Enteq Upstream to acquire Extended Exploration Technology

Enteq Upstream plc is in the process of acquiring the assets of Extended Exploration Technology Inc. (XXT), a measurement while drilling equipment company based in Santa Clara, California.

Offshore staff

BERKSHIRE, UK– Enteq Upstream plc is in the process of acquiring the assets of Extended Exploration Technology Inc. (XXT), a measurement while drilling equipment company based in Santa Clara, California. The agreement is subject to final and statutory Extraordinary General Meeting approval.

Established in 2002 and managed by Henry More and Larry Bulduc, XXT develops and manufactures a range of MWD equipment primarily for North American directional drilling service companies. In order to spur growth, Enteq plans to further invest in the facility to add to its engineering and manufacturing capabilities under More and Bulduc’s continued management.

4/30/2012

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