Enteq, the oilfield services technology and equipment supplier, announces a contract from a new international customer. On 17 August 2020, Enteq received a Purchase Order and confirmation of a cash deposit payment in respect to a conditional contract valued at $0.9m for equipment to deploy in Saudi Aramco’s drilling operations. The contract is with Enteq’s new strategic partner in the Kingdom of Saudi Arabia, […]
Martin Perry will be presenting at Proactive Investor’s One2One Virtual Forum on Thursday 20 August 2020 at 6.00pm (UK BST) onwards. Please register here: https://lnkd.in/gnhVhyC A copy of this presentation will be available afterwards for download at the Enteq website.
Delivering high speed data transmission rates from downhole instruments to surface systems is key to both improving drilling efficiency and enhancing geosteering operations. Enteq is pleased to announce that it has signed an agreement with Black Gold Research (“BGR”) to develop such a system based on an advanced Electro-Magnetic (EM) principles. BGR is a Polish company with a worldwide reputation […]
Enteq Upstream PLC’s (LON:NTQ) Martin Perry speaks to Proactive London’s Andrew Scott after reporting increased revenues in the year to the end of March 2020. Sales in the twelve months rose to US$10.9mln (2019: US$10.2mln) with underlying profits 24% higher at US$3.1mln. Perry says growth outside of the US, especially in China and Saudi Arabia, helped offset the weak US […]
Proactive Research analyst Ed Stacey gives his assessment of Enteq Upstream PLC’s (LON:NTQ) results for the year-end March 2020 as well as the ongoing trading environment. Stacey says overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. He adds that Enteq is still on track to end FY March 2021 with a […]