Enteq Technologies Share Discussion Threads

[dolittle1] 18/11/2021 07:58

More jam tomorrow while cash balance reduces.

[p1nkfish] 18/11/2021 07:57

Results just as expected, not the least bit surprised. Only had ro look over last 2 sets to see the trend.

2022 will be interesting, and I think in a positive way interesting.

[masurenguy] 18/11/2021 07:31

Sales down 11%, losses up 70% and cash down 40%. Some optimistic outlook comments for H2 but a lot seems to be riding on the success of SABER !

[1gw] 17/11/2021 14:23

A bit more colour on the testing that they've been doing on SABER.

[dodkins] 15/11/2021 23:53

I've got NTQ Results in my calendar for Thursday. Can't remember where I saw it. Is that right?

[p1nkfish] 14/11/2021 11:40

Recent news is prepping for a sales push I expect will deliver success and to make sure no selective disclosure at the show before the market is made aware of developments.

With such a high insider holding % they have every incentive to succeed.
Happy to hold with the insiders.

Full steam ahead.

[1gw] 10/11/2021 08:06

2 RNS Reach announcements in 3 days. At the AGM they asked about RNS Reach as a way of getting investors' attention. So it's beginning to look like this might be the start of the implementation of a communications plan designed to re-engage with investors as business picks up with the commercialisation of SABER.

Interims next week which may be a chance to give some feedback from ADIPEC on customer interest in both SABER and the 2 product lines announced today. And hopefully an IMC meeting shortly afterwards.

[masurenguy] 10/11/2021 07:08

Some positive sales developments !

Exclusive distributor agreements

Enteq Technologies is pleased to announce the signing of two exclusive distribution agreements with third-party technology providers to enhance and complement Enteq's product range.

Enteq has signed an agreement with Houston, Texas, based Erdos Miller, Inc. to be the exclusive distributor outside North America for two of their major product lines. These industry leading technologies include specialised products for improving signal detection and MEMS (micro-electro-mechanical systems) directional sensors. The agreement will expand Enteq's range of available technologies offered to international customers. These products are fully aligned with Enteq's existing portfolio; both SABER (Steer At-Bit Enteq Rotary) and MWD (Measurement While Drilling). Enteq has also signed an agreement with Alberta, Canada, based Mezintel Inc. to be the exclusive distributor outside Canada for their gamma logging and depth tracking software solutions. These products add additional functionality to Enteq's existing MWD equipment product range.

All the above products will be exhibited by Enteq, together with the Group's other technologies, at the ADIPEC trade exhibition in Abu Dhabi which runs from 15 to 18 November 2021.

Andrew Law, CEO of Enteq Technologies plc, commented:"I am pleased to be working with both Erdos Miller and Mezintel to incorporate their advanced technologies into Enteq's product range and to offer these solutions to the international market. Both agreements are complementary to Enteq's product portfolio which will enhance the SABER Rotary Steerable System and bolster Enteq's full MWD package, leading to the possibility of increased market penetration."

[1gw] 08/11/2021 09:33

"The SABER system performed well during system testing, delivering an operating range better than predicted, increasing the ability to control. "

I like that bit ("better than predicted"). If it continues to perform at least as well as expected during the rest of the field trials then that outperformance ought to mean that the trials convert to commercial contracts with minimum fuss.

[p1nkfish] 08/11/2021 07:22

Reads well & push starts in Abu Dhabi.

I don't know how the commercial dynamics work but wonder if cap-ex in O&G will still be under pressure for ESG reasons so the companies will want to sweat existing assets and SABER can help achieve that.

Move the bit, not the rig and a win-win for all concerned?

[1gw] 08/11/2021 07:18

SABER works downhole then!

Not really a surprise, which presumably is why they've gone the RNS Reach route, but good to have the confirmation.

[masurenguy] 08/11/2021 07:16

Excellent progress on the SABER development program !

8 November:
SABER Tool - Field Trial Update

Enteq Technologies plc is pleased to provide an update on the field trials and ongoing development of its disruptive alternative to traditional rotary steerable systems (RSS); the SABER (Steer-At-Bit Enteq Rotary) system. The SABER system is an evolution of a unique concept originally developed by Shell, subsequently licenced to Enteq. Field trials conducted by Shell proved the ability to steer and build significant angle. Following re-engineering by Enteq, the SABER system has proven successful in reaching the development programme milestones and validating all expectations to date.

Field trials

During the initial phase of downhole testing in a live drilling environment, SABER's control system has successfully demonstrated the ability to operate correctly, meeting the test objectives. The downhole test programme will continue, in-line with the technology development plan.

System testing

The SABER system performed well during system testing, delivering an operating range better than predicted, increasing the ability to control. In addition, testing has been completed which confirms that the SABER can generate the required at-bit steering forces.

Commercialisation

Upon commercialisation, SABER will be marketed in selected operating regions, with the scope to expand the product range with additional system sizes. Successful development of SABER will greatly expand Enteq's addressable market.

ADIPEC exhibition - Abu Dhabi

SABER will be exhibited by Enteq, together with the Group's MWD and LWD technologies, at the ADIPEC trade exhibition in Abu Dhabi which runs from 15 to 18 November 2021.

[p1nkfish] 03/11/2021 13:36

Still heading up:

China need gas:

Expect Chinese rig numbers to head upwards as a national target, imho, dyor.

[p1nkfish] 03/11/2021 12:50

NTQ at show next week in ME.
Expect some update there on SABER status.

[p1nkfish] 02/11/2021 14:21

First half weakness expected vs H2. May account for the current ebbing share price downwards. Results due Nov 18th. SABER expected to contribute 2022 so a trough for a while longer.

[p1nkfish] 27/10/2021 22:03

Name change has gone through . Now Enteq Technologies.

[p1nkfish] 19/10/2021 17:13

We could do with a little news on SABRE &

[1gw] 14/10/2021 14:24

GS / CNBC again.

"Goldman Sachs says oil prices could be higher for much longer"
...
"Oil drilling activity hasn’t recovered much on the supply side, while demand is growing, he said, describing the market as being in an “entrenched deficit.”

“We’re facing potential multi-year deficits and the risk of significantly higher prices,” he said."

[1gw] 02/10/2021 14:44

finnCap target price 40p FWIW.

[1gw] 27/9/2021 17:31

A new structural bull market would be a great environment in which to launch SABER, to state the obvious.

[1gw] 27/9/2021 14:09

CNBC just discussing energy and referencing the Goldman Sachs note from yesterday: "The next leg higher in oil prices - from a cyclical to a structural bull market"

Also referenced here, where it specifies $90/bbl Brent as its year-end forecast.

[p1nkfish] 27/9/2021 10:42

I think Goldman see oil heading toward $90. Please double check that, read along those lines this weekend.

Energy costs could derail recovery but good for NTQ prospects.

[1gw] 27/9/2021 10:27

WTI front month at $75/bbl, and (according to Bloomberg) China talking about a big increase in its geothermal capacity over the next few years.