appraisal programme<\/a>.<\/p>\n“We are very pleased with the successful outcome of this raise which was oversubscribed and provides the Company with working capital flexibility ahead of the potential step up of gas demand in Tanzania, whilst supporting the Company’s ongoing Tembo appraisal programme in Mozambique,\u201d said McBean.<\/p>\n
The company says it is currently identifying an industry partner to join in the drilling of an appraisal well in 2018 with the extensive technical review and evaluation of the Tembo gas discovery now complete.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":2940,"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":[1636,2078,2466,2503,2719],"class_list":["post-5972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-mozambique","tag-private-placement","tag-tanzania","tag-tembo-1","tag-wentworth-resources","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/05\/Wentworth-Resources.png?fit=375%2C286&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1yk","jetpack-related-posts":[{"id":5052,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-posts-loss-for-h1-2016-despite-gas-sales-increase\/","url_meta":{"origin":5972,"position":0},"title":"Wentworth Resources Posts Loss for H1 2016 Despite Gas Sales Increase","author":"","date":"August 16, 2016","format":false,"excerpt":"East Africa-focused oil & gas company Wentworth Resources which operates in Tanzania and Mozambique has posted another $0.17 million net loss in Q2 bringing the total loss to $1.08 \u00a0million for the six month period ending June 30th 2016. During this quarter gas sales revenue rose to $3.43 million as\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\/05\/Wentworth-Resources.png?fit=375%2C286&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":6057,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-estimates-mozambiques-tembo-field-to-hold-1-7tcf\/","url_meta":{"origin":5972,"position":1},"title":"Wentworth Resources Estimates Mozambique\u2019s Tembo Field to Hold 1.7TCF","author":"","date":"June 13, 2017","format":false,"excerpt":"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\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\/tembo-1.png?fit=460%2C327&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7301,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-relinquish-tembo-block-focus-mnazi-bay-asset\/","url_meta":{"origin":5972,"position":2},"title":"Wentworth Resources to relinquish Tembo Block To Focus on Mnazi Bay Asset","author":"","date":"December 17, 2018","format":false,"excerpt":"Wentworth Resources\u00a0has that it intends to\u00a0relinquish the Tembo block\u00a0with a planned effective date of 30 April 2019 ahead of the end of the current appraisal term on 15 June 2019 possibly after lacking a farm-in partner \u00a0to participate in the appraisal programme..\u00a0The Company will also exit Mozambique, closing its Maputo\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\/2018\/12\/Tembo-Block-Mozambique.jpg?fit=399%2C542&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":7045,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-granted-licence-extension-onshore-rovuma-asset-mozambique\/","url_meta":{"origin":5972,"position":3},"title":"Wentworth Resources Granted Licence Extension For The Onshore Rovuma Asset In Mozambique","author":"","date":"June 7, 2018","format":false,"excerpt":"Wentworth Resources has announced that regarding the Company's formal request of a\u00a0one-year extension of the Onshore Rovuma asset in Mozambique Appraisal License, the\u00a0Instituto Nacional de Petroleo ('INP') has granted the extension. The extension will take effect from 16 June 2018 and enables Wentworth, along with its partner\u00a0Empresa Nacional de Hidrocarbonetos\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\/2018\/06\/Wentworth-Resources-Rovuma.jpg?fit=560%2C761&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Wentworth-Resources-Rovuma.jpg?fit=560%2C761&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2018\/06\/Wentworth-Resources-Rovuma.jpg?fit=560%2C761&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4781,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-gives-greenlight-for-tembo-1-gas-discovery-appraisal\/","url_meta":{"origin":5972,"position":4},"title":"Mozambique Gives Greenlight For Tembo-1 Gas Discovery Appraisal","author":"","date":"June 22, 2016","format":false,"excerpt":"Wentworth Resources has reported that the Ministerio dos Reuros Minerais e Energia (Minister of Minerals & Energy) in Mozambique has granted an Appraisal Plan for the Tembo-1 gas discovery in the Onshore Rovuma Concession exploration license. Under the two-year appraisal period, Wentworth becomes the Operator of the Rovuma Onshore Concession\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\/tembo-1.png?fit=460%2C327&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1650,"url":"https:\/\/www.oilnewskenya.com\/index.php\/start-up-and-equipment-challenges-delay-completion-of-tembo-1-well-in-mozambique\/","url_meta":{"origin":5972,"position":5},"title":"Start-up and Equipment challenges delay completion of Tembo-1 well in Mozambique","author":"Samuel Kamau Mbote","date":"August 20, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Wentworth resources has reported a 45 day delay in its drilling operations on the Tembo-1 exploration well in the Rovuma Onshore Concession encountered start-up and equipment challenges. The company says the well which is situated in the Rovuma Onshore Concession in Northern Mozambique commenced operations on June 19,\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\/tembo-1.png?fit=460%2C327&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=5972"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5972\/revisions"}],"predecessor-version":[{"id":5977,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/5972\/revisions\/5977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/2940"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=5972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=5972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=5972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}