Wentworth Share Discussion Threads

[sleveen] 15/1/2016 08:09

Let's assume Q1 16 avg 70Mscf/d. (55Mscf/d Dec 15) M = million.

$3 / 1000scf = 1000000BTU

70000* $3 *91 days = $19m Q1 16.

Net(33%) to WRL = $6.4m less opex and G&A(circa $5m from Q3 financial update)

Leaves $1.4m per quarter, useful but not enough.

IMHO.

[ntv] 13/1/2016 18:17

looking at current cash position and at the current production figures, it would safe to assume no rights issue
repayments of $7.2m due in second half but doesn't state exact dates in statement so I am assuming these are due in equal instalments of $1.2m per month
and ongoing til debt repaid
so another 6 months of cashflow before payments start.
so hopefully the production figures will increase further despite the teething troubles at the power plants
also a good chance of further small increases from other sectors
with the government holding a 20% interest it hopefully be a good investment

[oregano] 13/1/2016 09:14

they should generate $3.5m pcm at 80. so assuming they continue to get paid on time, placing not an issue. but clearly two key variables there!

[sleveen] 13/1/2016 07:45

Not quite the 80M scf/d. Hence the reporting delay.

Will the $7.6m be generated in time for the H2 repayments?

Could be tricky...placing required?

[flyingbull] 31/12/2015 18:21

The monthly oil stock competition for January 2016 as well as the 2016 annual oil competition are now open for entries. Deadline for entries for both competitions is midnight on Sunday, 3 January 2016.


Have a very happy and prosperous new year!

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[juuunx2] 23/12/2015 01:30

Agreed a good progress report would reassure us. Merry Xmas all

[sleveen] 21/12/2015 08:24

Would be nice to see progress on the build up of gas production to 80mscf/d and at the same RNS tell us about further monies received.

[koolio] 11/12/2015 09:54

There is no need for them to report every recipt or invoice, I can't imagine any company doing that.
It's fair to assume that without news to the contrary all is on track.

[juuunx2] 10/12/2015 19:59

Maybe they won't report every payment just report when required like on a trading update etc

[sleveen] 09/12/2015 12:00

Market getting concerned about lack of an RNS relating to payments for November IMV.

[sleveen] 19/11/2015 16:29

Market underwhelmed by today's news. Probably because of the further development of the small gas discovery in Mozambique.

[juuunx2] 19/11/2015 07:26

Finances looking good here good future ahead

[oregano] 05/11/2015 17:14

Sleveen - you are right, i meant revs. I had assumed thes announcement refers to the revenues attributable to them, but you are probably right on that score too. thanks.

[sleveen] 05/11/2015 15:43

Don't forget to deduct cost and G&A , interest payments etc and the payment is to the JV of which WRL have about 32%.

Your confusing revenue with cash generated a big difference.

[oregano] 05/11/2015 15:39

if we received $3.8m at an average of 33 units in October, presumably we get $10m when up to 80 units so $120m of cashflow per year, mkt cap £50m. I'd agree it looks cheap. maybe we have to see a few more months of getting paid, that is the key risk.

[jovi1] 04/11/2015 10:07

i am struggling to know why this is not worth a lot more.
and bear in here that can give a negative view?

thanks

[liquid millionaire] 04/11/2015 09:15

Wentworth Resources (WRL.L, 31.5p, £53m) ops update. Following first gas
deliveries into the transnational pipeline in August, the production
facilities, export pipeline and receiving facility are now operational
and gas is being used to generate power at the (existing) Ubungo-II,
Symbian and (new) Kinyerezi-I plants in Dar es Salaam. Export averaged
33mmcfd in October with a gross payment of $3.8m to the partners (WRL
32%) from TPDC. Still producing at a restricted 33mmcfd from three wells
currently, with fourth expected to be tied in this month and fifth in
Q1. Coy previously expected to reach 70mmcfd in October but still
anticipates hitting its 80mmcfd YE target during Q4. Positive – first
cash in the door, although this will be slightly tempered by the
slower-than-expected ramp up of exports.

[liquid millionaire] 04/11/2015 08:20

'FIND ME A BOWL FORMING' (BOWL) at WRL

[liquid millionaire] 04/11/2015 07:52

888ICB 4 Nov'15 - 07:44 - 341 of 341 1 0

RNS first payment received. Very positive news for Wentworth and also by association for AEX.

[liquid millionaire] 04/11/2015 07:52

Oops ADVFN not working properly again this morning!

[liquid millionaire] 04/11/2015 07:51

Great news!

[liquid millionaire] 04/11/2015 07:51

Great news!

[888icb] 04/11/2015 07:44

RNS first payment received. Very positive news for Wentworth and also by association for AEX.