FY22 Results

Andrew Law, CEO David Steel, CFO

Executive Team

Andrew Law, CEO

  • Technical, operations, management roles with Schlumberger and Weatherford
  • KPMG corporate finance background
  • London Business School, Sloan fellow

David Steel, CFO

  • Extensive experience in aerospace manufacturing and logistics
  • Previously Deputy Finance Director of geo-prediction tools provider to oil and gas industry
  • Started career with KPMG London

2

Sector Overview

Technologies for directional drilling of oil, gas & geothermal wells

Steering and control:

Measurement:

Communications:

Equipment such as Rotary

Directional and geological

Connecting MWD and RSS

Steerable Systems (RSS) to

sensors to provide real-time

systems and transmitting

provide directional control to

downhole Measurement While

information to/from downhole

follow the planned well path

Drilling (MWD)

and surface

3

Product Segments

Specialised technologies for efficient drilling of oil, gas & geothermal wells - >$11bn Specialised technologies for efficient drilling of oil, gas & geothermal wells:

MWD systems:

SABER RSS:

Connectivity:

  • Sophisticated sensors and electronics in the hostile down- hole environment.
  • MWD equipment supply market is c.$100m annually.
  • Market SABER RSS to MWD customer base
  • New product development, SABER RSS (Steer At-Bit Enteq Rotary) with game- changing potential for efficient drilling operations.
  • Target new technology RSS global market is c.$2bn annually.
  • Data connections between downhole systems
  • Enables integration of RSS with customer's MWD fleet

4

Operations Overview

  • Technology development:
    • SABER engineering and development team
    • Agreements with selected leading technology suppliers to enhance Enteq's product range
    • Core MWD based on Enteq's reliable and industry renowned XXT platform
  • Operations and Manufacturing:
    • Established SABER technology, manufacturing and assembly facility near Cheltenham, UK
    • In-househigh-temperature electronics manufacturing and operations facility in Houston
  • Sales:
    • Sales team working alongside international sales representatives
    • Technology distribution partnerships to enhance product offering

5

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Enteq Upstream plc published this content on 06 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2022 08:33:02 UTC.