive, hungry competition. My money is on NTQ. Put my money where my mouth is, own quite a few.

[p1nkfish] 02/3/2021 08:28

TAM is about 700M. If they catch 5% (pessimistic) its 35M. They should catch more - read "will prove", emphasis mine.

"The SABER tool WILL PROVE to be a more accurate, agile and cost-effective alternative to existing RSS offerings."

[p1nkfish] 02/3/2021 07:22

And not expensive.

[riddlerone] 02/3/2021 07:18

Good Morning guys,sfter reading the interesting Rns this morning thought I might do a little research and find familiar faces here in abundance.This looks really interesting right sector lots of cash and a new innovative product.

[rivaldo] 02/3/2021 07:11

And here is that news re the RSS project - great to see it progress smoothly into next stage field trials. As the CEO says, a "game changer" for NTQ no less.....



"Launch of a new Directional Drilling System - the SABER Tool

Enteq, the energy technology company, is pleased to announce the launch of its disruptive alternative to traditional rotary steerable systems (RSS) ; the SABER Tool (Steer-At-Bit Enteq Rotary Tool). The SABER tool, an evolution of the concept proven and tested by Shell and then licensed to Enteq, is now ready for next stage field trials.

The SABER tool uses internally directed pressure differentials to steer from the drill bit face, delivering true "at-bit" geosteering. This mechanically simple design also removes the need for traditional pistons and pads that are susceptible to reliability issues - an approach which can create a smoother and more precise wellbore with easy to manage directional control. SABER will offer a robust, reliable, simple and cost effective directional drilling alternative to current RSS options.

Enteq licensed the designs and intellectual property from Shell in September 2019, following successful initial trials, before assembling a technical team with more than 150 years combined RSS and directional drilling design experience, mostly based in the UK.

The global RSS market is estimated at $1.8 bn for 2021 and the initial version of the SABER tool will be able to compete in approximately 40% of this market. Source: The Insight Partners Analysis.

Further information can be obtained from

Andrew Law, Enteq's Commercial Director, commented:

"Enteq's independent status, established engineering expertise and history as a trusted company with reliable downhole products, make us the ideal candidate to enter and disrupt the RSS space. With our expert engineering team and access to market, I am confident that the SABER Tool will be a great success."

Martin Perry, Enteq's CEO, commented:

" The directional drilling market today is dominated by RSS designs supplied by a small group of companies which have been largely unchallenged. However, efficiency of directional drilling is becoming increasingly imperative. It is essential to control costs, minimise downtime and maximise reliability and drilling speeds in order to remain competitive and reduce the impact of drilling. The SABER tool will prove to be a more accurate, agile and cost-effective alternative to existing RSS offerings. This product introduction should be a game changer for Enteq in terms of the market size which will be addressed and through the disruptive nature of the technology."

[p1nkfish] 01/3/2021 09:40

Geothermal could surprise.

[1gw] 01/3/2021 08:56

Good to see someone else taking an interest and talking about it. What he says about liquidity is very real, but it can work both ways of course - if we do get encouraging news (e.g. progress with the RSS project, a more material rebound in US rig count, further contracts in China or Saudi or with geothermal) then the move up could be swift and not need much volume.

[mr doughnut1] 28/2/2021 10:05

Posted by Contrariwise over on LSEhttps://www.youtube.com/watch?v=TEVDqChzfUg

[1gw] 25/2/2021 14:42

Looks like someone has decided to buy some more from the trade activity.