appraisal<\/a> asset in northern Mozambique is now underway to secure an industry partner to participate in the appraisal well.<\/p>\nThe Company which has an 85% working interest in the Tembo Block says it feels confident that it will be able to secure an industry partner to participate in this appraisal programme and will continue to update the market as material developments on this asset occur.<\/p>\n
“We are very excited about being ready and in a position to advance the appraisal of the Tembo-1 discovery and feel confident that this exciting opportunity will attract an industry partner who shares our commitment to drilling an appraisal well next year,\u201d Geoff Bury, Managing Director, commented.<\/p>\n
In relation to the Company’s Mnazi Bay asset in Tanzania, the company reports that the Tanzania Petroleum Development Corporation (TPDC) and Tanzania Electric Supply Company Limited (TANESCO) have recently paid monthly invoices totalling $1.0 million net for gas sales.<\/p>\n
\u201cThe Mnazi Bay Partners continue to work closely with the Government of Tanzania to settle all outstanding invoices. As part of our Gas Sales Agreement with TPDC, payment guarantees are in place which can be utilised, if deemed necessary, should payments from TPDC become excessively delayed,\u201dWentworth says in a statement.<\/p>\n
Other positive developments include an increase in daily production volumes since the end of the rainy season and we maintain our guidance for the year of 40 – 50 MMscf\/d.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1651,"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":[6228,3523,1608,1636,2463,2466,5805,2472,6227,6226,2543,2719],"class_list":["post-6057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-farmout-partner","tag-gas-sales","tag-mnazi-bay","tag-mozambique","tag-tanesco","tag-tanzania","tag-tanzania-electric-supply-company-limited","tag-tanzania-petroleum-development-corporation","tag-tembo-1-discovery","tag-tembo-field","tag-tpdc","tag-wentworth-resources","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/tembo-1.png?fit=460%2C327&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1zH","jetpack-related-posts":[{"id":6679,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tembo-2-appraisal-well-expected-spud-q3-2018\/","url_meta":{"origin":6057,"position":0},"title":"Tembo 1 Appraisal Well Expected to spud in Q3 2018","author":"","date":"January 11, 2018","format":false,"excerpt":"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\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":7045,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-granted-licence-extension-onshore-rovuma-asset-mozambique\/","url_meta":{"origin":6057,"position":1},"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":7301,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-relinquish-tembo-block-focus-mnazi-bay-asset\/","url_meta":{"origin":6057,"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":6312,"url":"https:\/\/www.oilnewskenya.com\/index.php\/tembo-2-appraisal-well-drilling-location-identified-front-end-work-underway\/","url_meta":{"origin":6057,"position":3},"title":"Tembo 2 Appraisal Well Drilling Location Identified, front end work underway","author":"","date":"September 21, 2017","format":false,"excerpt":"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\u00a0Rovuma Onshore Concession\u00a0operator. This follows the completion of the full analysis of Tembo-1 discovery well results,\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\/2017\/09\/Tembo-1.png?fit=460%2C485&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3101,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-estimates-3-5m-tanzania-monthly-gas-sales\/","url_meta":{"origin":6057,"position":4},"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":5972,"url":"https:\/\/www.oilnewskenya.com\/index.php\/wentworth-resources-raises-5-1-million-fund-mozambique-tanzania-activities\/","url_meta":{"origin":6057,"position":5},"title":"Wentworth Resources Raises $5.1 million to fund Mozambique, Tanzania Activities","author":"","date":"May 18, 2017","format":false,"excerpt":"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\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":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6057","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=6057"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6057\/revisions"}],"predecessor-version":[{"id":6059,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/6057\/revisions\/6059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1651"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=6057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=6057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=6057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}