Enteq Upstream plc (“Enteq” or the “Company”), the newly incorporated and London Stock Exchange AIM listed company (NTQ), focused on acquiring and consolidating companies that provide specialist technologies to the upstream oil and gas services market, is pleased to announce that it has completed its USA incorporation, in preparation for its future business dealings. The company has completed its US incorporation process under the federal and state laws of Delaware and is registered to conduct business in the state of Texas.

The Company raised £15 million as seed capital from mainly London based institutional investors and key industry individuals who have many £billions under management. The investors are expecting to support future fund-raises for multiple acquisitions.

Enteq's senior management believes the US incorporation will serve to better position the business in order to capitalize on regional opportunities and to fulfill the company's overall strategy.