|Wentworth Resources Ltd.
||COM SHS NPV (DI)
||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Wentworth Share Discussion Threads
Showing 501 to 518 of 525 messages
|Interesting discussion on ExtraInvestor yesterday, following closing of the Pertamina bid (which was declared successful). The relevant posts can be seen by using the link posted above, #472. The discussion was about whether 'Change of Control' in the ROFR clause means complete change of ownership by de-listing (improbable on reflection) or if effective control changes when majority ownership changes. This morning's post by Eric Fore seems decisive:
"When we took over Artumas Group we did so by reverse takeover. We were careful not to buy more than 49.9% of Artumas, post investment, because having done so would have constituted change of control. I believe the same holds true for Pertamina's purchase of Maurel & Prom, so if their shareholding exceeds 50% change of control is triggered. I expect that we will hear something soon from Wentworth."
Updating on the bid, the original schedule indicated that the Pertamina bid would reopen [tomorrow] for ten market days, and will close on Thursday 9th February.
(I was wrong about M&P shares being suspended, they have been trading, albeit at low volume and are trading now at minuscule premium to the bid, implying no change in the bid is expected.) If Wentworth wishes to raise the finance to take up the ROFR on M-Bay this two week hiatus will be useful. Alternatively they might have negotiations with Pertamina on the way forward.|
|The rise has continued and we have reached the 52 week high of 33.75. Looking good to move to a further high next week.|
|We are close to reaching the 52 week high of 33.75 set in April 2016 as the rise continues.|
|The steady march north continues.|
Picked up here:
Some useful information from time to time here:
|Up another 9% in Oslo today: http://wentworthresources.com/stock.php|
|I don't think anyone foresaw this rally.
All I can think of is one or perhaps 2 of the recent power issues have or are about to be resolved.
I'd have expected an RNS if/when the above happens.|
|Another tick up and we are approaching the 12 month high seen in April 2016 of 33.75p.
It seems that WRL is recovering at quite a pace.|
|Yes that's because I sold! That's what happens. You'd better hope I don't buy back in, share price would plummet lol. My timing with shares in the last year has been dreadful..... here's to a better 2017|
|I was expecting to see AEX moving up as they are drilling but instead its Wentworth that is flying and from the start of December it has moved from 21p to over 31p this morning.|
|It's like me and you are the only ones who notice bud|
|Another good day UP 8% to 30.5p|
|A good start to post Christmas trading a £12500 buy followed by 2 smaller buys has pushed this 6% higher to 26.5p|
|Look at Wentworth go up another 8% today as its good run continues|
|News of Oil supply being reduced maybe?|
|No news has been released. Volume currently 139000. All Buys including 2 for 50000 shares.|
|What's the news? Can't see any on website|
|Wentworth off to a good start this morning UP 10%|