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WRL Wentworth Res.

21.75
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wentworth Res. LSE:WRL London Ordinary Share CA9506771042 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 21.75 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 21.75 GBX

Wentworth (WRL) Latest News

Real-Time news about Wentworth Res. (London Stock Exchange): 0 recent articles

Wentworth (WRL) Discussions and Chat

Wentworth Forums and Chat

Date Time Title Posts
06/11/201819:22Wentworth Resources - 2012531
19/11/201507:26Wentworth Resources -Cheapest way to play East Africa44

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Wentworth (WRL) Most Recent Trades

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Wentworth (WRL) Top Chat Posts

Top Posts
Posted at 06/11/2018 19:22 by wbodger
And today WEN.OL closed at 2.6 Kr. That's a more respectable figure. Perhaps Norwegian holders have become a bit more canny with their selling price.

If I were Norway-based I wouldn't be trading until there is a proper market in London, and eventually it will take over because the Oslo VPS trading will become erratic.

Predicted changes confirmed at Board level: Bob McBean becoming Non-exec Chairman is a power shift to the CEO, Barton and Kelly stepping down (also as expected for streamlining). Bentley remaining.

-----------------------

I have copied this post to

(WRL.L not being used for trading now)
Posted at 05/11/2018 13:31 by steeplejack
Now up and running,price u/c 21-3 15500 traded
Posted at 02/10/2018 00:27 by wbodger
The EGM to approve the ending of the Oslo listing is today (Tuesday). Just a formality, it should go through.

The significant shareholders list now shows three solid holders with around 9% each, Axa, Vitol and Sustainable Capital (the latter declared in the most recent RNS). Then there's Fidelity with just under 4%.

When all the trading is in London I expect WRL to get some attention, and that could bring buying pressure. But possibly the real reason for the change of domicile is to allow shares to be placed to institutional investors without pre-emption? In Norway I believe placements are usually offered as Rights Offers to all shareholders. Maybe by law. That's why it's worth mentioning, otherwise why not stick with Oslo?

Katharine Roe is quoted on a bb saying that they plan to give operational and corporate updates including another cash payment update later in the week.
Posted at 16/8/2018 07:47 by sleveen
Our operating numbers were almost spot on.

Non cash tax expense $8.7m and the one off G&A marred a great set of figures. Much of the corporate expenses appears to be spent so perhaps a reduced corporate cost in H2.

So long as the cash continues to be received each month, WRL remains a buy IMHO.
Posted at 01/8/2018 09:40 by glawsiain
Cheers Sleveen - Last month's average of 90mmscf/d is the highest ever reported.

I make it $22.92m received in 2018 so far and an average of 82.6mmscf/d.

I make WRL on course to reach $39m and, as you say, maybe exceed $40m if consumption increases.
Posted at 01/8/2018 08:13 by dianecarberry
This share is a dog.

Strong sell says my broker.
Posted at 05/7/2018 10:09 by sleveen
Circa 12500 boepd energy content or about 4000boepd $.

Around 1200 boepd $ net to WRL and potentially an annual profit of $10-12m*, must be worth more than £50m MC?


*assumes monthly payments will continue.
Posted at 02/7/2018 08:56 by glawsiain
Month Payment (m $) Average mmscf/d
June 3.1 87
May 2.7 79
April 6.07 77
March 3.1 83
Feb 2.5 80
Jan 1.82
Total $19.22m at an average of 81.2mmscf/d

Above are the payments this half year, with an average of 81 mmscf/d. Given that guidance is for "2018 gross production guidance of 65 to 75 MMscf/d" it would seem WRL are well ahead
Posted at 13/6/2018 13:59 by dianecarberry
12 working days to 30th June 2018, to publish the prelim results or WRL will be suspended.


Hope this helps Sleveen.
Posted at 01/6/2018 09:39 by sleveen
Agreed.

Importantly it looks like the debt can be repaid as per schedule and once repaid WRL become a cash cow.
Wentworth share price data is direct from the London Stock Exchange

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