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AnTech

Sector:
Engineering
Invested in:
Calculus EISs, Calculus VCT

Founded in 1992, AnTech operates globally across two divisions, supplying products and directional drilling services to the Upstream Oil and Gas Industry.

AnTech has a strong design heritage and legacy of innovation, developing new technology and quality products that meet the highest of industry standards.

In 2013, AnTech launched its Coiled Tubing Drilling (CTD) Service division delivering cost effective directional drilling services to customers globally. Utilising its proprietary drilling tools and systems, AnTech provides a complete, integrated solution for drilling underbalanced within existing wells, increasing productivity and reducing environmental impact. AnTech has carried out successful CTD campaigns throughout North America, the Middle East, Europe and Australia, achieving several world firsts including the largest hole size directionally drilled with CT (Colorado, 2012), and the longest casing run in a single trip with CT (Alaska, 2019). The most recent project was in Western Australia, 2019, during which AnTech provided complete project management alongside its CTD service package. Upon project completion, encouraging initial production rates demonstrated the benefits of CTD combined with AnTech’s technology and expertise in both surface and subsurface operations. A contract has also been signed with a major oil and gas operator in Saudi Arabia for a qualification trial in 2021.

Rationale

AnTech has operated profitably since inception and with the support of a strong management team is set for major growth in the coming years.

Demand for AnTech’s range of patented products, coiled tubing equipment and world-proven Directional Coiled Tubing Drilling service continue to rise, reflecting the company’s expansion both in the UK and overseas, with particular focus upon the Middle East and USA.

Saudi Aramco Energy Ventures (the corporate venturing arm of Saudi Aramco) invested alongside Calculus in the initial fundraising. AnTech’s aim is to fund the expansion of its directional Coiled Tubing Drilling service within the global CTD market.

Latest News

Spotlight On: AnTech

As part of our ‘Spotlight On’ series, we focus on AnTech a specialist engineering company in the oil and gas industry. AnTech Limited has two different businesses: manufacturing products for use mainly in oil and gas production (as opposed to drilling) and providing directional coil drilling services. AnTech’s Products Division supplies high specification customised and standard products; … Continued

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Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund or Calculus VCT.

An investment into the Calculus EIS Fund of Calculus VCT may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS or VCT unless you can afford to lose some or all of your capital.

An EIS or VCT investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

This site uses cookies as described in our Cookie Policy. By continuing to browse this site you are agreeing to our use of cookies.

I have read and understood this important information