TIDMNTQ

RNS Number : 7990Y

Enteq Upstream PLC

08 December 2017

8 December 2017

Enteq Upstream plc

("Enteq" or the "Company")

Contract award

Enteq, the oilfield services technology and equipment supplier, announces a contract from a new international customer.

On 7 December 2017, Enteq received confirmation and a cash deposit relating to an initial contract valued at $0.5m for operations in Indonesia. This is the first order Enteq has won in this territory. The contract is for using Enteq's core MWD ("measurement whilst drilling") technology in a geothermal application. The order will be delivered to the customer early in 2018.

Martin Perry, CEO of Enteq Upstream plc, commented:

"Enteq continues to develop new territories and applications for our equipment. This contract award represents the ongoing efforts to broaden the company's market presence.

For further information, please contact:

Enteq Upstream plc +44 (0)149 461 8739

Martin Perry, Chief Executive Officer

David Steel, Finance Director

   Investec Bank plc (NOMAD and Broker)                                   +44 (0)20 7597 5970

Chris Treneman, Patrick Robb, David Anderson

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCOKFDBFBDKOBK

(END) Dow Jones Newswires

December 08, 2017 03:31 ET (08:31 GMT)

Enteq Technologies (LSE:NTQ)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Enteq Technologies Charts.
Enteq Technologies (LSE:NTQ)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Enteq Technologies Charts.