Enteq Technologies PLC. Stock Analysis NTQ.L

Enteq Technologies Plc engages in the designing, manufacturing, and sale of drilling equipment and associated parts and components. The company is headquartered in Amersham, Buckinghamshire and currently employs 10 full-time employees. The company went IPO on 2011-07-01. The firm develops and provides downhole electronics and technologies for measurement, data, and control, which are used by the geothermal, methane capture, oil, and gas sectors around the world. The company has customers throughout North America, Europe, Russia, Asia, China, and the Middle East. Its products include The SABER Tool-Rotary Steerable System, and Downhole Connectivity Systems. The Company’s downhole drilling technology the Hop series, is a communications device, which is used in conjunction with The SABER Tool or fitted with existing rotary steerable systems (RSS) and measurement while drilling (MWD) technology, allows drilling contractors access to real time data to enhance drilling operations. The Hop series also removes the need for hard connectors and dedicated collar lengths and enables Logging While Drilling (LWD) to be run below MWD equipment.