Wentworth Share Discussion Threads

[zulu88] 12/7/2014 11:59

Tembo-1 due to reach primary target in next ten days.

If successful, we won't know for another 30-60 days until they have drilled down to secondary target at 4,300m...

... however if they do find commercial gas or oil in the Cretaceous at 2,200m in the next couple of weeks, you can be sure that Anadarko's advisers have prepared plans for a pre-emptive takeover bid for company which owns 75% of the Rovuma onshore acreage further north in the new play fairway, and Anadarko are likely to attempt that takeover before results of Tembo-1 are announced.

GLA

[pj 1] 09/7/2014 10:50

Has anyone had any feedback direct from the Co or comments about the constant delays to the signing of the Tanz GSA?

Is there a risk here that the infrastructure will be complete with an unsigned GSA?

Surely it is time for SOLO/AEX/WRL to come clean on the exact position?

[loobrush] 22/6/2014 21:17

IST WELL OF 4 -SPUDDED
E

Wentworth Resources Limited

("Wentworth" or the "Company")

Mozambique: Tembo-1 Drilling Operations Commence

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed
independent, East Africa-focused oil & gas company, today announces that
drilling operations have commenced on the Tembo-1 well in the Rovuma
Onshore Concession in northern Mozambique. Wentworth has an 11.59
percent net interest in this well which is being operated by Anadarko
and drilled with the Helmerich & Payne rig #243.

The Tembo-1 well is targeting mid-Cretaceous sands with secondary
targets in the upper Jurassic. Tembo-1 has a planned total depth of
4,250 meters True Vertical Depth Sub Sea and is expected to take between
60 and 90 days to complete. An update on drilling operations will be
provided after drilling operations have been fully completed.

To date there have been two wells drilled in the Rovuma Onshore
Concession including the Mocimboa-1 well, which encountered oil and
natural gas shows in the Cretaceous and is located approximately 17
kilometres to the northeast of the Tembo-1 well.

Geoff Bury, Managing Director, commented:

"The Tembo-1 well is designed to test Cretaceous and Jurassic sands in
the onshore area of the Rovuma Basin in northern Mozambique, and is the
first of two wells that Wentworth will be participating in over the next
six months at the concession. The Tembo prospect is one of the larger
prospects (on pre-drill estimates) to be drilled to date in the onshore
Rovuma Basin region of East Africa. It is a high impact frontier well
and, if successful, could add significant new oil or natural gas
resources for Wentworth and open up an entirely new play fairway."

-Ends-

[liam wilson] 09/6/2014 21:59

Swala Energy Launches Tanzania IPO
By Broker Recommendations And Tips News
9 Jun 2014 20:28:51

[funtimejonny] 05/6/2014 16:00

It seems strange that we have such massive volume today and most of them sells. Particularly with recent rns re the 4 well drilling programme.

[flyingbull] 30/5/2014 09:50

It looks like May got off to a slow start but gradually became more lively. The challenge is now switching to June. Which oil stocks do you think will make an impact???

[alamaison] 21/5/2014 18:23

BUN: In June mate. So lets get exited and lift the share price and the moral up.

[bunbooster2] 18/3/2014 12:42

When will tembo-1 spud?

[miss womble] 16/3/2014 07:37

One always hunts for good things, most of all some decent shares. Cheers MW

[wbodger] 15/3/2014 21:49

hunting. ;-)

[miss womble] 15/3/2014 20:48

Thanks Wbodger. A lot of water has passed under the bridge since my message. Good hinting, MW

[wbodger] 15/3/2014 20:07

Miss Womble, Sorry I did not see your post 236, so did not reply. Hope you have kept your shares and profited from the small uptick. By the way the report is not mine, but a Company presentation to Oilbarrel, that is why it was slick. I was unsuccessful trying to post a direct link here, but the content had been copied onto the Aminex board, so I posted that link.

More to come with the Anadarko drill? Good luck all.

[liquid millionaire] 19/2/2014 14:15

edgar222 19 Feb'14 - 14:01 - 45321 of 45322 1 0

Wentworth RNS:

(They are waiting a GSA too !)


Wentworth Resources Limited

("Wentworth" or the "Company")

Invitation to Conference Call for Fourth Quarter 2013 and Annual Financial Results

Wentworth is scheduled to release its fourth quarter and Annual Financial Results for 2013 on Thursday 27 February. A conference call for investors, analysts and other interested parties will be held the same day at 06:00 MST (Calgary) / 13:00 GMT (London) / 14:00 CET (Oslo).

There will be a Q&A session subsequent to the presentation. Information on how to submit questions to management will be given at the beginning of the Q&A session.

To listen to the management presentation of the results, please dial in 5-10 minutes prior to the start time using the numbers and confirmation code below.

Call in numbers:






London, United Kingdom [phone]

[miss womble] 12/2/2014 15:14

Try this Regards MW

[crashbang] 12/2/2014 14:52

Miss Womble.
Could you put a link to the post, please?

[miss womble] 12/2/2014 11:40

Wbodger I read with interest your report on Wentworth on the Aminex board. It made good reading and folk should be appreciative of the effort you have to produce it. I have been a holder of some Wentworth shares for some considerable time and was getting a trifle bored with it. Now I'm not so sure. One major question, why in heavens are you not a holder of this share? Regards M W

[edgar222] 12/2/2014 11:11

Am an Aminex holder.

Anyone here know anything about the Wentworth Gas Supply Agreement and when it is due to be signed, or are both companies just waiting?

[tipster29] 06/1/2014 11:07

Good buying today, and noted on proactive investors over the weekend.I am sure that this is one to get in now before the herd arrive. We have 4-6 months til the big drill and the herd will arrive. Just like TRP a few months ago, a lot of similarities here.Don't forget, this share was priced at 60 times higher back in its peak on the Oslo stock exchange. Been trading for not as long on AIM of course.Buy and hold. Consider selling done pre-drill with all the hype that will be around.

[wbodger] 17/12/2013 18:05

Wentworth report to Oil Barrel conference is worth reading if you're registered:
[edit. advfn removed my link. if you navigate to oilbarrel, click the 'stop press' when it cycles to 'Conference Report 2']

Text has been pasted into this Aminex post:


(I don't know why I'm helping, I no longer own shares. Good luck.)

[the esk] 16/12/2013 22:14

Dalesman - that's the figure used in several models around the City, and has not been challenged by the company...

[dalesman] 16/12/2013 21:56

Hi the Esk

many thanks.

[the esk] 16/12/2013 18:38

dalesman - 3.50 will get you pretty close to the figure.... (that's not a de-ramp, just figures that have been used in various models, and generally accepted)

[dalesman] 16/12/2013 15:40

Does anyone know what the expected gas price will be under the GSA?

Orca who currently supply the capital is getting between $7.8 and $10.14 per mcf:

THE average industrial gas price went up by 11 per cent in the second quarter of this year, while production fell by 5.0 per cent in the same period.

The Orca Exploration, PanAfrica Energy's parent company, said the average gas price rose to 8.60 US dollars per standard cubic feet (Mcf) in comparison to the first quarter of 7.78 per Mcf.

The Orca chairman and Chief Executive Officer, Mr W. David Lyons, attributed the increase to applying terms agreed with the largest industrial off-taker of natural gas which took effect in January this year.

He added, "Together with the sales mix which resulted in two industrial customers with relatively low gas prices accounting for 61 per cent of the industrial sales volume for the quarter."

However, in quarterto- quarter comparison, the largest industrial and power sectors gas supplier, said the average industrial gas price decreased by 15 per cent to 8.60 US dollars per Mcf from 10.14 per Mcf of quarter-two 2012.

I assuming that the CNOP gas pipeline will reduce the gas prices and I'm using $6 /mcf

If anyone has a definitive fig I would be grateful.

Regards D

[miss womble] 16/12/2013 14:42

Steeplejack. Is it possible for you to copy and paste the article on Wentworth in the Investors Chronicle? Many thanks, MW