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Wentworth Resources

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JE00BGT34J81

Wentworth Resources Limited Reports Gas Sales and Production Results from the Mnazi Bay Concession in Tanzania for the Month of April 2018; Provides Production Guidance for the Year 2018

May 01, 2018 at 11:31 am IST

Wentworth Resources Limited reported that gas sales and production results from the Mnazi Bay Concession in Tanzania for the month of April 2018. The company announced gas sales generated generated from the Mnazi Bay Concession in Tanzania totalled $6.0 million net to Wentworth.

The company reported that gross production volumes during April 2018 from the Mnazi Bay gas field averaged 77 MMscf/d, continuing the strong production since the start of the year.

The company announced further de-risking 2018 gross production guidance of 65 to 75 MMscf/d.

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Company Profile

Wentworth Resources plc is a Jersey-based domestic natural gas producer in Tanzania. The Company is engaged in oil and gas exploration, development and production operations in Tanzania. The Company operates through the Tanzania Operations segment. Its gas operations include the exploration, development, and production of natural gas and other hydrocarbons. The Mnazi Bay Development and Production License (Mnazi Bay) sits in southern Tanzania, approximately 410 kilometers south of Dar es Salaam, and covers an area of approximately 756 square kilometers (km2), of which the site is comprised of the Mnazi Bay and Msimbati producing gas fields. The Mnazi Bay field produces from a total of five wells, which include the Mnazi Bay (MB)- 1, MB-2, MB-3, MB-4, and MS-1X. The Company's subsidiaries include Wentworth Resources (UK) Limited, Wentworth Holding (Jersey) Limited, Wentworth Tanzania (Jersey) Limited and Wentworth Gas (Jersey) Limited.

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