The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I guess its meant Kinyerezi 2.. Cant find any info that its actually up running yet though.
Shit, guess I will be accused for another theft now.. :-) Thanks anyway.
Try again.. https://www.**********.co.uk/blogs/toople-toop-boku-boku-malcy-on-savp-sdx-ppc-wrl-pmo-zen-and-connor-campbell-on-eto-tcg-mtc/ https://twitter.com/VoxPodcast/status/932646067400830976
Malcolm talks about WRL for about 2,5 minutes from 28 minutes into this podcast. Obviously he is convinced. https://www.**********.co.uk/blogs/toople-toop-boku-boku-malcy-on-savp-sdx-ppc-wrl-pmo-zen-and-connor-campbell-on-eto-tcg-mtc/
HighYield: I m convinced that this information would be highly appreciated if you also posted it on the other forum. There can never be too much information.. In the meantime, I'll just prepare some popcorn.
PRESS RELEASE 1 4 November 2017 Wentworth Resources Limited (Wentworth or the Company) Q3 2017 Financial Statements and MD&A Wentworth Resources Limited, the Oslo Stock Exchange (OSE: WRL) and London Stock Exchange (AIM: WRL) listed independent, East Africa-focused oil&gas company, today announces its results for the quarter and nine months ended 30 September 2017. Financial Gas sales revenue of $4.1 million for the quarter, compared to $2.15 million in Q2 2017 and $2.38 million in Q3 2016. For the first nine months of 2017 revenue was $9.20 million compared to $9.02 million in 2016. * Net profit of $0.7 million and net loss of ($0.95) million for the three and nine month periods of 2017 respectively compared to losses of ($3.59) million and ($4.67) million in 2016 respectively. * Capital expenditures of $0.84 million and $2.14 million for the three and nine month periods respectively compared to $0.97 million and $3.79 million in 2016 respectively. * Cash and cash equivalents on hand of $3.36 million at 30 September 2017 compared with $0.98 million on hand at 31 December 2016. * Working capital of $13.48 million at 30 September 2017 compared to $9.08 million at 30 June 2017 and $4.96 million at 31 December 2016. * At the date of the press release TPDC has initiated payment for the October 2017 gas sales invoice totalling $2.6 million cash net to Wentworth. Operational Tanzania * The level of gas demand has stabilized during 2017 compared to 2016. * The Mnazi Bay field achieved average gross daily gas production of 60 MMscf/d during Q3 2017 and 45 MMscf/d year to date 2017. Full year 2017 production forecast remains within Managements previously guided range of between 40 and 50 MMscf/d. * During the course of 2017 receivables increased but have stabilized at between four and five months outstanding from the main purchaser of Mnazi Bay gas. The Company continues to manage working capital with creditors to match the settlement of obligations with the timing of payments for gas sales. * Cash payments of $5.18 million were received relating to gas sales invoices, net to Wentworth, during Q3. Mozambique * Completed the analysis of the Tembo-1 well drilled in 2014 and the reprocessing of existing 2-D vibroseis seismic data from the Rovuma Onshore Block while continued mapping and interpretation of all existing data. * Continued planning of the drilling activities for an appraisal of the Tembo-1 gas discovery, including designing the appraisal well, selecting a well location, obtaining necessary environmental permits and initiating preliminary procurement activities. * Continued the farm-out process to secure an industry partner to participate in the appraisal programme in advance of drilling the appraisal well in 2018. Geoff Bury, Managing Director, commented: Q3 2017 was the strongest production performance in the Companys history with gross gas sal
Just for the record. My post was stolen from this WRL thread in Norway, posted 06:39 UK time http://forum.hegnar.no/post.asp?id=21868855 ..and I thought Norwegian stock forums were sometimes way too ridiculous. That was before I stumbled into the AEX forum.. :-)
http://dailynews.co.tz/index.php/home-news/54079-mega-fertilizer-plant-beckons In todays news: FOR the first time in the country�s history, the Tanzania Investment Centre (TIC) has officially received an application for the registration of a mega fertilizer plant project worth 1.9bn US Dollars (over 4 trillion/-). Ferrostaal Industries Project GmbH, the Germany investor in the project, submitted its application documents to TIC yesterday for the construction of the mega fertilizer plant in Kilwa, Lindi Region. It will be implemented jointly with Danish shareholders -- Holdor Topsoe A/S -- will be registered under the name of Tanzania Mbolea and Petrochemicals Company Limited (TAMCO). Tanzania Petroleum Development Corporation (TPDC) is also a shareholder in the project. According to the TIC Executive Director, Mr Geoffrey Mwambe, the project will create 4,800 direct job opportunities of which 300 will be filled by expatriates. The plant is expected to run on natural gas with a consumption rate projected at 104 million standard cubic feet per day (104mmscfd). Mr Mwambe said the plant is expected to produce 1.3 million tonnes of UREA fertilizer per annum (about 3,850 tonnes per day), reducing tremendously the country�s use of its foreign currency in importing the fertilizer. According to the TIC executive director, Tanzania�s annual fertilizer demand stands at 350,000 tonnes. Given the bulk nature of fertilizer production, the executive director said part of the consignment would be exported to neighbouring countries. Kilwa has been chosen as the project base as it will be easier to haul raw materials from sites in the southern regions. Kilwa�s proximity to the natural gas infrastructure will also simplify project implementation. �This project is of great importance to the government, given the fact that the country is now implementing an industrialization drive to enable its economy attain middle-income status,� Mr Mwambe said. He added: �It is very rare for any country, especially one in the developing country category, to register this size of project. It is a strategic and exemplary project that everyone must be proud of.� According to the TIC executive director, discussions on registration and implementation were held for a long time before an agreement was reached. Mr Mwambe said TIC would expedite the registration process so that investors and the country could realize its potential soon. He said residence and work permits would also be processed and issued to the expatriates involved, for speedy takeoff. The production of UREA fertilizer by the new plant would bring a sigh of relief to farmers who have been complaining of receiving the commodity late every farming season due to importation drawbacks. Local sourcing of the fertilizer would automatically reduce its market price, considering that freight charges have always contributed to high prices,