Mozambique Oil & Gas: Wentworth Resources granted licence extension for the Onshore Rovuma asset

Green light - OK - Approved

Wentworth Resources, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, has announced an update to the Company’s Onshore Rovuma asset in Mozambique.

Further to the update at the time of the 2017 Annual Financial Statements in March regarding the Company’s formal request of a one-year extension of the Appraisal License, the Company has received confirmation from Instituto Nacional de Petroleo (‘INP’) that the extension has been granted. The extension will take effect from 16 June 2018 and enables Wentworth, along with its partner Empresa Nacional de Hidrocarbonetos (‘ENH’), to continue to progress pre-drilling activities in the Tembo block.

The extension request was in part related to the above ground security situation in and around the Macimboa da Praia and Palma regions, adjacent to the Tembo block, which remain challenging. This has prevented safe access to the area for Wentworth staff and contractors.  The Company continues to monitor the situation closely.

Photo - see caption

Bob McBean, Executive Chairman, said:

‘We would like to thank the Minister, INP and our partner ENH for their support in securing this extension to the Tembo licence, which gives us the time and flexibility to progress our operational activities on the block. We remain focused on securing an additional partner to share risk in unlocking the onshore potential of the Rovuma basin‘.

For details of the Onshore Rovuma (Tembo) farm-in opportunity, see energy-pedia opportunitiesour subscriber service.Source: Wentworth Resources

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.