Share Name Share Symbol Market Type Share ISIN Share Description
Wentworth Resources Ltd. LSE:WRL London Ordinary Share CA9506771042 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 27.00p 26.00p 28.00p 27.00p 27.00p 27.00p 0 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 11.8 -1.9 -3.0 - 50.35

Wentworth Share Discussion Threads

Showing 551 to 573 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
16/7/2018
09:33
Confirmation of Q2 production 81mm scf/d $16.1m cash received, H1 revenue coincidentally $16.1m. That's treble H1 2017 revenue. Cash $6.6m net debt $8.2m gross debt therefore $14.8m.
sleveen
05/7/2018
10:09
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.
sleveen
02/7/2018
09:38
I agree Sleveen, something is brewing here.
glawsiain
02/7/2018
09:30
Interims due mid August, hopefully that should provide some impetus to the sp, particularly post July & August payments. I suspect an upgrade in the gas sales forecast. glawsiain, we could hit $5m profit with your more accurate figures.
sleveen
02/7/2018
08:56
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
glawsiain
02/7/2018
07:12
another $3.1m in last month and the highest ever average production volume at 87 mmscf/d
glawsiain
13/6/2018
15:30
That is just one of the many voices in your head, I suspect.
glawsiain
13/6/2018
14:18
Massive large placing due I am hearing.
dianecarberry
13/6/2018
14:16
12 working days to 30th June 2018, to publish the prelim results or WRL will be suspended. Hope this helps Sleveen.
dianecarberry
13/6/2018
14:03
Accuracy not a strong point then. https://uk.advfn.com/stock-market/london/wentworth-WRL/share-news/Wentworth-Resources-Ltd-Wentworth-Resources-Limite/77050326
sleveen
13/6/2018
13:59
12 working days to 30th June 2018, to publish the prelim results or WRL will be suspended. Hope this helps Sleveen.
dianecarberry
01/6/2018
09:39
Agreed. Importantly it looks like the debt can be repaid as per schedule and once repaid WRL become a cash cow.
sleveen
03/5/2018
11:26
So $4.1m (Nov/Dev 17 sales)received in Q1 according to 28/3/2108 RNS and $6m (Jan/Feb 18 sales)received in April.
sleveen
02/5/2018
08:49
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.
sleveen
28/4/2018
09:54
AEX also being screwed by Tanz Govmt: On 11 April 2018, Aminex received formal notification from the TPDC of certain claims amounting to US$5.97 million for liabilities arising on revenues from gas sales, of which Aminex’s share is estimated to be $2.73 million. Aminex has advised the TPDC that it does not accept the claims and no provision has been made in the financial statements beyond amounts Aminex had already accrued. Further details are disclosed in Note 13(c) to the preliminary financial information. Included in trade receivables is an amount of US$6.94 million due from TPDC in respect of Kiliwani North gas sales and interest due on late payment. Aminex’s net share of the receivable is US$2.70 million (2016: US$1.94 million). No payments have been received from the TPDC since the year-end. As set out in Note 13(c) to the financial information, Aminex has received a letter from TPDC for certain claims amounting to US$5.97 million for liabilities arising on revenues from gas sales. All amounts fall due within one year. ...the TPDC claim and non-payment to date of the trade receivable balance due from TPDC to the Group at 31 December 2017, indicates the existence of a material uncertainty that may cast significant doubt on the Group’s ability to continue as a going concern...
sleveen
06/4/2018
07:26
Not sure I would be drilling in Mozambique. All's not well in the state of Mozambique: “No escape for Mozambique as debt troubles mount.” “When news of the secret loans broke, major donors - including the International Monetary Fund (IMF) and World Bank - suspended aid to the southern African nation, pitching it into further economic hardship. Economic growth fell from 6.6 percent in 2015 to 3.7 percent in 2017, with government debt soaring to 112 percent of gross domestic product (GDP) by the end of last year.” Https://www.timeslive.co.za/news/2018-03-28-no-escape-for-mozambique-as-debt-troubles-mount/ Nationalisation is a general path when countries are put to the wall. Those such as Kenmare paying a royalty base can either be bled dry by increases to offset country debts or a retake of assets and infrastructure. Given the cut on world bank and IMF funding options and a spiralling debt pile with creditors looming what other possibilities do Mozambique have given their saviour of gas options aren’t even likely to appear until 2023 and that is then also a maybe.
sleveen
28/3/2018
09:15
Not nearly enough to reduce the long term receivables. How much will WRL receive in March I wonder. Another $5m placing could be due soon. IMV
sleveen
01/3/2018
08:03
Payment received
babbler
26/9/2017
11:07
Increasing sale is fine and dandy, it's getting payment that's the tricky bit;especially in Tanzania.
sleveen
09/9/2017
15:49
PRESS RELEASE 17 August 2017 Wentworth, 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.no/newsweb/search.do?messageId=432892 From the WRL tread at the LSE-forum: https://www.dropbox.com/s/2i274ffnf6b5rnu/WRL-Cash_Flow_per_quarter_2016-2018-Estimates_per_Sept_2017.xlsx It shows significant cash flow as long as demand increases as expected and TPDC/Tanesco pays for the gas.
el_dorado
09/9/2017
11:42
HNR - TWO wells successfully drilled with abundant oil and gas in samples extracted! Fracking and FIRST OIL next month! Don't miss this train!
happyholder123
10/8/2017
09:32
Trade receivables up by about 45% during the period and sales down by about 20%. Looks to me like lack of cash will be an issue soon resulting in yet another placing. Avoid IMHO. PS even if more gas is sold (say 60Mscf/d), there can be no guarantee that WRL will receive prompt payment (in fact it's likely to be delayed)
sleveen
06/7/2017
10:14
and there's the all time low.
sleveen
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