Wentworth Share Discussion Threads

[loobrush] 22/10/2014 20:11

Have to agree with that,is it because no-one seems to be following the company as one would expect an uptick when it started drilling at least, like all the other oilies.
Could no news be good news, not long to wait !

[funtimejonny] 22/10/2014 19:42

Have to confess I'm not all that chuffed about the way this one is going so far...

[warbaby43] 13/10/2014 17:23

Does anyone have a handle on how much the Tembo and Kifaru wells are costing the partnership?

[funtimejonny] 08/10/2014 15:21

Thanks guys.Surprising how quiet is here with the drill at an advanced stage either way.

[mattoil] 08/10/2014 14:24

Last corporate presentation (available on the website) indicates they will wrap up in October, but results will take a few more days. Also note that the next well is set for spud in December.

They had a corporate presentation this Monday and allegedly they indicated early November for drilling results in that meeting.

[loobrush] 08/10/2014 14:14

Mattoil -how do you make it November as I make it anytime now !

[mattoil] 08/10/2014 14:06

Should be in early November.

[funtimejonny] 08/10/2014 13:38

Getting a bit boring here. Anybody know when the drill result is due?

[888icb] 29/9/2014 10:20

I am surprised that the IC article has not sparked more interest as it has potential good upside in the near future with limited risk due to the gas coming on stream in the next few months.

[loobrush] 27/9/2014 13:51

Tipped again today in IC in
SUPER SMALL CAPS TO BUY
. Wentworth Resources (WRL)

Not quite in the same category of downside risk as Rose – but with plenty of upside potential nonetheless – is oil and gas play Wentworth Resources (WRL). It’s focused on potentially risky onshore programmes in Mozambique: the Tembo and Kifaru projects.

Working with partner Anadarko Petroleum, it’s hoped that Tembo alone could contain 255m barrels of oil-equivalent. Analysts at broker Investec Securities estimate that could be worth as much as 58p a share, although the exploration well that’s being drilled there has suffered equipment-related delays. Adding in the value ascribed by Investec to Kifaru and the broker reckons the two projects combined could be worth 80p a share – almost twice as much as the company’s current 45p share price. However, with the broker also attributing 15 per cent and 14 per cent chances of success at Tembo and Kifaru, respectively, then it’s clearly a risky punt.

Still, if the two projects do fail to deliver, then – unlike with the likes of Rose – all is not lost. That’s because it also has a gas project in Tanzania that’s due to come online once the Dar es Salaam cross-country pipeline – currently being built by the Chinese – is completed (by the first quarter of 2015). Moreover, earlier this month the group wrapped up negotiations with the Tanzanian government for a gas sales agreement

[888icb] 23/9/2014 15:58

Large Buy this afternoon 125000 shares @49.43p so £62700 trade.

[liquid millionaire] 22/9/2014 12:25

AEX [and WRL]



SHORE CAP BROKER NOTE ON AEX JUST OUT....



AMINEX+ (AEX, 2.2p, House Stock) – Publication of note. We have published a note (attached) on Aminex entitled “Momentum building in Tanzania”. The company recently announced a further upgrade to mean in-place resources for the Ntorya gas discovery at Ruvuma in Tanzania, which now stand at 2.3tcf following recent seismic interpretation work. We remain highly encouraged by progress at Ruvuma, which covers the onshore extension of a prolific basin and will have access to market via a new pipeline to Dar es Salaam, on track for completion by year-end. In addition, commercial production from Kiliwani North is scheduled to come onstream in early 2015 and the recent signature of a gas sales agreement (GSA) by Maurel et Prom and its partner Wentworth Resources sets an excellent precedent for Aminex, in our opinion. Along with a planned farm-out at Ruvuma, we believe that signature of Aminex’s own GSA has the potential to provide a powerful share price catalyst....

Etc, etc....

[loobrush] 15/9/2014 10:01

IC says
The most exciting prospect has to be Tembo, a 259 million barrel, potentially oil-bearing target onshore Mozambique that will be drilled in the second quarter of 2014 by Anadarko (NYSE: APC), a leading explorer in Africa. Wentworth holds an 11.6 per cent interest in the block, and broker Investec estimates an oil discovery there could be worth up to 86p a share fully unrisked - or roughly double the company's current share price.

That would be a share price of well over £ 1.30
Come on be lucky.

[loobrush] 15/9/2014 09:45

Brilliant news all we need now is for the drill to strike oil, results in a week or two at most ?
Could double the price.

[zulu88] 15/9/2014 07:41

Excellent news !!! :-)

[loobrush] 28/8/2014 12:11

Tipped in shares mag today-drilling now-results in a couple of
weeks.

[dbfromgb] 19/8/2014 14:39

Legal wording confirmed in conference call today, not terms of GSA which remain unchanged. Guidance for Tembo now 105 to 135 days, ie everything put back by 45 days.

[edgar222] 19/8/2014 07:53

Wentworth 2Q results.....they await GSA and are working with the attorney generals office, so the issues are legal wording is my reading. Tembo delayed by 45 days. Pipeline on schedule

[pj 1] 14/8/2014 08:47

Any word on the long waited and well overdue GSA?

[funtimejonny] 14/8/2014 08:25

56 days have gone by since the tempo well spud. Results getting nearer.

[flyingbull] 31/7/2014 15:39

Ready for a challenge??!! The monthly oil stock competitions for August are open until midnight tonight!!! Good luck!!!

[loobrush] 25/7/2014 16:14

No news yet, lets hope its early next week.

[loobrush] 19/7/2014 19:08

primary TARGET NEWS should be next week-fingers crossed for a gusher !

[jollynews] 14/7/2014 05:32

Woodside farms into Tanzania Today, 5:29 AM