Member Info for cperkin

The day before the next RNS based on previous form Tarry.

Solo up 8%?

lol steve, It certainly seems to be moving more naturally now :)

See plonker BOT is still @ it sell for £12.34p

From another operator in Tanzania that are reaching max production from their wells.

Natural Gas contributes ca.55% of power (884MW) to National grid (100MW = 150Bcf 2P reserves)

Demand forecast by end 2021 predicted at ca.300 million scuffs per day. Looks like Ntorya will be producing the full 140 million scuffs by 2021 which = $40 million per year revenue for solo @ 25% holding.

https://www.wentworthresources.com/pdf/2018-10-02%20Wentworth%20Corporate%20Presentation%20v1.7.pdf

Thanks to HY

Many thanks HY.

Tanzanian demand surging  Natural Gas contributes ca.55% of power (884MW) to National grid (100MW = 150Bcf 2P reserves)  Demand forecast by end 2021 predicted at ca.300mmcfd

https://twitter.com/angloafricanog/status/1047379524038676480

oon be spud o-clock 🥔🥔🥔🥔🥔🥔 6 spuds all in a row - 1 for each day that ticks of as we go

Give or take a spud or two ;)

Soon to be ticker WEN - also very good news on payments.

"Demand for Mnazi Bay gas is currently in excess of 95 MMscfd. Future demand is ramping up significantly, with Mtwara, Sumanga-Fungo, Kinyerezi III and Kinyerezi IV power plants all planned, with a projected combined additional demand of 180 MMscfd. To the Company's knowledge, there are currently no uncommitted onshore 2P gas reserves to supply the near to mid-term demand requirements."

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WRL&ArticleCode=jww7bl05&ArticleHeadline=Wentworth_Resources_Limited__Corporate_Operational_and_Resource_Update

Nice High grades

o CRD023: 22.49 m @ 1.00% SnEq from 667.10 m, including 2.00 m @ 4.25% SnEq
o CRD024: 6.21 m @ 1.46% SnEq from 499.42 m, including 1.00 m @ 4.11% SnEq
o CRD024: 5.62 m @ 1.83% SnEq from 567.94 m, including 1.00 m @ 7.74% SnEq
o CRD024: 6.00 m @ 2.61% SnEq from 583.95 m, including 3.00 m@ 4.45% SnEq

I sent the WD40 last month Tarry so it should be ok.

Decent rig, Mudding system & drill team for the next one no doubt. They are looking for a rig to drill 6 wells it seems and not just C-1?

The assets are there and the resources proven, thats the bottom line and true value will out in the end. I am certainly not going to be bullied or frightened out such a gift by some BB poster.

Show me a better share with such undervalued 2C or more resources and I will consider it.

No need BD1-S the assets speak for themselves, certainly the UKOG shares and the Ruvuma asset alone, you won't find another aim share with such asstes at such a bargain price, if you do, please point it out :)

Well caddy maybe it's time for a surprise :)New management 10 fold increase in resources a $40 million farmout and a development plan to production with a cash rich Operator.

Never say never!

I quite agree Caddy and thats exactly the point everyone is making, it's just frustrating really.

I understand that until the Ruvuma Farmout deal is complete there is a degree of risk that can be assigned to the asset and the same goes for the Mtwara licence but the risk assigned is almost 100% which is poppycock. Even when you consider the PSA and the licence renewal & as the Aminex CEO stated at their AGM, the licence is still valid whilst waiting for extension so to value it at almost $0 is just bull****.

Anyway fake valuation or not news on the licence, farmout and KN-1 remediation all due before Christmas.

Solo - 15:11 Sell for £3.02p

Aminex - 16:15 Sell for £3.68p

Can't help you there steve, a CPR is the industry standard and it currently says 5TCF GIIP for Ruvuma and 763BCF 2C
RPS 2018 CPR

In terms of income the 763 BCF has a sale value based on the current KN-1 GSA price of $2.5 billion

Sorry correction, I should take a couple of million cash out of that equation

Down a little on yesterday, Solo's 234,042,221 UKOG shares are worth £4,563,823 which is = to 33% of solo's current market cap.

Ruvuma - 25% of 5TCF Giip and 763 BCF 2C + Kiliwani and Helium -1 currently valued @ £7,176,177 according to the MM's

Down a little on yesterday, Solo's 234,042,221 UKOG shares are worth £4,563,823 which is = to 33% of solo's current market cap.

Ruvuma - 25% of 5TCF Giip and 763 BCF 2C + Kiliwani and Helium -1 currently valued @ £9,176,177 according to the MM's

Whats more the MM's will take £000's of pounds of shares from me on a dummy sell, many multiples of the market size.....the question to ask is, why is that?