Proactive analyst Ed Stacey talks to Katie Pilbeam about () after recently releasing their interim results for the period ended 30 September.
Stacey explains that these were in line with the AGM statement which the company released in September. H1 revenues were US$2.6mln and the period-end net cash position was US$8.8mln.
Stacey believes that this cash position is sufficient for the company to trade through the current oil and gas industry slowdown and to continue financing new product developments.
Read Ed Stacey's latest research: Enteq Upstream: Big opportunities, low valuation
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