Last 3.44 NOK
Change Today +0.04 / 1.18%
Volume 208.2K
As of 10:25 AM 01/30/15 All times are local (Market data is delayed by at least 15 minutes).

wentworth resources ltd (WRL) Snapshot

Open
3.40 NOK
Previous Close
3.40 NOK
Day High
3.45 NOK
Day Low
3.35 NOK
52 Week High
09/16/14 - 5.55 NOK
52 Week Low
12/16/14 - 3.25 NOK
Market Cap
530.2M
Average Volume 10 Days
172.5K
EPS TTM
-0.07 NOK
Shares Outstanding
154.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for WENTWORTH RESOURCES LTD (WRL)

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wentworth resources ltd (WRL) Details

Wentworth Resources Limited, an independent oil and gas company, engages in the exploration, development, production, and transportation of natural gas and other hydrocarbons in Tanzania and Mozambique. It holds interest in the Mnazi Bay Concession covering an area of approximately 756 square kilometers in south-eastern Tanzania; and 11.59% participating interest in the Onshore Rovuma Block covering approximately 13,500 square kilometers in northern Mozambique. The company was formerly known as Artumas Group Inc. and changed its name to Wentworth Resources Limited in September 2010. Wentworth Resources Limited is headquartered in Dar Es Salaam, Tanzania.

wentworth resources ltd (WRL) Top Compensated Officers

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wentworth resources ltd (WRL) Key Developments

Wentworth Resources Announce Commencement of Kifaru Drilling Operations

Wentworth Resources announced that drilling operations have commenced on the Kifaru-1 exploration well in the Rovuma Onshore Concession in northern Mozambique. Wentworth has an 11.59% net interest in this well, which is being operated by Anadarko and drilled with the Helmerich & Payne rig #243. The Kifaru-1 exploration well is targeting Miocene sands, similar to the reservoirs in the Mnazi Bay and Msimbati gas fields in southern Tanzania, as well as Oligocene and Cretaceous sands. The Kifaru-1 well has a planned total depth of 4,050 meters True Vertical Depth Sub Sea and, based on the current drilling program, is expected to take approximately 70 days to complete. The company will provide an update after drilling operations have been completed.

Wentworth Resources Limited Completes Tembo-1 Exploration Well Drilling

Wentworth Resources Limited announced that drilling operations of the Tembo-1 well have now completed and a natural gas discovery has been made in Cretaceous aged sands. The well was drilled to a total depth of 4,553 meters (4,401 meters True Vertical Depth Sub Sea) and reached TD in Jurassic aged sediments. Petrophysical analysis of the Cretaceous section indicates 11 meters of natural gas net pay. Natural gas and some condensate were recovered by modular formation dynamics testing confirming the petrophysical analysis. The Onshore Rovuma Partners do not plan any further evaluation of the Tembo well at this time but will assess all the data recovered from this well to determine the potential commerciality of this discovery. The Tembo-1 well has been plugged and abandoned and the drilling rig is now being mobilized to the Kifaru-1 well location. It is expected that the Kifaru-1 well, which is approximately 10 kilometers south of Wentworth's Mnazi Bay Concession in Tanzania, will spud in first quarter of 2015. This well is targeting Miocene sands, similar to the reservoirs in the Mnazi Bay and Msimbati gas fields, as well as Eocene and Cretaceous sands. Wentworth holds a 13.64% participation interest in exploration operations and an 11.59% participation interest in development and production operations of the Rovuma Onshore Concession in Mozambique. Anadarko Petroleum Corporation is operator.

Wentworth Resources Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Wentworth Resources Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $270,000 against $240,000 a year ago. Loss from operating activities was $2,429,000 against $2,265,000 a year ago. Net loss and comprehensive loss was $1,318,000 or $0.01 per basic and diluted share against $3,422,000 or $0.04 per basic and diluted share a year ago. Cash provided by operating activities was $1,789,000 against net cash used in operating activities of $2,234,000 a year ago. Additions to evaluation and exploration assets were $7,976,000 against $628,000 a year ago. Additions to property, plant and equipment was $331,000 against $450,000 a year ago. For the nine months, the company reported total revenue of $759,000 against $691,000 a year ago. Loss from operating activities was $7,124,000 against $6,923,000 a year ago. Net loss and comprehensive loss was $3,518,000 or $0.02 per basic and diluted share against $5,368,000 or $0.06 per basic and diluted share a year ago. Cash used in operating activities was $6,109,000 against $7,723,000 a year ago. Additions to evaluation and exploration assets were $16,447,000 against $3,883,000 a year ago. Additions to property, plant and equipment was $1,107,000 against $871,000 a year ago.

 

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Price/Sales 66.9x
Price/Book 0.5x
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TEV/Sales 48.9x
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