Member Info for mick2020

Is somebody hoovering up available shares? The trade at 23.60 is actually a sell and not a buy.

Moving up slowly! Anybody here who bought some shares at 15.5p in September? 50% gain in about 4 months, amazing, well done!

Sorry BG, I just couldn't resist commenting... While many here seem to hope that Aminex will merge with WEN, you will find very few WEN shareholders who think the same. It simply won't happen.
From a Wentworth perspective: why dilute or sink more money in an unproven, high risk new exploration project while there are plenty of safe options to grow within the asset that we have? The next Mnazi Bay well (MB-5) is expected to add almost 200 Bcf reserves. We have several TCF's of resources to explore. As an alternative, we may also be able to buy out Maurel & Prom.
A merger between WEN and AEX will only destroy value, just forget about it!

£40m?

https://www.japantimes.co.jp/news/2021/02/01/national/takahama-nuclear-reactor-restart-approval/

If Biden embraces nuclear energy as well (as speculated in the media), then I see this going up fast this year...

https://smallcaps.com.au/uranium-fears-supply-shortages-drive-up-yellowcake-share-prices/

Interesting.

Cash YE 2019: 13.5 mln
revenue: +18.5 mln
P&O: -3.2 mln
G&A: -5 mln
CAPEX: -1 mln
Dividend: -3.2 mln
Debt repayment: -1.7 mln

Total cash end 2020: 17.8 mln. Fits perfectly.

Either it is not relevant for WEN or the company has squandered even more?!

Good to see that Katherine is trying a little bit harder to promote the company these days. The problem remains the same though: there is no news whatsoever, all we do is waiting on an increase in gas demand. No news on a licence extension, no news on drilling plans, no news on growth and certainly no news on G&A cost reduction targets.
Question for Katherine: apart from a production target of 65-75 MMscf/day, are there any other "hard" business performance targets for 2021? And no HSE, COVID, ESG or other sustainable nonsense stories please...

https://seekingalpha.com/article/4401074-positive-supply-and-demand-outlook-points-to-much-higher-uranium-prices

Good update, happy to see flowrates above 100 MMscf/d in December! Will TPDC have realised that the annual average flowrate was still below the take-or-pay flowrate rate of 68 MMscf/d? Nice to know that they still owe us some more money...

Interesting article below (Dec. 2020). Construction is expected to take 9 years for stage 1, and 3 years for stage two. On top of that it is unaffordable. Hopefully the government will (at least secretly) realise this as well and shift focus back to gas! Restart the symbion plant and commission Kinyerezi extension in 2020?
Let's hope so!

https://gga.org/tanzanias-very-expensive-white-elephant/

And a nice little price recovery. Will we soon see 30p back?

Katherine seems to be pulling out all the stops promoting Wentworth at the moment, see the links below!

The cynical part of me says that she has very little else to do anyway... saying that, I like it that she puts in the effort. I just wonder what's behind this recent promotional work. Her 890,000 options that will lapse later this year or is there perhaps a real ambition to do something with the company, while we continue to wait on an increase in demand?

Another article in the Press and Journal (Energy Voice, page 19): https://digitaledition.pressandjournal.co.uk/html5/reader/production/default.aspx?pubname=&edid=0cab25a2-2c66-400a-972f-23dc3f9361f8

Again a company pitch, on 14 January: https://www.proactiveinvestors.co.uk/register/event_details/311

https://www.thecitizen.co.tz/tanzania/news/why-kinyerezi-i-power-project-faces-delay-3246726

Maybe Katherine's interview in Forbes a few days ago helps getting Wentworth on the radar screen...

https://www.forbes.com/sites/rebeccaponton/2021/12/31/wentworth-ceo-natural-gas-is-a-transitional-energy-in-the-developing-world/?sh=6b3a29867b8b

And a happy New Year to all!

Encouraging news! This could add 20 MMscf/d.

https://www.ippmedia.com/en/news/resolution-symbion-tanesco-may-be-sight

Up 27% since I got in a month ago (12 November), excellent! ! :-)

Wow.... Katherine now holding 4,61 mln share options, incredible really. For doing nothing at all. All we do is waiting on an increase in gas demand, NOTHING else. Nothing material has been delivered the last few years. I guess it's a hard job to decide how to spend the 5 mln G&A annually, doing f*ck all! Absolutely outrageous how the board keeps rewarding itself.

One consolation is that every option ever issued by the company, ended up in the bin.... It almost makes me wish that the commissioning of the Kinyerezi extension is delayed by another two years...

Time to boot out Bob!!!

Katherine is doing what she can, but she's on a tight leash I think.

Did anybody bother to listen to Katherine's webinar on shareholder engagement yesterday? Any new insights or just the usual waffle?

https://www.actionsspeaklouder.co.uk/