• 4Q21 gross production was 91.5 mmcf/d, above our expectations of 85 mmcf/d.
• The FY22 gross production guidance has been set at 75-85 mmcf/d (we carry 80 mmcf/d) with contracted gas prices of US$3.44/mmbtu and net capex of US$2.3 mm. The FY22 production guidance represents an increase of 5 mmcf/d compared to the most recent FY21 guidance.
• During December, the company bought back US$2 mm of its shares (out of a programme of up to £2 mm announced in December).
• Net cash at YE21 was US$22.8 ....
26 Jan 2022
Wentworth Resources plc (AIM: WEN): Strong production and balance sheet. US$2 mm share buy back in December
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Wentworth Resources plc (AIM: WEN): Strong production and balance sheet. US$2 mm share buy back in December
- Published:
26 Jan 2022 -
Author:
Stephane Foucaud -
Pages:
5
• 4Q21 gross production was 91.5 mmcf/d, above our expectations of 85 mmcf/d.
• The FY22 gross production guidance has been set at 75-85 mmcf/d (we carry 80 mmcf/d) with contracted gas prices of US$3.44/mmbtu and net capex of US$2.3 mm. The FY22 production guidance represents an increase of 5 mmcf/d compared to the most recent FY21 guidance.
• During December, the company bought back US$2 mm of its shares (out of a programme of up to £2 mm announced in December).
• Net cash at YE21 was US$22.8 ....