Member Info for astrol

wow mick!!!!

i just asked a question and most of your reply is a harassment. having had a different opinion to you mick is not allowed.

i understand.

this message board is joke. how many people read posts here? i probably was one of the few and i was annoyed by your constant negativity,i thought many people would read messages here. i stated you have posted probably more than 1000 posts bashing people who don't agree with you , and stating that you posted libellous and defamation messages about named persons. i did not like that and i think those people in the board got really ****ed off by your negative attacks. imo the constant complaint from people like you and a lot of people in the norwegian xtrainvestor had an negative effect and if it would have been me, i think i wouldn't bother anymore.

anyway. the mismanagement regarding the take over seems to be very grave ( i wondered if it could be a class action against the management) . from my understanding the board of directors has not acted in the interest of the shareholders. would it help to get a new board of directors, i don't know, if i understand correct, you are one of the people aiming for a position there. so i rest my case.

Mick

I understand there is a movement to get a new board of directors, I support that if the persons are competent.

Are you guys planning a class action suit towards the board og directors and the CEO since it seems obvious they mismanaged the company over years and may in many ways not acted in the interest of the shareholders

When will we get paid?
As a rather small shareholder, I have not been so involved. I understand all the super negative postings at different billboards, all the complaining about the board of directors, all the 10 1000s angry emails to the CEO and the board of directors, all the attempts to make to make the institutional investors angry at the CEO, has been in vain. Feel sorry for you, Wish you better luck and less frustration with next investment??

Brilliant Mick!!! You see I am an inventor , and my nature is to find solutions to problems. I suggested a solution for Norwegian investors to overcome the 2000 NOK fee for voting at the general assembly, and all you can come up with, is harassment. I have never been happy with Roe, definitely not with Eskild , absolutely not with the board of directors.
I am just pis.ed by people who always constantly complain and never try to find solutions that make a difference. No name mentions. Have a nice day ??

According to what I understand the Norwegian shareholders need to pay 2000 NOK in order to vote at the general assembly. What if those in registrered in DNB for instance give authorisation to one large large shareholder to vote for them?

Well well, Geowitch, I know it is popular to tell Wen are doing nothing at all and it is a "Non -operational" but it is not the truth
It is like if I and You owned a well, you owned 60 % and I 40, We need f. instance a working force of 10 people to operate the well. So we take responsibly for differenct part of the operation, I take one part - you another. You employ 6 persons and I 4. And we work in teams. Wouldn't you say I am then a bit more than "non-operational" ? And if not, would it be like if you had taken the role to be operator alone, wouldn't you send me bills for your expenses, so that I had to share the expenses according to the percentage of my ownership?
Like many here they complain and complain and seems simply not understand the situation. It seems like they think M&P would pay all expenses and we would get all the income according to our % ownership. And they claim the G&A expenses are ridiculous when "we" are doing nothing at all.
And by the way you have a point with the resources are getting smaller. But the fact is that there are luckily huge reserves in what we own. Therefore Wen has employed a manager to take care of this problem for the future. That is a part of being a semi-operator and working in teams.

"Ask not what the country can do for you, ask what you can do for the country. "
I would say I am impressed by Kathrine Roe, She took over the management when the prise was just over 17. In spite of some people complain constantly. There is such a negative vibe around all the lies and all the negativity shareholders post about wen. Even lies are posted, IE Wen is a "semi - operational" gas company, they share the operational duties with M&P. The SP price has gone up during Kathrine. it has not been a disaster like some people lie about. The company is in pretty good shape and probably one of the safest bets these days.
So being a shareholder in Wen should be quite safe.
The sale prise is only about 21p and thereby the stock is extremely undervalued. The ROI last year has been + 22 % and in addition it has given a dividend of almost 10 %.
According to one investment analysis the SP is 78 % below fair price. Fair value according to this analysis is 89p.
Net profit margin is about 25 % higher this year than previous 3 years. Next year net profits probably will increase more.
Wen is outperforming industry average regarding to PE ratio - Its P/E ratio is 9,9 compared to 13.3 for industry average and compared to the market in general of 19.6
Wen is doing great regarding P/B ratio . P/B of Wen is 0.5 compared to Gas and Oil industry of 0,9.

Damofarl Some people are joykillers. It seems like they find pleasure in that. Like one person hundred of times harass the management -of wen even stating lies about the SP development, and about the fact that Wen is in fact a semi-operational company - working closely in cooperation and partnership with M&P.
I read Perkins post and became happy.
Then Your post and it did not make me happy. I think when something happens it is news. It is also news when media report the news. Then it is news in a broader sense.
I think also for my part, the following were good news. "Production at the Mnazi Bay gas field averaged 80 million standard cubic feet a day (Mscf), above the 2021 target and the country’s overall gas demand for the year as production costs dropped 72 percent to $0.48 per Mscf “due to continued focus on cost efficiencies and high degree of operational leverage at Mnazi Bay,” it said."
Knowing we get 7% more paid, and knowing there're a lot of uncertaintiesin the world today , like money becomes more expensive, I think Wen is quite a safe haven compared to a lot of other companies.

re; "Not really sure what the point of the post it?"
Shame on you damofarl!!

Being a shareholder in Wen should be quite safe.
The sale prise is only about 22p and thereby the stock is very undervalued. The ROI last year has been + 22 % and in addition it has given a dividend of almost 10 %.
According to one investment analysis the SP is 78 % below fair price. Fair value according to this analysis is 89p.
Net profit margin is about 25 % higher this year than previous 3 years. Next year net profits probably will increase more.
Wen is outperforming industry average regarding to PE ratio - Its P/E ratio is 9,9 compared to 13.3 for industry average and compared to the market in general of 19.6
Wen is doing great regarding P/B ratio . P/B of Wen is 0.5 compared to Gas and Oil industry of 0,9.

Mick
What is evil and vicious? IMO to attack me and posting several times in a chat room indicating I am mentally ill, is an evil and vicious action.
You have no idea who I am or what I am.

I think your comment would be fair, if you stated your opinion about the management once or twice a year. You attack Kathrine Roe with libellous and defamational, content in almost every post you do. Then the activities you do, cross the line from being expressing your opinion to being vicious and evil actions. IMO.
By the way,
Keep your facts straight. Katrine Roe have been the leader for only 2 years. She inherited a situation and have tried her best for the company. Maybe she has not answered all your frustrating emails, but I think you should give her some credit.
She has made a better and understandable web site, she has according to Tim done a lot of great thing both in the cooperation with M&P and in cultivating a good relationship with the government;
According to Tim Wen is not really a non-operating company like you state . - due to the close cooperation with M&P, they are more like semi - operating company.
Kathrine has made it more attractive for investors to invest in ESG focused companies - even it was a bit late because the ESG hype is partly over. .
I have spoken with both the former manager Eskil, (who for some stupid reasons seem sto be more popular then kathrine) My impression about Kathrine is that she is a strong very skilled woman with a strong backbone. A person I talked to who had been working with Kathrine earlier, , confirmed to me in a conversation this - that Kathrine is very skilled and clear and had been extremely valuable in their co-opeeration,
Eskil on the other hand I talked to once, and I became very disappointed. He seemed to me to be a kind of weak person with no backbone. Maybe he is clever in his trade, but he was a disaster for the SP of Wen. And as far as I know, he has never had any success-rate to talk about. Ever. May be he was more popular because he spent a lot of his time answering your emails? I dont know.
karhrine has been manager for a bit over 2 years. When she took the leadership the SP was about 17,25. Not 85 p like you indicate: And SP today is not 20 P it is closer to 22. So stop lying Mick.
What do you expect to be the result of your everlasting attack the Wen company stating them to have be poor management? You cannot change that if it would be true. I know one thing, your activities make me want to sell my shares. And Kathrine is a human being - a woman - why is it so important for you to do everything you can in order to destroy her reputation. Even with lies. You act like ai a bitter pathetic loser and you are by your actions a traitor to the other shareholders. IMO

Mick I will never comment your posts if you stop your evil, vicious attack and complainings on Kathrine Roe and the Wen company.
In my perspective you are obsessed with bitterness and I find your repetitive negative comments to be utterly ridiculous.

Hi Wilbur
A friend og mine considered to buy Wen shares. I adviced him not to for 2 reasons.
1st - because there i so much negative sentiments among some bitter shareholders constantly harassing Kathrine and the board of directors in public fora. (names not mentioned)
2nd because the share is quite Illiquid. The 2nd reason I think is related to some traitor Wen investors like Micks constant vendetta against the board of directors and Kathrine.
IMO the SP would increase if people like Mick stopped their harassment and complaining.
In Norway we recently had a very exciting final in Handball final for women. The Norwegian team was under with 6 goals just before half time. Everyone of the Norwegian players seemed to be very frustrated and the french team played a lot better. Suddenly Norway scored 2 and then they scored 4 more. It was like a total transformation happened. Now the Norwegian team got self confidence and started to believe in winning. And finally they won by 7 goals. How could this happen? The reporters asked this question over and over again.
A scientist in an article recently gave the answer. He had done a lot of research about this subject. His thesis is that when in a team there is entusiasme, joy, positivism and like the performers «play», they perform much better, Opposite when there in a team is complaining , (like the french teamleder started to do) and frustration reigns , a team (and individuals) will perform much worse than their potential.
So I think we should at least stop all the negativity, harassment and complaining. if so I think I think the SP of Wen would come much closer to 30 p quite soon.

Toadhall
I think you are right, I once tried to applaud Kathrine for the attempt to present Wen as an ESG focused company, but Mick as a reply to my post attacked the management in a libellous way and also attacked me personally. ;-D . I can take it to be a chopping block for these people Mick and Alph who act like they are the enemies of other wen shareholders. I feel sorry for them and their loss, but they dont need to be so constant negative. But at least it is better they attack me than using all their energy to state something negative about Kathrine and the board of directors.

Hi Wilbur
To be serious, I think many institutional investors usually have a politic to be quite shortsighted in their investment strategy. They seldom invest for many years. If an investment has not payed off within a reasonable time, they go on and find another investment object. Some institutional investor I know of, has a strategy to sell their investments after 3 years even when the investment has been successful.
Apart from that my opinion is Wen is absolutely undervalued. The share price should have been at least about 30 p. The question is why not? It is not because the company is improving constantly. The results are better, the outlook and future brighter. It is more solid and gives a pretty good dividend compared to similar companies. Even Malcy is very positive to the share.
I would say some people act like they are investors from hell. This is a public forum where I suppose some potential investors and Wen shareholders read what is written. It is not very tempting I suppose to invest or own shares n a company where some shareholders constantly iare complaining about the company and its leadership, How many hundred complaining posts containing libellous content to the board of directors an Kathrine Roe has Mick posted?
To be straight I dont understand their motives. I know some of the norwegian investors failed in an attempt to kíck out the board of directors. Leader for this failure was a guy called Mikkel Jensen. He seems to have the exact same agenda and postings as Mick2000 but in the Norwegian chat room . My personal opinion if I may say so, I think these people are like traitors to the other shareholders, They only produce unnessesary noice.

test

“The debate has shifted recently; the consideration of Africa’s needs is now front and centre, and there is a much wider sense that a just transition is needed”, Roe says. “Africa is a low climate change contributor, and it is important to protect the continent from being forgotten about in the transition discussion.

“It is better understood now that, for Africa, it is not as simple as just halting all oil and gas investment. We need to look at the energy transition in the developing world through a different lens than the developed world”.
end

There is no flaring or methane leakage from the field, which also benefits from relatively new and efficient facilities and technologies. It is a “good operation as it stands, but we want to abate emissions as much as possible and we are also looking at local offsets, which will benefit local communities”, Roe says.
Wentworth has only the Mnazi stake to date, but it is looking at other potential opportunities “predominantly with gas”. The company has a proven track record with gas-to-power schemes, Roe says. Wentworth would also consider renewable energy investments in the long term, with the intention to maintain a lower-carbon portfolio.

The company is focused on Tanzania, as it already has good, established relationships and connections in place, Roe says. But there are wider opportunities in east Africa that the firm will not exclude. And Tanzania’s gas reserves and plans to expand gas-fired capacity could see it become a regional hub for power and/or gas exports someday.

Mnazi’s proximity to the border with Mozambique means security is a concern due to the insurgency in Tanzania’s southern neighbour, which has already significantly affected LNG developments there. Mnazi has been well-protected, and additional security measures are now in place, Roe says. The importance of the gas for Tanzania as a whole means the government is keen to ensure security.

Good governance
Wentworth has “great relationships” in Tanzania, Roe says, emphasising the equity partner status of TPDC. “We work very closely and well”, she notes. Foreign companies must partner with African governments, Roe says, adding that the days when foreign firms could act with impunity are gone.

Wentworth has not experienced any recent receivable issues, nor any Covid-related disruption. Tanzania has reliable and good governance and has a stable administration. And the authorities recognise how fundamental gas-to-power is for the country, Roe adds.

Foreign companies often face issues while attempting to monetise gas successfully in developing countries, particularly if the government caps energy prices or if the general public cannot afford to pay for services. But Tanzania is different. The NNGI pipeline significantly lowered the cost of delivered gas, so TPDC can sell the fuel to state utility Tanesco at a price that still allows it to make a profit.
That resulted in a significant shift in the balance sheet of Tanesco, which was formerly a loss-making entity when solely reliant upon Songo Songo gas and other emergency fuels. And that in turn means Wentworth has not experienced issues over payment.

Wentworth considers gas as integral to the energy transition. And when considering ESG, “it is important to link the environmental and social aspects”, Roe says, emphasising that low-cost and low-carbon power provides a huge benefit to Tanzania. Roe also argues that, for Africa, energy access “must come first” in transition planning.

continues

from an article in Pemediannetwork.com
Mnazi is performing well and meeting its annual production guidance of 70-80mn ft³/d (2-2.3mn m³/d), Roe says. Production has been held beneath capacity, however, and the field can produce just above 100mn ft³/d from the five wells in place. Tanzanian gas demand has constrained Mnazi’s production to date, but that is changing, Roe explains. The field’s output was uninterrupted this year, and Wentworth is looking to optimise the asset further.

Spare capacity
There is spare capacity already in place to allow expansion, since the Mnazi gas processing facility has an installed production capacity of up to 210mn ft³/d. In addition, the National Natural Gas Infrastructure (NNGI) pipeline—which links Mnazi with gas-fired power stations around Dar-es-Salaam—can accommodate around 800mn ft³/d.
Spare capacity
There is spare capacity already in place to allow expansion, since the Mnazi gas processing facility has an installed production capacity of up to 210mn ft³/d. In addition, the National Natural Gas Infrastructure (NNGI) pipeline—which links Mnazi with gas-fired power stations around Dar-es-Salaam—can accommodate around 800mn ft³/d.
Roe is confident that Tanzanian gas and power demand is set to rise in the coming years, as the government is pursuing two significant targets: 5GW of installed power generation capacity by 2025, up from approximately 1.6GW currently; and universal access to power by 2030, up from sub-40pc now.

Tanzania should also see a parallel upturn in industrial demand growth alongside the expected rise in residential demand. But Roe admits there is a “chicken and egg” situation with the former, as industry wants the supply in place before investing, while suppliers ideally want the demand to exist before they develop projects.

Demand poised
Wentworth is well-positioned to capitalise on demand increases in Tanzania, as Mnazi is one of only two producing fields in the country. The other is Songo Songo, which is operated by Toronto-listed Orca Energy. The country’s energy mix is also already around 50pc gas-fired and 35pc hydroelectric, although the latter increases during the wet season and displaces some of that baseload gas capacity.

Tanzania is a leader in Africa in terms of gas-fired generation capacity, and a “great example” for the rest of the continent, Roe says. The country made a “bold move” to commit to gas a few years ago and now enjoys the biggest and best gas infrastructure network in east Africa, she adds.

The government’s strong backing means gas will remain an important part of Tanzania’s energy mix for decades to come, Roe suggests, while the country does not have a legacy of historical dependence on other fuels. In addition, the “very-low carbon intensity” of Mnazi and Tanzania overall also helps the long-term prospects for gas projects in the country.

contiues

To quote a norwegian saying: Mot dumskap kjemper selv gudene forgjeves. - - translated : "against stupidity even the gods fight in vain "
I rest my case so far....