Enteq Technologies : Investor Presentation – Full Year Results to 31 March 2023

Financial Results FY2023

Andrew Law, CEO Mark Ritchie, CFO

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Disclaimer

This presentation (this "presentation") is for general information only and is the property of Enteq Technologies plc ("Enteq"). Making this presentation available in no circumstances whatsoever implies the existence of a commitment or contract by or with Enteq, or any of its affiliated entities, or any of its or their respective subsidiaries, directors, officers, representatives, employees, advisers or agents ("Affiliates") for any purpose.

This presentation as well as any other related documents or information do not purport to be all inclusive or to contain all the information that you may need. There is no obligation of any kind on Enteq or its Affiliates to update this presentation. No representation or warranty, express or implied, is or will be made in relation to, and no responsibility or liability is or will be accepted by Enteq or its Affiliates as to, or in relation to, the accuracy, reliability, or completeness of any information contained in this presentation and Enteq (for itself and on behalf of its Affiliates) hereby expressly disclaims any and all responsibility or liability (other than in respect of a fraudulent misrepresentation) for the accuracy, reliability and completeness of such information.

All projections, estimations, forecasts, budgets and the like in this presentation are illustrative exercises involving significant elements of judgement and analysis and using assumptions, which assumptions, judgements and analyses may or may not prove to be correct. The actual outcome may be materially affected by changes in e.g. economic and/or other circumstances. Therefore, in particular, but without prejudice to the generality of the foregoing, no representation or warranty is given as to the achievability or reasonableness or any projection of the future, budgets, forecasts, management targets or estimates, prospects or returns. You should not do anything (including entry into any transaction of any kind) or forebear to do anything on the basis of this presentation. Before entering into any arrangement, commitment or transaction you should take steps to ensure that you understand the arrangement, commitment or transaction and have made an independent assessment of the appropriateness of the arrangement, commitment or transaction in light of your own objectives and circumstances, including the possible risks and benefits of entering into such an arrangement, commitment or transaction.

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The information and opinions contained in this document are provided as at the date of this presentation and are subject to change without notice.

Date: October 2023

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Executive Team

Andrew Law, CEO

• Leadership, technical, product development, operations and business development roles with Schlumberger and Weatherford.
• KPMG corporate finance and M&A background, specialising in oilfield services.
• London Business School, Sloan fellow, focusing on energy sector and strategy.

Mark Ritchie, CFO

• Over 20 years' financial experience, in Board level roles in private equity ("PE") backed businesses.
• Finance and Support Services Director in PE backed construction business.
• Group Finance and IT Director of PE backed oil and gas services businesses.

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Sector: Technologies for drilling for oil, gas, geothermal, methane capture and carbon storage wells

Steering and control:

Rotary Steerable Systems (RSS) to provide directional control to follow the planned well path.

Downhole communications:

Data connections between downhole systems to enable integration of (any) RSS with customer's existing MWD fleet.

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Company

	Integration of			Successful
Established by	XXT, KMS &	Additional	Sale of XXT
proof of
former Sondex	ProFlow into a	SABER IP filed	MWD IP and
concept during
founder, Martin	full MWD	by Enteq (now	associated
field testing of
Perry	system	granted)	assets
SABER
	provider.

Acquisition of
		Development	New facility in
XXT (leading	Acquired
independent	and testing of	Houston, Tx, to
licence from
provider of	SABER from	support
Shell for IP of
MWD) and	initial concept	development
innovative
KMS	into field	and roll-out of
RSS
(mechanical)	prototypes	SABER

• Downhole technologies for measurement, data, control with in-house development and manufacturing of electronics.
• Customer base of independent directional drilling and oilfield service companies.
• Technology development and operational facilities in Houston, Texas and Cheltenham, UK with support office in Aberdeen, UK.

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