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Wentworth Resources

Description

Wentworth Resources is an independent energy company with gas reserves and exploration potential in the Rovuma Basin of southern Tanzania and northern Mozambique. The Company and its concession partners are exploring over 3,250 km² of onshore and near shore acreage and own two producing natural gas fields in Tanzania which commenced delivering gas to a new government owned and operated transnational gas pipeline in August 2015. Wentworth Resources is publicly-traded on the Alternative Investment Market of the London Stock Exchange (AIM: WRL) and the Oslo Stock Exchange (OSX: WRL).

2019 Highlights

  • 2019 full year average daily production from Mnazi Bay of 70.29 MMscf/d (gross)
  • Mnazi Bay production 2020 production guidance 65 - 75 MMscf/d (gross)
  • MB-2 flowline repaired and MB-4 Lower Mnazi Bay recompleted, increasing operational flexibility and enabling field to produce at sustained rates > 100 MMscf/d
  • Final term loan debt repayment made 31 January 2020
  • End 2019 net cash position of $13.5m
  • Wentworth's share of Gross 2P Reserves as at 31 December 2019 estimated by RPS to be 95.1 Bcf (15.8 mmboe) with a post-tax NPV10 of $118.6 million

Website   l   Linkedin 'People'

Related news

Wentworth Resources announces 2023 interim results
26/09/2023
Video: Wentworth CEO highlights achievements in Tanzania
10/07/2022
Wentworth Resources provide operational update
22/06/2022
Wentworth set to acquire 25% W.I. in Tanzanian Gas Development Project
13/06/2022
Wentworth reports 2021 Full Year Results
06/04/2022
2021 Reserves Report Underpins Long-Term Potential at Mnazi Bay
14/02/2022
Wentworth provides operational update and production guidance for 2022
26/01/2022
Wentworth and Vitol Carbon Offsetting Partnership
19/11/2021
Aaron LeBlanc Joins Wentworth as Chief Operating Officer
04/11/2021

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