Enteq Technologies PLC Result of General Meeting (7548R)

TIDMNTQ

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/

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

RAGFDIFMSEDSESS

(END) Dow Jones Newswires

October 30, 2023 12:08 ET (16:08 GMT)

Enteq Technologies (AQSE:NTQ.GB)
過去株価チャート
から 10 2024 まで 11 2024