Member Info for alph

This makes me slightly optimistic:
https://www.thecitizen.co.tz/tanzania/news/business/tpdc-draws-strategies-on-lng-project-pace-3352552
"She wanted the ministry to evaluate why the project was not moving at the expected pace and identify those obstructing its progress.
“The LGN project is likely to become a National Anthem, because we have sung it for a long time now. It is time to know if the project is viable or not and understand who is blocking it,” she noted.
Those hindering its progress, she said, must be pushed aside.
“Don’t take long negotiations. If the existing investors are not willing, then you (ministry) must find others because they (investors) have a lot of projects they implement out there,” she said.
Ms Samia said that when she was the Vice President of Tanzania she tried to intervene, but her power was not enough to push the agenda successfully at the time."

https://www.thecitizen.co.tz/tanzania/news/president-samia-heralds-the-beginning-of-a-new-era-3352284

Yes.
Now confirmed dead.

Wasnt aware that Magufuli was so much hated..
What also hits me, is that Magufuli supporters (on social medias at least) reminds me of typical hardcore Trump-supporters.

By the way: Found the M&P Audio Webcast. https://www.maureletprom.fr/en/article/audio-webcast-resultats-annuels-2020
It wasnt a bad translation on the transcript. Rather the guy reading the report lack of understanding.

The market cap of #AEX is now under the cash balance at Wentworth...

Should we...?

Dont forget the Omanis!

I think we better leave this in the steady hand of grand old investor Tanzania.

https://www.youtube.com/watch?v=irQnhaE_WIA

https://simplywall.st/stocks/gb/energy/aim-wen/wentworth-resources-shares#intrinsic-value

"WEN (£0.17) is trading below our estimate of fair value (£1.68)"

Some analyst in Oslo once called WEN the most undervalued stock in the world. At that time stock price was about 35 pence.

Will we ever see 30 pence again?

What have you done, Jaegergard???
You know you are not allowed to insult neither Prophet Muhammed nor AEX at London Stock Exchange? Both are considered blasphemy!

Shame on you!

I guess "closed period" could simply refer to that WEN was about to release their interim results?

"closed period"...meaning?

Insiders are not able to buy shares..?

Operational

· Adjusted production guidance range of 60-70 MMscf/day (gross)

· 58.28 MMscf/day (H1 2019: 66.17 MMscf/day) for the period to 30 June 2020 following weakened demand due to COVID-19 related restrictions in March and April and an extended rainy season in January and June (normally March to late May)

· Industrial demand now recovering after the lifting of COVID-19 restrictions and natural gas-fired electricity generation displacing hydro-electric power due to the onset of the dry season. Proportion of supply to Tanzania's national grid provided by natural gas increased from 47% to currently 60%. Production averaged 68.48 MMscf/day for the period 1 July 2020 to 31 August 2020 and 71.77 MMscf/day for the period 1 August 2020 to 31 August 2020

Dividend:
A dividend is declared of GBP 0.48 pence per share (US$1.2 million), payable by the end of October 2020. A final dividend for the year ending 31 December 2020 will be determined by the Board with the full year results and is expected to be approximately $2.4 million in line with the Company's stated policy of 1/3 : 2/3 split between the interim and final dividend. Assuming a final dividend is declared, subject to shareholder approval, this would equate to a total distribution of $3.6 million which represents a full year dividend of 1.43 pence per share, a yield of approximately 8.2% at the current share price.

20% increase in todays macroeconomic circumstances is pretty nice, isnt it?
I dont expect any more interest in this share what so ever, but still.

https://youtu.be/NiaztsAbNvw

https://www.linkedin.com/posts/wentworth-resources-limited_microsoft-word-wen-ioc-activity-6683758353816072192-l9So

WEN supports the Covid-19 fight in TZ.
https://www.thecitizen.co.tz/news/Ministry-to-issue-guidelines-to-manufucture-masks/1840340-5544662-e1qe4s/index.html

Remember that WEN will be paid for minimum 70 mmscf/d (68+2) during 4 months rain season, even if production is much below 70 mmscf/d.

Rest of the year production will most likely be much higher, and so will also payments.

Also to be noted that WEN has gone back to NPV 10 (former NPV 15).

Time to buy some, Tz?

Has there been any news regarding K-1 ext. lately?

For me it sounds like there isnt much stress about getting it in production. I mean, wasnt it 90% completed when the bankruptcy occured? Isnt there a increasingly hunger for more electricity?

Would like to wish everyone who is checking in here randomly looking for new posts, a happy new year for yourselves and Wentworth Resources. Will 2020 be the year we expected in 2016, 2017, 2018 and 2019...?

https://wentplc.com/wp-content/uploads/2019/11/2019-11-19-IRpack_FINAL.pdf

Kathrine Roe and Tim Bushell met Norwegian investors Tuesday night in Oslo. A summary of what I have read from those who attended the meeting:

Focus on making WEN to a strong «dividend stock». Dividend paid october 2019 could be seen as "floor level".
Next drilling 2021/22, most likely 3 wells.
Focus on Tanzania/East Africa for M&A. (which was the reason why former CEO left)
Kathrine Roe most likely to become permanent CEO
According to board member Tim Bushell, an bid for WEN should be minimum 50p before it would be considered.
Wishes for monthly operational updates not granted, as it could be viewed as rude/disresectful by TPDC/Tanesco.

https://wentplc.com/wp-content/uploads/2019/10/2019-10-28-London-121-OG-conference.pdf