Source - LSE Regulatory
RNS Number : 7548R
Enteq Technologies PLC
30 October 2023
 

Enteq Technologies plc

("Enteq" or the "Company")

 

Result of General Meeting

Enteq Technologies plc (AIM:NTQ.L), the energy services technology supplier, is pleased to announce that at its General Meeting held earlier today, all resolutions were duly passed.

 

For further information, please contact:

Enteq Technologies plc                                                                  +44 (0)20 8087 2202

www.enteq.com

Andrew Law, Chief Executive Officer

Mark Ritchie, Chief Financial Officer

 

Cavendish Capital Markets Ltd (NOMAD and Broker)                +44 (0)20 7220 0500

Ed Frisby, Fergus Sullivan (Corporate Finance)

Andrew Burdis, Barney Hayward (ECM)

 

About Enteq Technologies' SABER Tool

The SABER Tool (Steer-At-Bit Enteq Rotary Tool) is a step change in directional drilling technology, developed by Enteq Technologies and based on a concept created by Shell. The ingenuity of the SABER Tool approach lies in the application of proven technologies in novel ways to achieve a sleek, elegant, and mechanically simple design, thereby seeking to improve reliability and project uptime versus traditional rotary steerable systems (RSS).

Rather than using pads or plates for steering, the SABER Tool uses an internally directed pressure differential system across the bit face. Removing these external contact points offers the potential for reduced tool wear and improved reliability, while also achieving true at-bit steering. The sleek, plain collar design also offers the potential for a smoother borehole, further improving reliability, uptime and cost efficiency.

Quoted on the AIM market of the London Stock Exchange (AIM: NTQ.L), Enteq Technologies is a proudly independent UK and Houston-based engineering firm renowned for its high-temperature (HT) expertise that makes the SABER system one of the world's few directional drilling designs intended to be suitable for HT applications. The Company is bringing SABER to commercialisation. For additional information please visit www.enteq.com/products/rotary-steerable-system-srss/

 

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