GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
My guess is were from a third to half way so around the 1800 metre mark. Previous reading have oil shows at depth of around 2300 depending on geology. Maybe end of august till update but if youve done your research now should be a top up. The herd will be around soon enough, just in anticipation this should reach 60p, with good grades who knows. Buy into news and there is plenty of that on its way i guess. If a duster, well hey ho we have another waiting to be drilled with more info from the first either way. All paid for so cant see much downside from here at the moment with plenty, at least two, then maybe THREE free drills into one of recent histories most prolific rovuuma basin. With not only a chance of a commercial oil find but the chance of gas on the way down. Whats not to like really. Hooves, I hear you coming
Yeah it does make you wonder?? Certainly some odd trades today, see if any news tomo? Still a great product though. More and more builders I know are using the product even with todays cost. Increased volume alongside the increased coverage and in turn sales bodes well for the future. Nothing goes up in straight lines they say, you never know, it might just be a scare tactic to mop a few up on the cheap seeing blue sky in near term. Oh the conspiracies. Enjoy
Jun 25, 2014. /Lesprom Network/. Accsys Technologies, manufacturer of modified wood product Accoya, has appointed Snavely Forest Products as an official distributor of Accoya wood in the USA, as Timber In Construction said in the press release received by Lesprom Network. The wholesale building material distribution company will increase the presence of Accoya across the USA from five strategic locations – Pennsylvania, Colorado, Texas, North Carolina, and Baltimore, Maryland. Bryan Crennell, director of sales and marketing at Accsys Technologies, said: “We’re extremely pleased to be able to announce the appointment of Snavely Forest Products as an official distributor of Accoya in the USA. This partnership has been months in the making and signals targeted expansions of Accoya in the USA. - See more at: http://www.lesprom.com/en/news/Accsys_Technologies_appointed_Snavely_Forest_Products_distributor_of_Accoya_wood_in_the_USA_62586/#sthash.9y9ooJzV.dpuf
Problems stalling delayed Mnazi-Dar GSA now resolved By Leigh Elston Posted 4 June 2014 Issues stalling an agreement over gas sales through the new Mnazi Bay to Dar es Salaam pipeline have finally been resolved, and the deal is awaiting government approval, Wentworth Resources Chief Executive Geoff Bury told Interfax on Tuesday. -The Tanzanian attorney general s department needs to vet the contract and, once that s done, hopefully we ll be in a position to sign it,- Bury said on the sidelines of the Africa Independents Forum in London. http://www.boursorama.com/forum-maurel-et-prom-vente-gaz-tanzanie--en-bonne-voie-431060356-1 Dated 4th june so been sorted a while it looks
upcoming highlights http://www.proactiveinvestors.co.uk/companies/news/69710/the-big-picture-wentworth-resources-tembo-spud-sparks-catalyst-packed-period-69710.html#
Accoya out performs many hardwoods. http://www.infolink.com.au/c/Mathews-Timber/Modified-wood-outperforms-Class-1-timbers-in-AFRC-tests-n2507069
Drilling commenced Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, today announces that drilling operations have commenced on the Tembo-1 well in the Rovuma Onshore Concession in northern Mozambique. Wentworth has an 11.59 percent net interest in this well which is being operated by Anadarko and drilled with the Helmerich & Payne rig #243. The Tembo-1 well is targeting mid-Cretaceous sands with secondary targets in the upper Jurassic. Tembo-1 has a planned total depth of 4,250 meters True Vertical Depth Sub Sea and is expected to take between 60 and 90 days to complete. An update on drilling operations will be provided after drilling operations have been fully completed. To date there have been two wells drilled in the Rovuma Onshore Concession including the Mocimboa-1 well, which encountered oil and natural gas shows in the Cretaceous and is located approximately 17 kilometres to the northeast of the Tembo-1 well. Geoff Bury, Managing Director, commented: "The Tembo-1 well is designed to test Cretaceous and Jurassic sands in the onshore area of the Rovuma Basin in northern Mozambique, and is the first of two wells that Wentworth will be participating in over the next six months at the concession. The Tembo prospect is one of the larger prospects (on pre-drill estimates) to be drilled to date in the onshore Rovuma Basin region of East Africa. It is a high impact frontier well and, if successful, could add significant new oil or natural gas resources for Wentworth and open up an entirely new play fairway."
While oil is the main target of the first well, a gas discovery could nonetheless also be a significant and particularly economic find. Anadarko’s 26% owned offshore gas discoveries and the large liquefied natural gas (LNG) development they are tied to present a number of opportunities if the Onshore Rovuma concession yields gas. A ‘very large’ gas discovery could feasibly provide early supply into the LNG plant itself, at the same time offsetting some of the capital costs of developing the offshore fields. Alternatively smaller finds could, meanwhile, light gas-fired power generation for the project. OIL and GAS, you gotta be excited
Wentworth Resources (LON:WRL) has been one of AIM’s quieter stocks in recent years, but that could be about to change. The company and its partners, led by operator Anadarko Petroleum, are gearing up to sink two to three high impact exploration wells in the Rovuma Onshore Concession in northern Mozambique. Wentworth has an 11.6% stake in the Onshore Rovuma venture. In addition to Anadarko, the partnership includes France’s Maurel et Prom, Thailand’s national oil company PTTEP, and Mozambique’s national oil company ENH. Tembo-1 will be the first prospect drilled. Even compared to a typical exploration venture Tembo is big, estimated to contain about 1.2 billion barrels of in place oil or 2.4 trillion cubic feet (Tcf) of gas – on a P50 basis, this equates to 756mln barrels and 1.6Tcf. It has a 15% chance of success. Wentworth’s belief is that Anadarko is chasing the prospect of oil onshore based on the location of Tembo relative to the oil encountered in their offshore Ironclad well. Managing director Geoff Bury explained: “To date there have been only two oil shows in Rovuma Basin wells. One was 23 metres of oil and gas shows in Anadarko’s Ironclad well and the other was onshore and east of Ironclad in the Mocimboa well. “Tembo is located due east of Mocimboa and in geological terms the Cretaceous depth of the Tembo target is up dip, less deeply buried, and more likely to be oil bearing.” Given Anadarko’s successful campaign offshore, which has discovered 35Tcf to 65+Tcf of recoverable gas, and its position as one of the cornerstone operators in the region, this assertion is one of the reasons why the onshore programme is being talked about as one of the year’s most exciting projects involving a junior.
Great update Outlook · In June 2014 drilling operations for the first exploration well, Tembo-1, of a two well program in Mozambique are expected to start. The second well, Kifaru-1, will be drilled immediately following completion of Tembo-1. · The construction of the Mtwara to Dar es Salaam pipeline is progressing well and the Company expects to begin selling natural gas into the pipeline in Q1 2015. The Company and the Mnazi Bay Concession partners continue to work towards the signing of the GSA with the Tanzanian government. · Acquisition of 2D onshore seismic data over the prospective areas of the Mnazi Bay Concession Tanzania is expected to be completed during Q2. Processing and interpretation of this new seismic data during 2014 is expected to support future appraisal/development and exploration drilling which is anticipated to commence in Q4 2014 or Q1 2015. Geoff Bury, Managing Director, commented: "The drilling of two high impact exploration wells in Mozambique will commence in the very near future. These wells have the potential to significantly impact the Company's valuation.
http://pipelinesinternational.com/news/cnpc_completes_subsea_section_of_tanzania_pipeline/086981/
50Nok? So about a fiver then? Could be a while but as a long term investment certainly possible. Infrastructure in place, already producing, new drilling season about to kick off, funded and partnered. They have a lot of boxes ticked. A little light reading for peeps http://www.proactiveinvestors.co.uk/companies/news/66213/wentworth-resources-results-make-reassuring-reading-investec-says-66213.html http://www.dailynews.co.tz/index.php/biz/29667-gas-production-may-start-in-2020 http://allafrica.com/stories/201404020091.html
Hey mon, how bist? I seem to bump into your followings quite a lot, where next my friend lead the way? lol. But as i do bump into you I feel we must be on a similar path? wondered if you could do a piece on wentworth (WRL) for me? I quite rate it but want to be pulled so i know im not just tripping. The 12s to 18s on here flew like a bird, where can you see axs getting to? ORE, I think will need more funding to fulfill but there will be gold eventually. ORE simulate a low end explorer like Tembo who Stratex have just shared into. Think stratex has legs this year. If you could highlight the ups and downs of wentworth though would be much obliged. Take care Fella, catch up soon
Hi all, hope well, I wonder if any techies or more advanced traders would like to give their airing of this share. Ive been intrigued by Wentworth for a while and dipped in recently at 45 after watching and waiting for the past couple of years. Really think this could be a blinder over the next 12 months. Interested in others views. Take care
11% stake in a potential 1.2billion barrel hole. Tembo led by Anadarko could be one of the biggest finds in recent history. http://www.proactiveinvestors.co.uk/companies/news/65087/wentworth-resources-mozambique-drilling-to-kick-off-catalyst-packed-period-65087.html
Great to see Henderson increasing their stake, shows a bit of faith. With eco building being the buzz as it is with sustainability at the heart then the products of accyss will and have already shown to make a huge impact on Ideas and designs, looking forward to a great year and more from axs