For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231030:nRSd7548Ra&default-theme=true
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 (http://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/
(http://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 (mailto:rns@lseg.com)
or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
. END RAGFDIFMSEDSESS