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If the Aje partnership hadn't issued a termination notice it seems like the contract would automatically have been extended for another period. And you don't want that while you are negotiating a licence renewal.
In our newsletter today we included news that the Aje partnership has sent a notice of termination to the Front Puffin owner. https://www.xtrainvestor.com/channel/pen-ol
An upcoming wildcat to be drilled by VNG and its partners at the Blink prospect in the Norwegian Sea is likely to prove make or break for a standalone development of their Pil & Bue discoveries, according to an analyst.
What's your guess for last trade in the WRL shares in Oslo today?http://www.xtrainvestor.com/polls
We set up a poll today on our site (non-members may participate too) and asked participant to rate WRL in terms of investment opportunity. Go to http://www.xtrainvestor.com/polls
According to one of the members on xtrainvestor.com (writes under a real name) the managing director of Wentworth Resources has confirmed that they have signed their GSA today. A release will be sent Monday morning.
Aminex hired a PR/IR advisor on Wednesday. Wentworth appointed a new PR/IR manager today. They are both eagerly awaiting a signed Gas Sales Agreement. Coincidence or not?
The Ogo discovery extends into Aje - should mean that Aje is more valuable. And then LEK managed to lose control of the Aje asset?? Panoro is as we speak free to sell the asset to other companies and keep the 7 mill USD they have received from LEK.
Lekoil has to pay Panoro Energy 26 MUSD by Thursday - if not Panoro is entitled to terminate the deal and keep the 6 MUSD which Lekoil has paid so far. Sidetrack update, financing, Aje update - exciting days ahead for Lekoil investors.
If you join xtrainvestor.com - The Credible Investor Community - you can join real time chat rooms where several top 30 Bridge shareholders usually participate; the top officers are members too and have occasionally posted comments. There is also the opportunity to chat P2P (one-to-one) with other logged in users. English works just fine with Nordic members too.
Today XtraInvestor.com launched a new exciting and useful feature - the XtraInvestor stock trigger list. This list is a chronological list of all events that our members believe may turn out to be important stock price catalysts during the next 12 months. You'll find a trigger list on the individual stock as well as one for all shares. Three trigger events have so far been posted for WRL in Q3.
WRL has changed the Q4 reporting date from April 5th to tomorrow. As operator M&P has already planned to release their report after close of trading tomorrow, we are obviously seeing a syncronization. Can't think of any other reason than a joint drilling update.
Operator Maurel et Prom: In less than 10 years, the Group has designed oil systems, drilled more than 65 exploration wells with a success rate of more than 46% and discovered major fields at minimum cost. Perhaps an indication of a realistic CoS?
ABG just published a new WRL reserach report. Target NOK 23 + stating "WRL has transformed itself into a company that is set to grow by what we estimate to be NOK 34 per share in terms of value over the next 12 months."
7 of the top 30 (including 2 of top 7) shareholders are active members of xtrainvestor.com where WRL is one of the most discussed shares at the moment. Lots of useful info - incl an updated spreadsheet (see 'most bookmarked') showing the value of WRL. Feel free to join- real identity only to make sure info is credible.
I believe Cove and WRL in fact agreed to swap the licenses in September although the deal was not firm and reported until recently. Cove didn't want to have a royalty obligation going into take-over talks and WRL has always been clear that their main focus is Mnazi Bay. If the current Ziwani-1 drilling at Mnazi is a discovery I believe we will see WRL much much higher. Feel free to register at Xtrainvestor.com - several of the topp 20 shareholders in WRL are members and are posting comments.
Yes, Phil46, Wentworth is the cheapest exposure to East Africa (Rovuma) that you can get. First Energy also indicated this view in their recent share update:"We revise our price objective of £1.80 per share (NOK16.00) from £1.40 per share (NOK12.10) and maintain our Outperform recommendation for the stock". There is an incredible interesting well being drilled on Mnazi bay which may influence the valuation quite dramatically - total depth expected March 6.
"Wentworth is currently the cheapest stock to play East Africa in our universe, with investors gaining a free exposure to existing de-risked contingent resources and an exploration component with near term newsflow catalysts."