Sorry, you need to enable JavaScript to visit this website.

Wentworth Resources

WRL

Poll result

Hvordan tror du WRL-aksjen vil gjøre det i 2017?

Chat comment

#Wrl. $ 350 mill Prenco deal. The $350 million deal includes the sale of stakes and the transfer of operatorship in various mature assets in Gabon to Perenco, which is already active in the country, including the sale of the Rabi-Coucal-Cap Lopez pipeline network.

Total said this deal has come about in an environment where "reducing the breakeven of our operations is a top priority" due to oil price volatility.

"This agreement demonstrates our ability to capture value through the disposal of mature assets while benefiting from the synergies generated by the transfer of operatorship," said Arnaud Breuillac, president of Total Exploration & Production.

Total is currently the operator of the Capo Lopez terminal, from which the key export grades of Rabi Light and Mandji are exported.

Total Gabon's equity share of operated and non-operated oil production averaged 47,400 b/d in 2016, from 47,300 b/d the previous year.

The company's revenues amounted to $745 million in 2016, down 11% from $842 million in 2015, mainly due to the lower average selling price for Total Gabon's crude oil grades, partially offset by the 6% increase in volumes sold over the period due to the lifting schedule.

OIL PRODUCTION STAGNATING

Shell also indicated recently that it is in ongoing talks related to the divestment of the company's assets there, which could affect oil output in the country.

Shell's production in Gabon is around 55,000 b/d of oil equivalent. It also operates the Gamba terminal from which a further 20,000 boe/d from other producers is exported.

Production reached a peak of 365,000 b/d in 1996 but has since steadily declined, mainly due to maturing fields and also because of a lack of any significant oil projects over the past decade.

Gabonese crude attracts a fairly broad and eclectic customer base, including refiners in Trinidad & Tobago, France, Malaysia and Australia.

Gabon rejoined OPEC in July after a gap of more than 20 years, and its current production is around 200,000 b/d, according to S&P Global Platts estimates.

Under the current OPEC output agreement, Gabon is expected to cut production by 9,000 b/d to 193,000 b/d during the first six months of this year.

Gabon, like its West African neighbors, has been hit hard by falling crude prices, with oil accounting for about half of government revenues and 80% of national exports.

Last year, Gabon postponed its 11th offshore oil licensing round due to reduced interest as oil companies have shelved and delayed billions of dollars in upstream spending since the oil price slump.

The high cost of deepwater developments in the current environment has put a dampener on such projects, especially in the West African region.

Comments

Chat comment

#WRL. * Total to sell around 13,000 b/d of output to Perenco
* Shell also in talks to sell its onshore assets
* Gabon production averaging around 200,000 b/d

Gabon's oil sector is likely to see more deals taking place this year after oil major Total agreed to sell its stake in some oil fields and infrastructure to Perenco, while Shell is currently looking to dispose of its onshore assets in the country.

Total and Shell dominate the central African country's oil sector and this is expected to have a major impact on the country as it seeks to repeal the decline of its oil production.

Total has agreed to sell interests in its mature oil fields in Gabon to Anglo-French company Perenco, which translates to a divestment of 13,000 b/d of oil output, the oil major said Monday.

Comments

Chat comment

Hva kan impact'en bli for #WRL på dette? "The National Petroleum Institute (NPI) has announced that the government of Mozambique, which has vast offshore gas resources, has awarded gas development projects in the Rovuma gas basin to Norway's Yara International, Shell Mozambique and GL Energy Africa.

The three companies have been awarded a total of up to 462 million cubic feet of natural gas a day. They are the successful bidders from a tender launched in August 2016, which attracted 14 companies: Mitsui, Engro Fertilizer, Shell Mozambique BV, Electricidade de Moçambique (EDM), Yara International, Marubeni, GL Africa Energy, Muinvest, Auto-Gas, Epsilon, Jiangsu Sinochem Construction, Union-JNC-JSPDI-VBC-SAL Consortium, Gas Nosu, and MOTSE.

Yara International, will produce fertilizers and between 30 to 50 MW of electricity, Shell Mozambique will produce diesel and between 50 to 80 MW of electricity and GL Africa Energy will produce 250 MW of electricity from natural gas.

These projects will process part of the natural gas that will be extracted from existing large deposits in at least two blocks – Area 1 and Area 4 – in the Rovuma basin in northern Mozambique on the border with Tanzania. Rovuma Basin has the largest known gas reserves in the country holding an estimated 180 trillion cubic feet of gas.

The operators in the two areas are the US company Anadarko (Area 1) and the Italian company ENI (Area 4)." http://www.ippjournal.com/news/mozambique-awards-three-gas-to-power-proj...

Comments

P***** J********

Det er veldig positivt for næringslivet hvis de etterhvert får adgang til energi. Hva gjelder wrl så er jo de i produksjon allerede med fast pris. Så lenge infrastruktur er på etterslep så er det de private selskapene som kjappest kommer til å forsnye seg av gass.

J****** S****

Det mest positive nå er meldingene fra Mozambique om 'full speed ahead':
14.02 - 'The minister and ENH boss in overdrive for LNG quest' og
'The company’s vice president in charge of LNG, Mitch Ingram, has been instructed to proceed as quickly as possible in developing the first two LNG trains at Afungi supplied by the Golfinho/Atum fields.' - https://www.africaintelligence.com/AEM/oil/2017/02/14/anadarko-sees-paon...

R*** T********

Dette må da ligge veldig langt frem i tid. Har nok en positiv innvirkning med tanke på utvikling av infrastruktur, kompetanse og politisk stabilitet.

J****** S****

Skal gass fra Tembo kunne levere energi til byggingen av LNG fasilitetene, må de starte opp relativt snart.

R*** T********

Det eneste man vet om Tembo har 11 meter vertikal net pay. Nå vet vi jo ikke hvordan det står til i de andre dimensjonene, men dengang var det ikke et kommersielt funn. Har noe endret seg som jeg ikke har fått med meg?

More
Show all comments
H***** K*******

Om dataen stemmer og de er så sel sikre, er det rart de ikke har fått med seg en partner? Lov å håpe på nyheter under q4?

Dangote

Må bare spørre...

 

...hva mener Dangote i sin Novemberrapport med at de "venter på Coal-fired power plant er ferdig"

Tanzania

• Govt has ambitious plans for medium-term growth but climate is subdued at present following VAT increases • Infrastructure and housing drive cement demand

• Price competition and new DCP capacity has driven prices down to about $80

• Solid start to operations at Mtwara, quickly becoming a leading supplier across Tanzania

• Reliance on diesel gensets will subdue margins until coal-fired power plant is completed

 

http://www.dangotecement.com/wp-content/uploads/reports/2016/Q3/Dangote%...

Comments

R*** T********

Slik jeg forstår det skal de bruke lokalt kull og gass. Det kan være til ulike formål, der gassturbiner ikke kommer før senere.

P** L******

Den nye avtalen med Dangote ble signert i desember, så dette var ett pressmiddel for å få gassavtalen

l*** m*******

..ah det forklarer saken. Takker.

Show all comments
l*** m*******

..ah det forklarer saken. Takker.

Chat comment

Har sett på produksjonstallene fra Maurel et Prom for Manzi Bay, tilgjengelig på fransk her: http://www.maureletprom.fr/en/relations-investisseurs/communiques-de-presse Snittproduksjon for Manzi Bay for hele 2016 ble 43 mmscf/d hvorav M&Ps andel var 20,7. For 4. kvartal var M&Ps andel 18,9, så hvis jeg regner rett var produksjon i 4. kvartal 39,3 mmscf/d. #WRL

Comments

R*** T********

WRLs årsomsetning bør ligge rett rundt 12 mUSD, eller relativt nøyaktig 100 millioner kroner. Long term receivables og deffered tax overstiger gjelden, så aksjen er priset på fem ganger en årsomsetning som egentlig skulle vært det dobbelte . Man kan mene hva man vil om resurspotensialet på feltene deres, det eneste vi virkelig vet er at en av aktørene i verdikjeden, TANESCO, er blakk, utroverdig og veldig korrupt. Det er TANESCO som er den store risikofaktoren og inntil situasjonen der har bedret seg og stabil, skal det en del til før WRL kan 'rettprises'.

A***** B*****

Samtidig vet vi at WRL får betalt for all gassen de leverer. Når Dangote forhåpentligvis snart benytter seg av gass fra Mnazi Bay vil leveransene snart kunne være det dobbelte av i dag. I løpet av 2018 har Dangote planlagt å doble sin kapasitet (og gassbehov) i Tanzania. All leveranse til Dangote skjer uavhengig av Tanesco.

P***** J********

Og Solo/Aminex tjener og rettprises i det samme markedet Reid?

J**** K********

Det var vel veldig bastant ? Det er klart situasjonen til TANESCO er en hemsko for "prosjektet" WRL. Det skal jeg si meg langt på vei enig i. De har vel så langt jeg fått med meg, sparket deler av toppledelsen. (nettopp pga det du nevner). Så gjenstår det selvfølgelig å se om det endrer på ting. Tanzania har vel også søkt om div lån fra verdensbanken etc. Så kapital situasjonen til TANESCO kan bedre seg, men er som du sier pr nå ustabil. Men det finnes da en rekke andre triggere som kan reprise WRL? Bekreftelse på at Dangote har startet, Symbion, info rundt kassakred og forkjøpsrett. Det er aktører som kjøper seg opp i områdene, noe som ikke kan utelukke ett evt bud på selskapet. Så helt svart er det ikke, selv om TANESCO ikke akkurat fremstår som den beste samarbeidspartneren pr dags dato

R*** T********

Som dere ser står det "skal en del til...". Leveranser til Dangote som er nevnt er en av disse. Mnazi takeover-avklaring, farmin i Moz likeså. Det er TPDC som betaler WRL, så dette er forholdsvis trygt. Men både økonomi og det store forbruket handler om TANESCO. Det er dette som gjør etterspørselen dårlig, ikke selskapets ledelse eller mangel på nyheter eller.. ja, sett inn stort sett alle andre bekymringer folk har :) Aminex kan jeg ikke svare for, men de har i alle fall planer om å finne mange TCF, det står i presentasjonene deres. Noen tenker vel at de skal gjøre akkurat det. Så får fremtiden vise om det blir QEC eller TSU ut av den saken :)

More
Show all comments
A***** B*****

Utfordringen til Aminex er vel at den virkelig store mengde TCF de viser til ligger offshore. Det koster både mye å lete å drive offshore, p.t. har ikke Aminex kapital til dette.

Chat comment

#WRL. Pertamina.com. "Home hacked" sies det. Er det etternølere Maurel et Prom som vil ta selskapet tilbake!?

Comments

Chat comment

#WRL. Subsequent offer. For information purposes, it is specified that the Offer being successful (PIEP holding a fraction of the
share capital or of the voting rights of Maurel & Prom exceeding 50%), the Offer has reopened on
27 January 2017 until 9 February 2017 (included).
Accordingly, Maurel & Prom reminds its holders of ORNANE 2019 and ORNANE 2021 that they are entitled
to request the early redemption in cash of all or part of their ORNANE 2019 and ORNANE 2021 under the
conditions set out below:
- the early redemption period of ORNANE 2019 and ORNANE 2021 will be opened from 6 February
2017 (included) until 3 March 2017 (included). The requests for early redemption of ORNANE
2019 and ORNANE 2021 and the corresponding ORNANE 2019 and ORNANE 2021 shall be
received by the Centralising Agent2 during the early redemption period mentioned above;
- the date of early redemption of ORNANE 2019 and ORNANE 2021 is set on 10 March 2017;
- the early redemption amount per ORNANE 2019 is 17.31225 euros (i.e. nominal value of 17.26
euros plus accrued interest of 0.05225 euro)3
;
- the early redemption amount per ORNANE 2021 is 11.07645 euros (i.e. nominal value of 11,02
euros plus accrued interest of 0.05645 euro)4
;

1 As defined, as the case may be, in article 15.7(3) of the Issuance Contract ORNANE 2019 and in article 4.17.7 (3) of the

Comments

P***** J********

Betyr?

R***** S**

Ornane = Obligation remboursable en numerairie et en actions nouvelles et existantes = Obligation convertible

Show all comments
R***** S**

Ornane = Obligation remboursable en numerairie et en actions nouvelles et existantes = Obligation convertible

Subscribe to our newsletter