Wentworth Resources

Sterling Energy Loses CEO to Wentworth Resources

Wentworth Resources has announced that Eskil Jersing has agreed to join Wentworth as Chief Executive Officer (CEO). According to Wentworth Eskil will join the Company and Board of Directors in Q2 2018 as he undertakes an orderly transition from his current position as CEO of Sterling Energy where he joined in March 2015. Eskil Jersing …

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Tembo 1 Appraisal Well Expected to spud in Q3 2018

Wentworth Resources estimates that Tembo-1 appraisal well could spud in Q3 2018 subject to securing a partner according to its latest investors update. According to the operator design and procurement activities for the drilling of an appraisal well of the Tembo-1 gas discovery, are ongoing concurrent with the farm-out process to secure an industry partner …

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Gas Delivery Begin at Kinyerezi 2 Gas Fired Power Plant in Tanzania

Gas delivery has commenced to Tanzania’s newest power facility, Kinyerezi-2 for commissioning of the first two of six gas turbines to the national grid according to Mnazi Bay jv partner Wentworth Resources in its latest update. The project which worth approximately $432 million USD in the Kinyerezi area in Dar es Salaam will generate almost …

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Wentworth Resources Relocates Office Closer to Tanzania, Mozambique assets

Wentworth has announced that it is undertaking a restructuring process to better align its corporate and management structures with its shareholders and asset base in Africa, to increase management efficiencies and reduce certain costs. As a first step in this process, the Company is relocating its head office and executive management team to London from …

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Mnazi Bay Q3 2017 Gross Production Volumes Reach 60MMscf/d

Joint Venture partner at the Mnazi Bay license has reported that Q3 2017 gross production volumes from the Mnazi Bay gas field averaged 60 MMscf/d, bringing the year-to-date average to 45 MMscf/d. The partners expect that production volumes will continue at similar levels into Q4 with October 2017 month-to-date averaging over 64 MMscf/d. “We continue …

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Tembo 2 Appraisal Well Drilling Location Identified, front end work underway

The drilling location of Tembo-1 discovery appraisal well Tembo-2 has now been identified and front end work for the well is underway. Drilling of the Tembo-2 appraisal well is anticipated in 2018 according to the Rovuma Onshore Concession operator. This follows the completion of the full analysis of Tembo-1 discovery well results, including interpretation of existing seismic …

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Wentworth Resources Estimates Mozambique’s Tembo Field to Hold 1.7TCF

Oslo Stock Exchange listed independent and East Africa-focused oil & gas company Wentworth Resources has announced that an internal assessment of the prospective resource estimate for the Tembo Structure is 1.7 Tcf (unrisked P50) with the significant oil shows in the Tembo-1 discovery well also suggest the potential for an oil case of 219 MMbbls …

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Wentworth Resources Raises $5.1 million to fund Mozambique, Tanzania Activities

Wentworth Resources has announced the successful completion of the Private Placement that raised approximately approximately US$5.1 million in net proceeds. According to the Norwegian explorer the net proceeds of the Private Placement will be used in order to advance the Tembo appraisal program in Mozambique as well as provide general working capital in Tanzania where …

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Tembo-1 Appraisal well Drilling planned for in 2018

Rovuma onshore block operator Wentworth Resources has said it plans to drill Tembo-1 appraisal well in 2018 in the latest operational update. According to Wentworth Resources the reprocessing of approx. 1,000 km of existing seismic data is complete, interpretation is being finalized and results from the Tembo-1 discovery well have been fully analyzed. The explorer is now …

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Wentworth Resources Reports Increased Gas Sales in Tanzania

Wentworth Resources in its latest update and Q4 2016 Financial Statements has reported that the Mnazi Bay field achieved average gross daily gas production during the fourth quarter of 39.4 MMscf/d up from 34.3 MMscf/d during Q3 2016 due to less downtime experienced at the gas fired power generation facilities, Ubungo-II and Kinyerezi-I power stations. Year-to-date …

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