We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
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 Month Enteq Technologies Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions