Member Info for cperkin

Wow some massive assumptions and strong statements there Bucks, none of the conclusion for which can be backed up with any hard evidence without revealing insider information, so finger in the air. I would expect that a previous track record of bringing CBM projects to monetisation coupled with partnerships with companies like GE probably brings the necessary components along with the licences to make a fair tender with an equaly fair probability of sucsess in my opinion.

There are many examples of gas and resources being sold across borders, take a look @ AST. The Government benefit from the taxes and duties leveraged on the company and the sale of any said resources, they hold the licence.

Sorry to hear your bad news TLOU-ers, thought you might be interested... https://twitter.com/VoxPodcast/status/964114245506994176

Everything is a gamble on AIM, but must be wroth a punt at these levels? Good luck.

Hi Babbler, AFPO BLOC is on NEX and this BLOC is on AIM, so different exchanges.

Maybe HY, could of course depend a lot on the Government? Is the situation similar to Tanzania in that respect..........slow?

I agree HY, still surprised @ the 80 BCF figure, but will save that for the Aminex board. The other key ingredient here is the farmout process, I know Malcy hinted last year at the surprise @ some of the people in the data room. A key piece of news for WRL and we must be approaching some information on this soon?

Conclusion, solo is massively undervalued compared with either AEX or WRL ;-P

The Company is pleased to inform shareholders that payments have been received during January from Tanzania Petroleum Development Corporation ("TPDC") and Tanzania Electric Supply Company Limited ("Tanesco") totalling $1.82 million net to Wentworth for gas sales during 2017. As expected, TPDC and Tanesco continue to settle invoices on a regular monthly basis thereby allowing the Company to continue to strengthen its' current financial position. In order to provide consistent updates to the market, the Company will release monthly updates at the beginning of each month detailing payments received for gas sales in the prior month.

http://clubofmozambique.com/news/mozambique-ratifies-us28-million-donation-to-strengthen-mining-and-gas-sectors/?platform=hootsuite

https://www.newera.com.na/2018/01/22/us8-billion-investment-set-to-return-mozambique-to-growth/

34 mins 53 seconds "Very positive" could make the bucket list which is due around 1st Feb? https://goo.gl/RM7seR

Excellent news, thanks for sharing Mick, et that gas flow!

http://www.malcysblog.com/ WRL has announced its annual evaluation by RPS of gas resources at its Mnazi Bay, Tanzania flagship asset this morning. The numbers are very respectable given increasing levels of production last year and carrying on into 2018. 2P reserves on an NPV 10 basis are $159.6m with 1P reserves of 97.3 Bscf gross and net of 72.7Bscf. 2P numbers are 176.4 Bscf gross, 115.1 net and 3P are 265.0 and 155.8 Bscf. As reported recently current production is consistently increasing with visibility very good and guidance has been increased for the project. WRL is looking in a strong position, is well managed (I am looking forward to meeting highly thought of new CEO) and the outlook is good.

Dial 999 mick (noticed your post count ) ;) It is a major frustration and a chicken and egg syndrome and certainly perpetuates the large disconnect between NPV10 the market cap and the share price. This share is completely under the radar in the UK I hope that the BOD move their HQ to the UK and get some notice here, unfortunately with Brexit I think it unlikely.

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WRL&ArticleCode=avlfae7o&ArticleHeadline=Wentworth_Resources_Limited__Tanzania_Reserves_Update Highlights (net to Wentworth) as at 31 December 2017: Net Proved + Probable (2P) reserves are valued at US$159.6 million after tax (NPV10) Proved (1P) reserves: 97.3 Bscf gross (16.2 MMboe); 72.7 Bscf net (12.1 MMboe) Proved + Probable (2P) reserves: 176.4 Bscf gross (29.4 MMboe); 115.1 Bscf net (19.2 MMboe) Proved, Probable & Possible (3P) reserves: 265.0 Bscf gross (44.2 MMboe); 155.8 Bscf net (26.0 MMboe)

Nice to see some going through. GLA

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=WRL&ArticleCode=42k67tq0&ArticleHeadline=Wentworth_Resources_Limited__Appointment_of_CEO

Thanks Josik, makes perfect sense :)

Thanks for sharing Josik. Why the drop in production and revenues forecasted for Q218?