Annonce • Dec 22
Wentworth Confirms Admission to Trading of Shares on AIM Cancelled with Effect from December 22, 2023 Further to the announcement made by Wentworth Resources plc on 21 December 2023, Wentworth Resources plc confirms that the admission to trading of Wentworth Shares on AIM has been cancelled with effect from 7.00 a.m. December 22, 2023. Annonce • Dec 07
Wentworth Resources's Shares Cancellation of Admission to Trading on AIM on 22 December 2023 Wentworth Resources plc provided an update on the offer from Etablissements Maurel & Prom S.A. ("M&P"). On 5 December 2022, the boards of Wentworth and M&P announced that they had reached agreement on the terms of a recommended all cash offer by M&P for the entire issued, and to be issued, share capital of Wentworth (the "Acquisition"). Suspension of Wentworth Shares from trading on AIM 7.30 a.m. on 21 December 2023. Effective Date of the Scheme 21 December 2023. Cancellation of admission to trading of Wentworth Shares on AIM 7.00 a.m. on 22 December 2023. Annonce • Nov 17
Wentworth Resources plc, Annual General Meeting, Dec 15, 2023 Wentworth Resources plc, Annual General Meeting, Dec 15, 2023, at 10:00 Coordinated Universal Time. Location: Ashurst LLP, London Fruit & Wool Exchange, 1 Duval Square London E1 6PW London United Kingdom Annonce • Sep 26
Wentworth Resources plc Updates Production Guidance for 2023 Wentworth Resources plc provided production guidance for 2023. For the period, the company expects production guidance maintained at 90 - 100 MMscf/d for Mnazi Bay as issued in June 2023, up from previous guidance of 85 - 95 MMscf/d issued in March 2023. Annonce • Sep 13
Wentworth Resources plc to Report First Half, 2023 Results on Sep 26, 2023 Wentworth Resources plc announced that they will report first half, 2023 results on Sep 26, 2023 Annonce • Jan 25
Wentworth Resources plc, Annual General Meeting, Feb 23, 2023 Wentworth Resources plc, Annual General Meeting, Feb 23, 2023. Annonce • Dec 24
Wentworth Resources plc Provides Production Guidance for the Year 2022 Wentworth Resources plc provided production guidance for the year 2022. For the period, the company expects to achieve an average gross daily production rate of approximately 90 MMscf/day for 2022 (previous guidance 75-85MMscf/d). Annonce • Dec 07
Etablissements Maurel & Prom S.A. (ENXTPA:MAU) reached an agreement to acquire Wentworth Resources plc (AIM:WEN) from a group of sellers and other shareholders for £61.4 million. Etablissements Maurel & Prom S.A. (ENXTPA:MAU) reached an agreement to acquire Wentworth Resources plc (AIM:WEN) from a group of sellers and other shareholders for £61.4 million on December 5, 2022. The transaction will be effected by way of a Court-sanctioned scheme of arrangement. Wentworth Shareholders will be entitled to receive 32.5 pence in cash per share. The consideration payable under the acquisition will be funded out of M&P's existing cash resources. The Directors of Wentworth will depart the business on completion of the acquisition. M&P does not intend to make any changes to the conditions of employment of Wentworth employees or to the balance of skills and functions of Wentworth employees and management.
The scheme has been unanimously recommended by Wentworth Directors. The acquisition will be subject to approval by majority of Wentworth shareholders of the scheme at the Court meeting and at the General meeting, sanction of the scheme by the Court, consent from the Minister responsible for petroleum affairs in Tanzania, consent from the Minister responsible for petroleum affairs in Tanzania, applicable requirements of the Code, the Panel, the Jersey Companies Law, the London Stock Exchange and the FCA. M&P has received irrevocable undertakings to vote in favour of the scheme from Vitol Energy (Bermuda) Ltd., Robert McBean, OVMK Vermogensbeheer holding 39,546,272 Wentworth shares representing approximately 22.32% and Wentworth Directors, Katherine Roe and Iain McLaren holding 464,556 Wentworth shares, representing approximately 0.26%. It is expected that the scheme will become effective in Q2 2023.
Callum Stewart, Jason Grossman and Simon Mensley of Stifel acted as financial advisor of Wentworth. Samuel Merlin, Ernest Bell and Mario Doerflinger of Hannam & Partners acted as financial advisor of M&P. Greg Mulley of Herbert Smith Freehills LLP is acting as legal advisor to M&P and Tom Mercer of Ashurst LLP is acting as legal advisor to Wentworth as to English law in connection with the acquisition. M&P and Wentworth have respectively engaged Ogier (Jersey) LLP and Carey Olsen Jersey LLP as Jersey legal advisor. Link Group acted as registrar of Wentworth. Annonce • Dec 06
Wentworth Resources Shares May Cancel from Admission to Trading on AIM Wentworth Resources plc and Etablissements Maurel & Prom S.A. announced that they have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P. It is expected that the last day of dealings in, and for registration of transfers of, Wentworth Shares (other than the registration of the transfer of the Scheme Shares to M&P pursuant to the Scheme) will be the last Business Day prior to the Scheme Effective Date, following which all of the Wentworth Shares will be suspended from trading on AIM, and Wentworth Shares will be disabled in CREST. After the Scheme Record Time and before the Scheme becomes Effective, entitlements to Wentworth Shares in CREST will be cancelled and such entitlements rematerialised. On the Effective Date, all share certificates in respect of Wentworth will cease to be valid and should be destroyed. Applications will be made to the London Stock Exchange for the cancellation of the admission to trading of Wentworth Shares on AIM. It is expected that such cancellation of admission to trading would take effect on the Business Day after the Effective Date. Reported Earnings • Sep 02
First half 2022 earnings released: EPS: US$0.03 (vs US$0.018 in 1H 2021) First half 2022 results: EPS: US$0.03 (up from US$0.018 in 1H 2021). Revenue: US$15.4m (up 32% from 1H 2021). Net income: US$6.17m (up 84% from 1H 2021). Profit margin: 40% (up from 29% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 18% compared to a 61% growth forecast for the Oil and Gas industry in Germany. Annonce • Sep 01
Wentworth Resources plc Announces an Interim Dividend, Payable on 7 October 2022; Provides Dividend Guidance for the Year Ending December 31, 2022 Wentworth Resources plc announced an interim dividend is declared of $0.8 cents per share ($1.45 million), payable by mid-October 2022. Ex-dividend date is 8 September 2022, Record Date is 9 September 2022, Payment Date is 7 October 2022.A final dividend for the year ending 31 December 2022 will be determined by the Board with the full year results and is expected to be approximately $2.9 million, in line with the Company's stated policy of 1/3:2/3 split between the interim and final dividend. Assuming a final dividend is declared, subject to shareholder approval, this would equate to a total distribution of $4.4 million, representing a full year dividend of $2.4 cents per share, a yield of approximately 9.0% at the current share price. Annonce • Jul 02
Wentworth Resources plc to Report First Half, 2022 Results on Sep 01, 2022 Wentworth Resources plc announced that they will report first half, 2022 results on Sep 01, 2022 Upcoming Dividend • Jun 23
Upcoming dividend of UK£0.012 per share Eligible shareholders must have bought the stock before 30 June 2022. Payment date: 29 July 2022. Payout ratio is a comfortable 69% and this is well supported by cash flows. Trailing yield: 6.6%. Within top quartile of German dividend payers (4.6%). Higher than average of industry peers (1.4%). Annonce • Jun 23
Wentworth Resources plc Declares Final Dividend for the Year 31 December 2021 Wentworth Resources plc at 2022 Annual General Meeting held on June 22, 2022 declared the final dividend for the year 31 December 2021 of 1.16 pence (£0.0116) per ordinary share. Annonce • Jun 14
Wentworth Resources plc (AIM:WEN) agreed to acquire a 25% stake in Tanzanian Gas Development Project of Scirocco Energy plc from Scirocco Energy Plc (AIM:SCIR) for $16 million. Wentworth Resources plc (AIM:WEN) agreed to acquire a 25% stake in Tanzanian Gas Development Project of Scirocco Energy plc from Scirocco Energy Plc (AIM:SCIR) for $16 million on June 13, 2022. The consideration is comprised of an initial cash payment of $3 million due upon Completion, with further deferred and contingent cash payments of up to $13 million dependent on certain development and production milestones. The consideration will be funded through Wentworth's cash resources. The transaction is shareholder approval of Scirocco Energy Plc and certain regulatory approvals. The transaction is expected to be closed by June 30, 2023. Annonce • May 02
Wentworth Resources plc, Annual General Meeting, Jun 22, 2022 Wentworth Resources plc, Annual General Meeting, Jun 22, 2022, at 09:00 Coordinated Universal Time. Location: FTI Consulting, 200 Aldersgate, Aldersgate Street London Greater London United Kingdom Reported Earnings • Apr 07
Full year 2021 earnings released: EPS: US$0.03 (vs US$0.018 in FY 2020) Full year 2021 results: EPS: US$0.03 (up from US$0.018 in FY 2020). Revenue: US$23.8m (up 25% from FY 2020). Net income: US$6.07m (up 77% from FY 2020). Profit margin: 26% (up from 18% in FY 2020). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 4.3% compared to a 41% growth forecast for the oil industry in Germany. Annonce • Mar 29
Wentworth Resources plc to Report Fiscal Year 2021 Results on Apr 06, 2022 Wentworth Resources plc announced that they will report fiscal year 2021 results on Apr 06, 2022 Annonce • Jan 26
Wentworth Resources plc Provides Production Guidance for 2022 Wentworth Resources plc provided production guidance for 2022. Production guidance for 2022 has been set at 75 - 85 MMscf/d, raising the guidance band by 5 MMScf/d across the board. The contracted price for gas produced at Mnazi Bay production has increased from $3.35/MMbtu to $3.44/MMbtu in line with growth in the United States Consumer Prices Index ("CPI"); effective from 1 January 2022. Board Change • Dec 31
High number of new directors Independent Non-Executive Director Juliet Kairuki was the last director to join the board, commencing their role in 2021. Reported Earnings • Sep 05
First half 2021 earnings released: EPS US$0.018 (vs US$0.005 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$11.7m (up 40% from 1H 2020). Net income: US$3.36m (up 231% from 1H 2020). Profit margin: 29% (up from 12% in 1H 2020). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 17
Upcoming dividend of UK£0.01 per share Eligible shareholders must have bought the stock before 24 June 2021. Payment date: 23 July 2021. Trailing yield: 5.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.7%). Annonce • Jun 15
Wentworth Resources plc Provides Production Guidance for the Full Year 2021 Wentworth Resources plc provides production guidance for the full year 2021. The company expects annual average production guidance of 2021 to 70-80 MMscf/day from 65-75 MMscf/day. Reported Earnings • Apr 24
Full year 2020 earnings released: EPS US$0.02 (vs US$0.013 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$19.0m (up 1.9% from FY 2019). Net income: US$3.43m (up 45% from FY 2019). Profit margin: 18% (up from 13% in FY 2019). The increase in margin was primarily driven by lower expenses. 
