Most of the difference in cash is due to timing of payments (which occur just after the end of each month) and working capital movements. The 65 mmcf/d production at the end of March is encouraging as the Company continues to deliver on its promise to ramp up to 70-80 mmcf/d over the coming months. We continue viewing Wentworth as a value story, which are becoming rare in the sector given recent performance.
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1Q16 RESULTS
- Published:
12 May 2016 -
Author:
Stephane Foucaud -
Pages:
2
Most of the difference in cash is due to timing of payments (which occur just after the end of each month) and working capital movements. The 65 mmcf/d production at the end of March is encouraging as the Company continues to deliver on its promise to ramp up to 70-80 mmcf/d over the coming months. We continue viewing Wentworth as a value story, which are becoming rare in the sector given recent performance.