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Wentworth Resources Ltd (WRLT.OL)

WRLT.OL on Oslo Stock Exchange

2.67NOK
26 May 2017
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Latest Key Developments (Source: Significant Developments)

Wentworth Resources board has authorised issue of upto maximum of 16.9 min shares in private placement
Thursday, 18 May 2017 01:00pm EDT 

May 18 (Reuters) - Wentworth Resources Ltd ::board has authorised issue of up to maximum of 16.9 million new common shares at subscription price of 25 pence per share in private placement.  Full Article

Wentworth Resources: net proceeds of private placement amount to $5.1 mln
Wednesday, 17 May 2017 03:00am EDT 

May 17 (Reuters) - WENTWORTH RESOURCES LTD :REG-WENTWORTH RESOURCES LIMITED : RESULTS OF PRIVATE PLACEMENT.NET PROCEEDS OF PRIVATE PLACEMENT ARE ESTIMATED TO AMOUNT TO APPROXIMATELY US$5.1 MILLION (GBP 3.9 MILLION, NOK 43.2 MILLION).NET PROCEEDS OF PRIVATE PLACEMENT WILL BE USED IN ORDER TO ADVANCE TEMBO APPRAISAL PROGRAM IN MOZAMBIQUE AS WELL AS PROVIDE GENERAL WORKING CAPITAL.  Full Article

Wentworth Resources announces private placement to raise about $5.5 mln
Tuesday, 16 May 2017 12:24pm EDT 

May 16 (Reuters) - Wentworth Resources Ltd ::announces private placement to raise approximately $5.5 million.  Full Article

Wentworth Resources announces operational update
Monday, 10 Apr 2017 02:01am EDT 

WENTWORTH RESOURCES LTD :WENTWORTH RESOURCES LTD - DEMAND FOR COMPANY'S DISCOVERED GAS RESERVES FROM MNAZI BAY, TANZANIA IS FIRMING UP WITH CURRENT GROSS VOLUMES BEING MAINTAINED WITHIN PREVIOUSLY GUIDED RANGE OF 40 - 50 MMSCF/D.  Full Article

Wentworth Resources Q3 net loss widens to $3.6 million
Tuesday, 15 Nov 2016 02:00am EST 

Wentworth Resources Ltd : Q3 total revenue $2.4 million versus $972,000 year ago .Q3 net loss $3.6 million versus loss $1.2 million year ago.  Full Article

Wentworth Resources Q2 total revenue rises to $3.4 million
Tuesday, 16 Aug 2016 02:00am EDT 

Wentworth Resources Ltd : Net loss for Q2 of $0.17 million, compared to a net loss of $1.81 million in q2 2015 . Q2 total revenue $3.4 million versus $292,000 year ago . Gas sales revenue of $3.43 million for Q2, compared to $0.29 million in Q2 2015 . Production levels of 70 – 80 mmscf/d are still considered achievable in 2016 if all issues are resolved .Expects demand in q3 2016 to be constrained given, among others, suspension by government of Tanzania of power purchase agreement with symbion.  Full Article

Wentworth Resources updates on Mozambique and Tanzania operations
Wednesday, 22 Jun 2016 02:00am EDT 

Wentworth Resources Ltd : Government approval by Ministerio Dos Reuros Minerais e Energia (Minister Of Minerals & Energy) for an appraisal plan has now been received . Becomes operator of Rovuma Onshore Concession and increases its participation interest in concession from 11.59 percent to 85 percent . Implementation of a work program will commence in 2016 with reprocessing of about 1,000 kilometers of existing seismic data .Commencing second half 2017, company plans to acquire a minimum of 500 kilometers of new onshore 2D seismic data.  Full Article

Wentworth Resources Q1 net loss narrows to $0.9 million
Thursday, 12 May 2016 02:42am EDT 

Wentworth Resources Ltd : Q1 revenue $3.2 million versus $0.3 million year ago .Q1 net loss $0.9 million versus loss $2.7 million year ago.  Full Article

Wentworth Resources first gas delivery from Mnazi Bay
Thursday, 20 Aug 2015 11:21pm EDT 

Wentworth Resources Ltd:Says that first gas delivery from Mnazi Bay to the new transnational pipeline in Tanzania commenced on Aug. 20.Production rates are expected to reach 70 mmscf/d by Oct. 2015 and 80 mmscf/d by the end of 2015.Agreement has been reached on payment security terms between the gas purchaser, Tanzania Petroleum Development Corporation (TPDC), and the Mnazi Bay joint venture partners (Partners).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 Sept. 12, 2014, the sale price has been set at $3.00 per million BTU, or around $3.07 per thousand cubic feet, rising in line with the US CPI industrial index.Expects to exit 2015 in a strong financial position.  Full Article

Wentworth Resources successfully raises $7.64 million
Friday, 26 Jun 2015 09:15am EDT 

Wentworth Resources Ltd:Private placement of 15.4 million new shares, representing 9.9 pct of existing issued share capital, to raise $7.64 million.Placing price represents a premium of 8.8 pct to 3-month volume weighted average share price.Says new funds provide the company with sufficient working capital beyond its projected receipt of first cashflow for gas sales from its Mnazi Bay concession.Expects to start receiving cash flow from gas sales to new pipeline in Q4 2015.  Full Article

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BRIEF-Wentworth Resources board has authorised issue of upto maximum of 16.9 min shares in private placement

* board has authorised issue of up to maximum of 16.9 million new common shares at subscription price of 25 pence per share in private placement Source text for Eikon: Further company coverage: