Wentworth Resources Archives

Oil price, Rockhopper, DGO, SDX, Wentworth

Oil prices vacillated ahead of the Opec+ meeting tomorrow but the EIA STEO yesterday showed yet again lower demand numbers and the US going back to being a net importer this year. Rockhopper showed a good set of figures with further strong cost cutting and the Navitas deal validating Sea Lion. DGO have made an acquisition just as expected in these markets, accretive returns will 'validate' the dividend. SDX have a discovery in Egypt and Wentworth has comforted the market with regard to its 2019 results.

Malcy2020-04-08T11:05:10+01:008 April 2020|Categories: Daily Blog|Tags: Diversified Gas & Oil, Rockhopper Exploration, SDX Energy, Wentworth Resources|0 Comments

Oil price, BP, Sound, Echo, Eco, Wentworth

Oil has been very much unchanged over the quarter end and contract rollover and is so today, a lot of talk about who has spoken to MbS... BP have announced 25% capex cuts, in line with others whilst Sound Energy are still discussing their GSA in Morocco. Echo Energy has been restructuring its debt with a number of successes already agreed and Eco Atlantic has pared back costs and remains very well placed when drilling recommences. Finally, I spoke to Wentworth Resources this week and I am convinced that with their very strong model and solid finances they are as good as any in the sector.

Malcy2020-04-01T13:07:44+01:001 April 2020|Categories: Daily Blog|Tags: BP, Echo Energy, Eco Atlantic Oil & Gas, Sound Energy, Wentworth Resources|1 Comment

Oil price, RockRose, Trinity, PetroTal, Wentworth Resources, DGO – And finally…

The oil price has fallen further and faster than virtually ever before, today it recovered, stand by for stormy weather. Stock-wise i'm talking about RockRose, Trinity , PetroTal, Wentworth and DGO from yesterday, with apologies.

Malcy2020-03-10T18:29:19+00:0010 March 2020|Categories: Daily Blog|Tags: Diversified Gas and Oil, PetroTal Corp, RockRose Energy, Trinity Exploration, Wentworth Resources|1 Comment

Wentworth, Eco, President

Swift comment on a good update from Wentworth, a good CPR from a Eco Atlantic and positive news from President.

Malcy2020-02-03T09:40:03+00:003 February 2020|Categories: Flash Blog|Tags: Eco Atlantic Oil & Gas, President Energy, Wentworth Resources|4 Comments

Hurricane, PetroTal, Wentworth

Hurricane has started DST at Warwick West, PetroTal 3Q are dead in line and Wentworth narrow the guidance but sound positive on production and the financial situation going forward.

Malcy2019-11-19T09:19:30+00:0019 November 2019|Categories: Flash Blog|Tags: Hurricane Energy, PetroTal Corp, Wentworth Resources|0 Comments

Sound, Coro, Echo, Wentworth, Eco, Longboat, Talon, + Africa Oil Week 2019 videos…

Today I talk about management changes at Sound Energy as its metamorphosis continues and also Coro Energy as it announces another successful well. Echo Energy has completed its deal and now looks forward to Tapi Aike whilst Eco Atlantic has fallen due to heavy oil, unnecessarily in my view. At Wentworth former CEO Eskil Jersing has been given the El Bow as potential acquisitions failed to materialise. There is a Longboat coming over the horizon laden with former Faroe management looking for funding to go back and do it all again. And Talon Petroleum is also queuing up to invest more in the North Sea. Finally a slate of video interviews by myself and VSA CEO Andrew Monk recorded at Africa Oil Week.

Mariette2019-11-13T11:46:03+00:0013 November 2019|Categories: Daily Blog, Interviews|Tags: Comarco Group (Agulhas), Coro Energy, Echo Energy, Eco Atlantic, Envoi Ltd, Longboat Energy, Moshe Capital, Redcliff Energy, Riverfort Capital, San Leon Energy, Sound Energy, Talon Petroleum, Tower Resources, VSA Capital, Watson Farley Williams, Wentworth Resources|1 Comment

Oil price, Soco, Wentworth, Providence – And finally

A down day for oil yesterday as the EU pressed the panic button and the Opec committee meeting changed nothing until December. A catch up today with a look at the SOCO interims, news from Wentworth about the GSA and the fund raise from Providence.

Malcy2019-09-13T10:35:20+01:0013 September 2019|Categories: Daily Blog|Tags: Providence Resources, Soco International, Wentworth Resources|1 Comment

Oil price, Columbus, Wentworth – And finally…

Oil prices remain at their lower level with usual tariff and growth worries. Columbus have interims but they are of little interest, all eyes are on the second half and drilling in the SW Peninsula. Yesterday Wentworth announced their maiden dividend giving them a yield of around 6.7%.

Malcy2019-09-04T12:13:20+01:004 September 2019|Categories: Daily Blog|Tags: Columbus Energy Resources, Wentworth Resources|0 Comments

Oil price, Zenith, RockRose, DGO, Wentworth, – And finally…

Oil has dipped following the Fed rate cut and comments about a 'midcycle adjustment' worried markets. A catch up day today after a number of recent announcements and I look at Zenith who have today announced a funding for their current drilling campaign. I finish my comments on RockRose with a target price of £37.50 after looking at the numbers since their return from suspension. Last week saw a trading statement and an acquisition from DGO which I look at and I also went to see the Wentworth management team.

Malcy2019-08-01T14:50:59+01:001 August 2019|Categories: Daily Blog|Tags: Diversified Gas & Oil, RockRose Energy, Wentworth Resources, Zenith Energy|0 Comments

Oil price, Wentworth Resources – And finally…

Oil was quiet yesterday but the API stats showed a draw of 8.1m barrels after the close so this morning Brent is around $65. Wentworth Resources has announced that it is planning a dividend from the FCF from Mnazi Bay which should give the stock a yield of between 5-8% which is good news for shareholders.

Malcy2019-07-10T10:10:41+01:0010 July 2019|Categories: Daily Blog|Tags: Wentworth Resources|2 Comments