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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Wentworth Res. | WRL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 21.75 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 21.75 | 21.75 |
| Top Posts |
|---|
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 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/dJune 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 14:03 by sleveen Accuracy not a strong point then. |
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. |
Posted at 02/5/2018 08:49 by sleveen Looks like WRL are begining to be paid for gas in a timely fashion.Could be worth a punt assuming May's payment is received on time ie in June. |
Posted at 09/9/2017 15:49 by el_dorado PRESS RELEASE 17 August 2017Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is today providing an update to shareholders. Further to the Company's Q2 Financial Results released on 10 August 2017, the Company is pleased to confirm that further payments have been received from Tanzania Petroleum Development Corporation ("TPDC") and Tanzania Electric Supply Company Limited ("TANESCO") totalling $1.9 million net to Wentworth for June 2017 ($1.7 million) and October 2016 ($0.2 million) gas sales invoices respectively. The Company also confirms that all principal and interest payments currently due on the Company's medium-term credit facilities are now fully settled. The next principal payment of $1 million is due in December 2017. hxxp://www.newsweb.n From the WRL tread at the LSE-forum: It shows significant cash flow as long as demand increases as expected and TPDC/Tanesco pays for the gas. |
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