Enteq Tech Regulatory News (NTQ)

2nd July 2012

Enteq Upstream plc

("Enteq" or the "Company")

Update on XXT

Enteq Upstream plc, the oil and gas field services company, today provides a brief summary of trading at XXT LLC ("XXT"), following the completion, as announced on 18 May 2012, of the acquisition of substantially all of the operating assets and liabilities of XXT Inc.

The trading results of XXT Inc. prior to completion of the acquisition have been reviewed for the period from 1 January 2012 up until the date of completion of the acquisition on 18 May 2012. The trading results were ahead of the comparative period last year and were line with Enteq management's expectations. Since 18 May 2012, trading at XXT and its current order book, are also in line with Enteq management's expectations.

Martin Perry, Chief Executive Officer of Enteq, commented:

"XXT is making good progress despite a weakening in the oil price and some signs of lower activity in North America. Enteq remains on track with our stated strategy of identifying and closing suitable acquisition opportunities. Discussions with potential targets in the upstream sector are progressing well, and we look forward to updating the market in due course."

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