Worzel. The share looks well positioned to see some of the commodities action that we are seeing elsewhere. I topped up with a few more today (3rd purchase) tbh the runs had bothered me but the more I think about it I’m sure that it is probably a positive sign for all.
Bought at below 50p a share today, been watching the sp for a longtime and know the company well. This seems way to cheap for a quality run company.
Thank you Josik. There few who will share their research efforts so freely, I really do appreciate you posting, may even average in for a few more as the email particularly confirms my feelings. There is so much potential for good news with this stock, with cash coming in the current share price seems a reflection of our prospects.
http://www.stocktube.com/video/finncap-oil-analyst-youngson-sees-higher-crude-prices-next-year
WENTWORTH RESOURCES LIMITED ("Wentworth" or the "Company") Operations Update - First Gas Delivery Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce an update on operations within the Mnazi Bay Concession, Southern Tanzania ("Mnazi Bay"). Highlights First gas delivery to the new transnational pipeline commenced on 20 August 2015 Production rates are expected to reach 70 mmscf/d by October 2015 and 80 mmscf/d by the end of 2015 Agreement reached on payment security terms between the gas purchaser, Tanzania Petroleum Development Corporation ("TPDC"), and the Mnazi Bay joint venture partners ("Partners") Gas deliveries have now commenced to the new transnational pipeline in Tanzania. Two wells are now producing and the remaining three wells will be put on production in the coming months. Initial production volumes will be used for commissioning purposes and to fill the pipeline. Production rates are expected to increase to 70 mmscf/d by October 2015 and reach 80 mmscf/d by the end of 2015. Gas deliveries by TPDC for use by power and industrial companies are expected to commence in October. The Partners will receive payment at the end of each calendar month for sales volumes delivered during that month. Under the Gas Sales Agreement signed on 12 September 2014, the sale price has been set at US$3.00 per million BTU, or around US$3.07 per thousand cubic feet, rising in line with the US CPI industrial index. The Partners have agreed payment security terms with TPDC, the buyer of the gas, and various other parties. The payment security provides the Partners with sufficient assurance that sales of natural gas will be settled in accordance with the agreed payment terms. Geoff Bury, Managing Director, commented: "We are very pleased to announce that production from Mnazi Bay has now commenced and the Mnazi Bay joint venture is the first supplier to the new transnational pipeline in Tanzania. Concluding the payment guarantee and starting production in our Mnazi Bay gas fields are pivotal events for Wentworth and underpin the long-term viability of our operations in East Africa and our partnership with Maurel & Prom and TPDC. "Wentworth is well positioned to become a significant gas producer in Tanzania, where supply and demand dynamics offer an opportunity which we and our Partners are uniquely placed to realize. We expect to exit 2015 in a strong financial position."