ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

NTQ Enteq Technologies Plc

9.75
0.00 (0.00%)
Last Updated: 08:00:05
Delayed by 15 minutes
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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 9.75 9.50 10.00 9.75 9.75 9.75 13,349 08:00:05
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil & Gas Field Machy, Equip 6.25M -2.8M -0.0397 -2.46 6.88M

Enteq Upstream PLC Technology Development Grant (9424D)

02/05/2017 3:36pm

UK Regulatory


Enteq Technologies (LSE:NTQ)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Enteq Technologies Charts.

TIDMNTQ

RNS Number : 9424D

Enteq Upstream PLC

02 May 2017

2 May 2017

Enteq Upstream plc

("Enteq" or the "Company")

Technology development grant

Enteq, the oilfield services technology and equipment supplier, is pleased to announce the confirmation of a grant from the Technology Strategy Board of Innovate UK related to the Newton Fund: China - UK Research and Innovation Bridges Competition 2015. In conjunction with Imperial College, London and the Chinese institute of Petroleum in Beijing, Enteq will be developing technologies for optimal drilling of geothermal wells.

The grant to Enteq, which is for approximately GBP391,000 over a period of two years, starting on 1 May 2017, is expected to cover 70% of the GBP491,000 development costs associated with the development of the innovative drilling technology. The development programme will be undertaken over this two-year period after which a commercialisation programme will follow.

This technology will complement the existing range of drilling tools offered by Enteq, and enhance industrial relationships both within China and with Imperial College. This will enable Enteq to broaden our target markets as well as offering expanded capability for existing customers.

Martin Perry, Chief Executive of Enteq, commented:

"I am extremely pleased that Innovate UK has acknowledged the skill and technological expertise that we are able to bring to the drilling market. Whilst at an early stage, we believe that the new technology could materially benefit our customers through improved drilling performance".

For further information, please contact:

Enteq Upstream plc +44 (0)149 461 8739

Martin Perry, Chief Executive Officer

David Steel, Finance Director

   Investec Bank plc (NOMAD and Broker)                                   +44 (0)207 597 5970 

Chris Treneman, Patrick Robb, David Anderson

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBSGDUSXGBGRD

(END) Dow Jones Newswires

May 02, 2017 10:36 ET (14:36 GMT)

1 Year Enteq Technologies Chart

1 Year Enteq Technologies Chart

1 Month Enteq Technologies Chart

1 Month Enteq Technologies Chart

Your Recent History

Delayed Upgrade Clock