Wentworth Resources plans the commenced planning for drilling operations of the fifth (MB-4) development well which is expected to spud in March. The well which will complete in 90 days or June is expected to initially produce 20mmscf/day (gross).
Meanwhile the explorer has commenced design and construction of field infrastructure to connect Mnazi Bay to the new transnational government pipeline project.
At the same time the company has completed acquisition and processing of 58km of high resolution 2D seismic over the Mnazi Bay and Msimbati gas fields as well as the acquisition and processing of 315km of conventional 2D seismic over prospective areas in south and southwestern portion of the block.
“We are very pleased that we now have reserves associated with our Mnazi Bay concession. This is a further step towards bringing our gas on stream and follows on from the signing of our gas sales agreement last year, and the ongoing implementation of the field infrastructure. With the government pipeline project on track for a Q2 2015 commissioning, Wentworth now has a defined market for its Mnazi Bay gas and is within a few months of commencing first production into the pipeline, which should generate significant free cash flow in 2015,” says Managing Director Geoff Bury.
On the Rovuma Onshore Block Mozambique the license partners say they are evaluating all data collected to determine the next steps in the exploration phase of the Onshore Rovuma.
In the last quarter the partners have drilled two wells including Kifaru-1 and Tembo-1 exploration where the latter was drilled to a total depth of 3,100 metres but failed to find an economic reservoir and was plugged and abandoned on 23 February 2015.
The Tembo-1 exploration well reached a total depth of 4,553 meters and was plugged and abandoned in December 2014. A discovery in the Cretaceous indicated 11 meters of natural gas net pay and well results are currently being evaluated to assess the potential commerciality of this discovery.
Wentworth’s holds 31.94 percent participation interest at Mnazi Bay Concession in Tanzania and 11.59 percent interest at the Rovuma Onshore Block in Mozambique.