Wentworth Resources Share Discussion Threads

[hiddendepths] 02/2/2021 11:15

Boring but very good value.

Lovely SIPP stock for me!

[rolo7] 17/1/2021 03:39

Over hang of shares to delisting on a stock exchange and delays in payments in past, market not realizing wen is debt free

[deanroberthunt] 16/1/2021 16:40

Why is this so cheap?
the current scuffs level here equates to 11200boepd, which would value a company at around £428m, 10x the current mcap, I've based this on buyout of 2-3 companies on AIM over the last 2 years, one producing 17000boepd the other 10000boepd.

[speny] 15/1/2021 09:05

I watched it and thought Katherine came across very well in reasons for potentially investing here. There was little beyond what we already know, but guess that was to be expected. There may be a follow up for her, as time capped her being able to answer a number of questions.

[interestec] 15/1/2021 08:46

Link to the presentation below. Well received, going by the number of questions.https://youtu.be/YNSTEI2QYKA

[dbfromgb] 14/1/2021 15:51

Any feedback from the presentation would be much appreciated.

[speny] 14/1/2021 14:07

Katherine is on the proactive investors event tonight, I'll be logging in to see if she drops any hints as to the future, which is possible as it's an investors event.

[rolo7] 14/1/2021 12:42

Good statement put out no interest again, forecast set low for 2021 i think.

[speny] 11/1/2021 18:59

Good to see the price has started moving up over the past couple of weeks. I see Katherine Roe in on the panel for the proactive investors energy event on Thursday.

If anyone is interested in seeing what she has to say, here is the link

[wbodger] 08/1/2021 21:13

She was on the Board at Faroe Petroleum before she was appointed CEO here. Also John Bentley (NED here) was Chairman at Faroe. LBE is the continuation of Faroe, under a different name after it was taken over by DNO. Musical chairs in the Boardroom, most of Faroe have started again at LBE and/or here. Bentley departure from Faroe was by ousting, having resisted the DNO takeover.

LBE personnel are expert about the Norwegian Sea (where Faroe was strong) but sadly that's not much help in Tanzania.

The one sometimes mooted is SEY.L, Sterling Energy. They have cash running down and need a project before it runs out. Again, they can't afford WEN, and only have one asset, a farmed prospect in ... Somaliland. (Somalia? Yikes. They seem to love war zones. Formerly had an interest in Kurdistan which ruined the company.) Now cash shell controlled by Russian oligarch Mikhail Kroupeev. Perhaps Eskil Jersing wanted to link up with Sterling, but Bentley, Roe and co said no? (Just speculating.)

WEN don't need a deal. It would be wise to get more Reserves to convince the market that the dividend is secure, then it would re-rate, and Katharine can make whatever deal they are looking at.

7.5% dividend yield is a lot. If the share price went to 0.30 the DY would be 4.8%, which would be sustainable if Reserves support it.

Nice ending to a good week. Summat oop? Or just in line with POO?

[rolo7] 06/1/2021 15:24

could be in closed business due to interest in wen, i note ceo is on board at lbe is it?

[wbodger] 06/1/2021 12:59

Anyone know if there is a limit how long they can be in closed period? If they haven't anything to announce they should update the market.

I don't think they ever announced why Jersing left. Presumably he had a proposal but didn't get backing?

[thordon] 04/1/2021 19:46

Wbodger thanks , never thought of the stake buyout makes complete sense.
they could do this with part cash part shares , then shares sold to market.

[speny] 04/1/2021 11:21

Yes this share has traded in such a narrow range for the past couple of years, it has got to break the 23p two year ceiling at some stage. I'm not sure why this does not attract greater interest, as they make healthy profits, are debt free and pay a decent dividend, what's not to like.......

[rolo7] 04/1/2021 09:22

up see goes first target 23p. added 20k shares just now big spender hey.

[thordon] 03/1/2021 15:31

The Best option is AEX as fully funded for drill program , unless they wait for SCIR to go bankrupt.
Wentworth have stated no deal as Wentworth share price too low

[dbfromgb] 03/1/2021 12:10

My hope is that they use their financial position to seize this moment of maximum pessimism and do a deal with AEX or SCIR - exactly how that deal is shaped is potentially complex but WEN have had plenty of time to plan their strategy.

[speny] 03/1/2021 06:59

Cheers rolo I had a good look but for some reason did not find that particular post.

What are holders expectations for Wen this year?

[rolo7] 03/1/2021 00:12

On new years eve twenty shares for 2021 all high stock ranks it's in msg pdf file you can download if u r a subscriber

[speny] 02/1/2021 21:25

Rolo7 i must had missed it, when was that? Stockopedia generally provide in-depth analysis as opposed to tips.

[rolo7] 02/1/2021 18:59

Tipped on Stockopedia

[thordon] 31/12/2020 16:49

News from Mick2020

Encouraging news! This could add 20 MMscf/d.

hxxps://www.ippmedia.com/en/news/resolution-symbion-tanesco-may-be-sight