Wentworth Resources

Mozambique Oil & Gas: Wentworth Resources to relinquish Tembo Block, exit Mozambique

Posted on by Mozambique Resources Post
Mozambique Oil & Gas: Wentworth Resources to relinquish Tembo Block, exit Mozambique

Wentworth Resources has announced that further to its announcement dated 3 October 2018, it intends to relinquish the Tembo block with a planned effective date of 30 April 2019 ahead of the end of the current appraisal term on 15 June 2019. The Company will also exit Mozambique, closing its Maputo office and shutting down activities in the Muxara and Palma camps concurrently, in order to focus on its core Mnazi Bay asset in Tanzania and its M&A led growth…

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Mozambique Oil & Gas: Northern extremists violence prevents Wentworth Resources appraisal activities

Posted on by Mozambique Resources Post

Violence in the northern Mozambican province of Cabo Delgado has caused oil and gas company Wentworth Resources to suspend its appraisal activity on an onshore block, and to get an extension to its appraisal licence which was due to expire this month, Zitamar reports

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Africa Oil & Gas: Wentworth Resources announces Tanzania reserves update

Posted on by Mozambique Resources Post

Wentworth Resources has announced the results of its annual independent evaluation of the gas reserves within the Mnazi Bay Concession in Tanzania, carried out by RPS Energy Canada on behalf of Maurel et Prom (Operator) and Wentworth Resources. Highlights (net to Wentworth) as at 31 December 2017: Net Proved + Probable (2P) reserves are valued at US$159.6 million after tax (NPV10) Proved (1P) reserves: 97.3 Bscf gross (16.2 MMboe); 72.7 Bscf net (12.1 MMboe) Proved + Probable (2P) reserves: 176.4 Bscf gross…

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Africa Oil & Gas: Wentworth Resources provides Mozambique and Tanzania operational update and 2018 production guidance

Posted on by Mozambique Resources Post

Wentworth Resources, the Oslo Stock Exchange and AIM listed independent, East Africa-focused oil & gas company, has provided an update to shareholders on its operations in Mozambique and neighbouringTanzania.

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Mozambique Oil & Gas: Wentworth Resources to start drilling operations by mid 2018

Posted on by Mozambique Resources Post

Wentworth Resources Limited announced during its 3Q17 results announcement that it has substantially advanced pre-drilling activities for the Tembo appraisal well in its oil and gas concession in Mozambique with a plan to commence drilling operations late in Q2 2018. 

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Africa Oil & Gas: Wentworth Resources provides update on its Mnazi Bay asset in Tanzania

Posted on by Mozambique Resources Post

Wentworth Resources reports that, further to the Operational Update in June 2017 including an update on the Company’s Mnazi Bay asset in Tanzania, it is pleased to report that further payments have been received from Tanzania Petroleum Development Corporation (‘TPDC’) and Tanzania Electric Supply Company Limited (‘TANESCO’) totalling $1.2 million net to Wentworth, bringing the total cash received for invoiced gas sales to $7.9 million in 2017.

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