{"id":4412,"date":"2016-02-29T09:18:38","date_gmt":"2016-02-29T09:18:38","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=4412"},"modified":"2017-01-25T12:42:42","modified_gmt":"2017-01-25T12:42:42","slug":"tanzanias-mnazi-bay-reserves-up-20-in-new-evaluation","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/tanzanias-mnazi-bay-reserves-up-20-in-new-evaluation\/","title":{"rendered":"Tanzania\u2019s Mnazi Bay Reserves Up 20% in New Evaluation"},"content":{"rendered":"

A new independent RPS Energy Canada Ltd. Calgary, Canada on behalf of Maurel et Prom (Operator) and Wentworth Resources has increased the (2P) reserves increased by 20%.<\/p>\n

According to JV partner Wentworth Resources the results follow favourable data from the MB-4 well drilled during 2015 and which was drilled to a total depth of 2,788 meters penetrating the Miocene gas reservoirs with net pay of 24 meters (Upper Mnazi Bay) and 43 meters (Lower Mnazi Bay) for a total net pay of 67 meters.<\/p>\n

Wentworth says the Reserves Report, further demonstrates the quality of the Company’s assets in Tanzania with the existing reserves providing a solid foundation to grow production from the Mnazi Bay concession.<\/p>\n

\"mnazi<\/a><\/p>\n

 <\/p>\n

\"mnazi<\/a><\/p>\n

“We are delighted that our updated CPR with the enhanced attributable reserves has so conclusively underpinned the core value of Wentworth. \u00a0Production from Mnazi Bay continues to ramp up and we are greatly encouraged by the performance of our existing wells to date. Furthermore, in the current challenging climate within the oil and gas sector, we believe our core strategic focus on commercialising our gas in Tanzania is given further endorsement by the results of this report,\u201d says Wentworth Resources Managing Director Geoff Bury.<\/p>\n

Partners in the Mnazi Bay Concession are:<\/p>\n

Maurel et Prom:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 60.075% (Operator) through exploration; 48.06% production
Wentworth:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a039.925% through exploration; 31.94% production
TPDC:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a020% production<\/p>\n","protected":false},"excerpt":{"rendered":"

A new independent RPS Energy Canada Ltd. Calgary, Canada on behalf of Maurel et Prom (Operator) and Wentworth Resources has increased the (2P) reserves increased by 20%. According to JV … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":4252,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[1534,4121,1609,3348,2466,2472,2543,2719],"class_list":["post-4412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-maurel-et-prom","tag-mb-4-well","tag-mnazi-bay-concession","tag-rps-energy-canada-ltd","tag-tanzania","tag-tanzania-petroleum-development-corporation","tag-tpdc","tag-wentworth-resources","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2016\/01\/Mnazi-Bay-Concession.png?fit=448%2C554&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-19a","jetpack-related-posts":[{"id":3101,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-estimates-3-5m-tanzania-monthly-gas-sales\/","url_meta":{"origin":4412,"position":0},"title":"Wentworth Resources Estimates $3.5m in Tanzania Monthly Gas Sales","author":"","date":"June 23, 2015","format":false,"excerpt":"Wentworth Resources says it estimates that monthly gas sales in Tanzania into new government owned pipeline Q3 2015 could reach an estimated $3.5m monthly. Initially Mnazi Bay will be the only supplier of gas in Tanzania into new pipeline from 5 wells which will be producing in the field by\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/mnazi-bay-gas.jpg?fit=750%2C665&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3091,"url":"https:\/\/www.oilnewskenya.com\/index.php\/maurel-et-prom-reports-promising-results-mb-4-development-well-tanzania\/","url_meta":{"origin":4412,"position":1},"title":"Maurel et Prom reports Promising results of the MB-4 development well in Tanzania","author":"","date":"June 18, 2015","format":false,"excerpt":"Manzi Bay operator Maurel et Prom has announced that the MB-4 development well, drilled 800 m from the MB-2 and MB-3 wells at the Mnazi Bay gas field, has crossed Miocene gas reservoirs with net pay of 24 metres (Upper Mnazi Bay) and 43 metres (Lower Mnazi Bay) respectively, both\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/06\/MB-4-well-Tanzania-photo.png?fit=435%2C329&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2691,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworths-tanzania-mnazi-bay-reserves-valued-153-million\/","url_meta":{"origin":4412,"position":2},"title":"Wentworth\u2019s Tanzania Mnazi Bay Reserves valued at $153 million","author":"","date":"March 12, 2015","format":false,"excerpt":"Wentworth Resources has announced the results of an independent evaluation of its gas reserves within the Mnazi Bay Concession in Tanzania, carried out by RPS Energy Canada Ltd have put the value at $152.9 million after tax. This is the first independent reserves attributed to the Company's Mnazi Bay gas\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/mnazi-bay.png?fit=315%2C417&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1656,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-on-tanzanias-mnazi-bay-concession-set-to-be-complete-in-q3\/","url_meta":{"origin":4412,"position":3},"title":"2D seismic on Tanzania\u2019s Mnazi Bay Concession set to be complete in Q3","author":"Samuel Kamau Mbote","date":"August 21, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] The acquisition of 315km of conventional 2D onshore seismic data over the prospective areas of the Mnazi Bay Concession Tanzania is on program and is expected to be completed in Q3 according to Wentworth resources in its latest financial statements. 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